Asia

In 2005, the Korean ambassador to China was excited about the completion within five years of the target trade volume of over $100 billion with China, which was set by…

Economic Interdependence Between Korea and the United States

The Matter of the Kaesong Industrial Complex in the Korea-U.S. Free Trade Agreement Negotiations

The 11 September 2001 terrorist attacks shocked the world twice: first, their unimaginable method of attack and, second, the U.S. response in their wake. Doctrines, policies, and actions that emerged…

    In the mid-1990s, North Korea experienced a famine that by some estimates wiped out 10 percent of the population. Though many at the time thought the regime would…

      Over the last decade, China has become an increasingly important country for South Korea has it has emerged as Seoul’s largest trading partner and a leading player…

    On April 8, North Korea withdrew all of its workers from the Kaesong Industrial Complex, temporarily placing on hold the last form of cooperation between North and South…

South Korea’s nuclear energy industry has for decades been facilitated through close cooperation with counterparts in the United States under what is known as a “123 Agreement”.  Today South Korea’s…

Yoon Suk Yeol was inaugurated on May 9th as Korea’s twentieth president. He takes office at a difficult with the global economy disrupted by the war in Ukraine and an increasingly threatening North Korea, which has launched 16 missile tests thus far this year. Meanwhile, inflation has accelerated to 4.8% (year-on-year), its fastest pace since…

Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…

The Moon administration had three overlapping--yet subtly distinct--motives in responding to the invasion of Ukraine. The first is a global public goods rationale: to stand against a blatant violation of international norms. This rationale has figured centrally in South Korean policy statements so far, and has put Korea in a follower position, looking to the…

South Korea’s strong economy is a significant pull factor for foreign workers, but despite a declining workforce and a need for foreign workers, Seoul implements some of the strictest immigration controls among the OECD countries. Prior to immigration reform initiated in 2004, South Korea maintained exclusionary practices towards long-term immigration for foreign workers through “side-door”…