Asia

During the last two years ago, U.S.-South Korea relations have strengthened in ways that many Korea watchers did not expect. With a liberal President Barack Obama entering office, some feared…

Last year was a momentous year for the Korean Peninsula. As the world worked its way out of the global and financial crisis of 2008-2009, South Korea demonstrated its global…

On November 2-6, KEI President Jack Pritchard and KEI Director Nicole Finneman visited Pyongyang to discuss with North Korean officials the current state of North Korea’s foreign relations and gain…

In less than two weeks world leaders will arrive in Seoul for two days of intense discussions on the current global economic recovery. Unlike the prior G-20 meetings during the…

Not everyone in Korea or foreigners abroad want to hear about national advertising initiatives that focus on mainstream issues like K-Pop, Hallyu or ancient Korean Kimchi culture. Instead, many want…

On January 11, 2013, the Korea Economic Institute of America recently led Washington DC’s celebration of Korean American Day by hosting a luncheon event to honor two Korean Americans for…

With North Korea announcing to the world that it will be attempting to launch a second satellite for 2012, many analysts have been speculating as to why Pyongyang is so…

In this episode we spoke to The Economist’s South Korea correspondent, Daniel Tudor. Having been based in Korea for over a decade, Tudor has just finished writing one of the…

Corruption has a significant negative effect on economic growth through its impact on investment, competition, entrepreneurship, government efficiency and human capital formation. It also has important implications for numerous indicators of economic development, such as environmental quality, personal health and safety, income distribution and social trust. Reducing corruption should be a top priority. Many studies…

Investment Announcements December 20, 2023 ­­– LG Chem begins construction on its cathode plant in Clarksville, Tennessee, set to begin production in 2026. The $1.4 billion injection as part of the construction is the first phase of its $3.2 billion investment plan delineated in an MOU LG Chem signed with the State of Tennessee in…

South Korea’s trade relations have undergone changes since the COVID-19 pandemic. In 2022, South Korea surpassed Japan and became China’s second-largest trading partner. However, its exports to China saw a decline of 20 percent in 2023, plummeting to $124.8 billion from $155.7 billion in 2022. Consequently, South Korea ran a trade deficit of $18 billion…

In a historic break with a policy of most of the past eight decades, North Korea disbanded all of its government organizations which are focused on reunification with South Korea or which reflect a special relationship between the two Koreas. In a lengthy speech on January 15 to the Supreme People’s Assembly (the North Korean…