Asia

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

In this episode we speak with Doug Goudie, Director of International Trade Policy at the National Association of Manufacturers (NAM). Mr. Goudie draws from his experiences to share his perspective…

In this episode we hear from Tami Overby, Vice President for Asia at the U.S. Chamber of Commerce and former President of the American Chamber of Commerce in Korea. Ms.…

Now in its tenth year, KEI’s Opinion Leaders Seminar (OLS) is an annual gathering of some of the world’s foremost policymakers and scholars on the U.S.-South Korean alliance. In this…

An exclusive interview with Dr. Alon Levkowitz, author of the most recent edition of the Korea Economic Institute’s Academic Paper Series. His paper, titled “The Republic of Korea and the…

What Happened On April 27, senior ROK government officials met to prepare for next month’s Partnering for Green Growth and the Global Goals (P4G) summit. At this preparatory meeting, Foreign Minister Chung Eui-yong reiterated President Moon’s statements on the importance of implementing South Korea’s carbon goals before next month’s summit. Despite Moon’s pledge to reduce emissions during a U.S.-led climate summit…

Korea stands out for its success in handling the COVID-19 pandemic and limiting its economic impact. The 1.0% fall in real GDP in 2020 was the smallest decline among the 38 member countries in the OECD. Nevertheless, employment (including the self-employed) in February 2021 was 1.8% below its year-earlier level. Women accounted for about 60%…

At the end of last week, the United States announced that President Joe Biden will host South Korean President Moon Jae-in for in-person meetings in Washington on May 21.  The statement from the White House Spokesperson said the visit “will highlight the ironclad alliance between the United States and the Republic of Korea, and the…

What Happened The South Korean Ministry of Gender Equality and Family announced plans to make it easier for a child to take either parent's surname at birth, alongside other changes. The announcement also included plans to conduct a public opinion survey on the ethics of having a baby through surrogacy and donating eggs and sperm to unmarried…