The proposed tariff on cars is likely to severely affect U.S.-South Korea economic relations, as well as the U.S. economy itself.

The second-term trade actions impacting Korea and other countries will deeply affect the US ability to compete in steel-intensive industries.

The United States and South Korea have established institutions to try and weather changes in administration. Measures like the US-Korea Supply Chain and Commercial Dialogue (SCCD), Senior Economic Dialogue, and the inauguration of the US-ROK Next Generation Critical and Emerging Technologies (CET) Dialogue all form part of a growing nexus of cooperation on shared issues between Washington and Seoul. Their continuation is necessary to promote bilateral partnership across all areas of the relationship. This will be key for the continued security of advanced technologies—made possible by the economic partnership between the United States and South Korea.

With a host of pending initiatives, here are some of the top economic issues for the US-Korea relationship in the next US administration.

Explore major Korean investments spurred by the IRA in communities across the United States on our new interactive map.

Q3 2024 witnessed a number of pivotal partnerships and deals across a wide range of industries as well as a plethora of high-level dialogues.