Driven by shifts in the global economic landscape, the perception of industrial policy has evolved from skepticism to a recognition of its strategic importance. This paper identifies emerging patterns in…
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Email Sunhyung Lee
About Sunhyung Lee
Dr. Sunhyung Lee is a Non-Resident Fellow at the Korea Economic
Institute and an Assistant Professor of Economics at Montclair State
University. Before joining the academia, he served as an Associate
Research Fellow at the Korea Institute for International Economic
Policy, where he contributed to policymaking on global economic issues
from 2020 to 2021. Dr. Lee conducts applied and policy-relevant
research on international economics, specializing in foreign direct
investment (FDI), global value chains (GVCs), multinational
enterprises (MNEs), and emerging trade and industrial policies. Dr.
Lee holds a Ph.D. in Economics from the University of Oklahoma and a
Bachelor’s degree in Economics and International Business and
Management from Dickinson College.
July 29, 2025
Late last year, Korean high school students sat for the annual national college entrance exam, Suneung. Acing the exam has represented a predictable trajectory, leading to admission to a prestigious university, entry into a respected profession, and stable lifetime employment. As artificial intelligence (AI) reshapes labor markets, however, the familiar equation linking traditional education to…
January 23, 2026
The following is part of a new miniseries from KEI surveying the most important developments and trends in the U.S.-South Korea relationship in 2025. You can read all year-in-review pieces by clicking here. If one theme dominated the global economic narrative in 2025, it was policy uncertainty. From trade and monetary policy to geopolitics and…
January 14, 2026
The United States’ latest trade actions against Canada and China have injected new economic policy uncertainty. On October 23, President Donald Trump abruptly halted trade discussions with Canada in response to the province of Ontario airing an advertisement criticizing the U.S. tariffs. Two days later, on October 25, Trump announced that there would be an…
November 24, 2025
South Korea’s USD 350 billion investment pledge in the United States, centered on shipbuilding, battery, and semiconductor projects, was meant to strengthen U.S.-Korea industrial cooperation. Instead, it has amplified familiar questions about overdependency that middle powers such as Korea must confront as U.S.-China competition intensifies. China’s retaliation against Hanwha Ocean following its USD 150 billion…