Our Team

The Supreme Court’s ruling that President Donald Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA) are unconstitutional is being read as a constraint on executive power. But the administration retains substantial authority to pursue aggressive trade policy through sections 122, 301, and 338, as well as non-tariff mechanisms such as quotas, licensing regimes,…

Two of the world’s most influential central banks are pulling the global equity market in opposite directions. In Washington, the Federal Reserve cut its benchmark by a quarter point to 3.50–3.75 percent. It is the third consecutive reduction in borrowing costs, with more cuts expected. Meanwhile, the Bank of Japan is expected to raise rates…

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…

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…