Improvements to the U.S.-Korea Trade Balance
Recent statistics released by the Foreign Trade Division of the U.S. Census Bureau show an improvement in the trade balance with South Korea in favor of the United States.
China’s Narrow-minded Retaliation Over THAAD
Since South Korea announced the deployment of THAAD, China has been harassing South Korea through various channels.
Will Korea Ever Be Part of an Asian Union?
The EU recently celebrated its 60th anniversary. Will Korea ever be part of an Asian Union?
Not Worth a Dime? Korea Should Stop Producing 10 Won Coins
Late last year, the Bank of Korea (BoK), South Korea’s central bank, announced its plans for a “Cashless Society,” which first and foremost means getting rid of coins by 2020. But while the BoK has reduced its annual expenditure on coin production by 200 million won from 2015 to 2016, it could do more.
The Federal Reserve Challenge for Korea
Higher interest rates will dampen the effectiveness of his promised stimulus package and, vis-à-vis a stronger dollar, make U.S. exports more expensive. While the latter will further complicate Korea’s relationship with Trump over the bilateral balance of trade, the biggest challenge to Korea stemming from the Fed rate rises will hit closer to home.
The Growth of Anti-corporate Sentiment in Korea
More and more Koreans are saying that they don’t trust Korean companies.
Trade in Services Data Contributes to More Accurate Picture of the U.S.-Korea Trade Relationship
U.S. services exports to Korea hit a record level of $21.55 billion in 2016, which contributed to producing the highest trade surplus in services ($10.7 billion) for the United States in the history of U.S.-South Korea trade relations.
Is Renegotiation of the Korea-U.S. Free Trade Agreement on the Horizon?
Last week, the Office of the U.S. Trade Representative (USTR) released the President’s National Trade Policy Agenda for 2017.
China Cuts Off Imports of North Korean Coal: Economic Impacts Depend on Pyongyang’s Reaction
Beijing’s Commerce Ministry surprised everyone on Friday, announcing a halt to imports of any coal from North Korea in 2017.
Five Questions for the Future of Samsung
With the arrest of Lee Jae-yong on charges of bribery, embezzlement, perjury, and the illegal transfer of funds abroad, Samsung faces a period of uncertainty at a critical time for South Korea’s leading chaebol.