If the budget battles of recent years become a more permanent feature of U.S. domestic politics, the risk exists that the United States’ partners in Asia begin to see the U.S. as politically dysfunctional and as a result U.S. influence in the region wanes over time.
Korea and the United States both enjoy a number of competitive advantages – high innovation capabilities, educated and sophisticated workforces, and cutting-edge technologies in key areas, such as information, health care, and energy.
The rising household debt in Korea is a critical issue and a clear symbol of its importance was the high level of government officials testifying at the hearing.
The fear that North Korea’s suspension of activities at the Kaesong Industrial Complex would have broader implications began to materialize last week when Daewha Fuel Pump Industrial Ltd. announced it failed to deliver parts in time to its Indian customer. Other companies are beginning to publicize their setbacks as well.
North Korea’s recent actions, including the suspension of work at Kaesong, are form of psychological and economic warfare against South Korea in response to heightened international sanctions against North Korea.
By Troy Stangarone As often happens with North Korea, there have recently been suggestions that the regime may be interested in engaging in economic reforms….
The U.S.-Korea Free Trade Agreement, or KORUS FTA, has now been in effect for one year and, as with any agreement, it is natural to reflect on what the FTA has achieved.
KITA data reveals that over time, South Korea is undergoing an increasing level of trade polarization (i.e. greater degrees of trade imbalances) vis- à-vis its trading partners.
As Park Geun-hye takes office as South Korea’s first female president, she comes into power at a time of contradictions and challenges.
After years of being under the radar, Korean designers are increasingly being noticed by the world of haute couture of London, Paris, Milan, and New York.