2017 in Review: A Critical Year for the Korean Peninsula
In 2017, attention turned to the Korean Peninsula as South Korea removed Park Geun-hye from office and North Korea advanced its weapons programs.
U.S. Trade Deficit with South Korea Continues to Decline
If present trends continue for the final two months of 2017, the U.S. will set a record level of merchandise exports to Korea, reaching nearly $48 billion.
A Model to Replicate: The U.S.-Korea Beef Success Story
Less than a decade ago, the subject of U.S. beef in Korea garnered fierce criticism. Today, Korea represents the second largest export market for U.S. beef.
What Renegotiating the KORUS FTA May Mean for the Future of Digital Trade in Korea
If the digital trade section of the KORUS FTA is amended, Korea will likely need to open up its e-commerce industry to foreign competitors.
U.S. Poised to Set a Record Level of Merchandise Exports to Korea in 2017
One reason for the downward trend in the U.S. bilateral trade deficit with Korea is that the U.S. is on track to set a record in goods exports this year.
Agreement to Renegotiate KORUS FTA Removes Threat of Withdrawal for the Moment
This will be the second time that the United States has pushed to renegotiate the KORUS FTA, which was originally signed in 2007 but not implemented until 2012.
Growing Role of FDI from Korea in Providing Opportunity and High-Paying Jobs for America
South Korea continues to demonstrate its confidence in America by once again in 2016 increasing its holdings of $38.8 billion in investments at U.S.-based companies, nearly double the level the year prior to the implementation of the Korea-U.S. Free Trade Agreement (KORUS FTA) in 2011.
No Reason to Withdraw from the KORUS FTA
Rumors flooded Washington over the Labor Day holiday weekend that the U.S. would soon withdraw from the Korea-U.S. Free Trade Agreement (KORUS FTA).
Benefits of KORUS FTA Not Eclipsed by the Trade Deficit
Much has changed since President Trump first raised his concerns about the KORUS FTA,
What Do the Trump Administration’s NAFTA Objectives Mean for the KORUS FTA?
Last week, the Office of the U.S. Trade Representative (USTR) released its Summary of Objectives for the NAFTA Renegotiation, providing a window into how the administration may pursue updating the U.S.-Korea Free Trade Agreement (KORUS FTA).