10 Issues to Watch for on the Korean Peninsula in 2018
As we look ahead to what might occur in 2018 we should also consider how key events from 2017 will continue to shape the year ahead.
As we look ahead to what might occur in 2018 we should also consider how key events from 2017 will continue to shape the year ahead.
In 2017, attention turned to the Korean Peninsula as South Korea removed Park Geun-hye from office and North Korea advanced its weapons programs.
The continuing stability of the North Korean won against the U.S. dollar in informal trading markets speaks to the success in handling overall inflation
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.
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.
China failed to realize that the dispute over THAAD wasn’t about bilateral relations with China, but the need to defend against North Korea.
China’s trade with North Korea fell sharply from relatively high August levels and continues an erratic if clear decline since tighter UN sanctions.
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.
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.
Headlines proclaimed the end of the dispute over THAAD, which China insists will harm their national security. However, these celebrations may be premature.