U.S. Bilateral Trade Deficit with South Korea Drops 41 percent
The U.S. trade deficit with Korea in goods and services declined by $7.3 billion in 2017 on a record $23.2 billion in U.S. services exports to Korea.
2017 U.S. Agricultural Exports to South Korea Nearly Tied Record
In 2017, the U.S. ran a massive agricultural trade surplus with Korea of $6.3 billion. It generated nearly $9.6 billion in additional economic activity.
Will Korea Face Higher Tariffs on Steel to Protect U.S. National Security?
South Korea is an ally both in national security and in trade. It should not have been included on the list of targeted countries for steel safeguards.
U.S. Hits New Record in Merchandise Exports to South Korea
The U.S. set a new record of $48.3 billion in exports of manufactured and agricultural goods to the Republic of Korea in 2017.
Beijing’s Economic War on Pyongyang
Beijing conducting economic “war” on Pyongyang might be a little strong, but I think everyone would agree it’s at least a fierce and growing skirmish.
How the Upcoming Trump Administration Action on Steel Will Impact Korea
While the trade actions being taken by the Trump Administration ostensibly target China, they disproportionately hit South Korea.
South Korean Losses from China’s THAAD Retaliation Continue to Grow
China and South Korea reached an agreement in November to restore normal economic relations. That no longer appears to be the case.
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.
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.
Price Movements Suggest Volatile Food and Fuel Markets in North Korea
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