China Squeezes North Korea Trade: Impact Not Yet Clear
China’s trade with North Korea fell sharply from relatively high August levels and continues an erratic if clear decline since tighter UN sanctions.
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.
The 2018 Winter Olympics in Pyeongchang could provide an avenue for China to signal a softening of its position on sanctions over THAAD.
While Hallyu may have worked in markets that are geographically near South Korea, for many years it had not received as much enthusiasm in the U.S. market.
The decision by the Moon Administration to shift from coal and nuclear power to LNG has long-term implications for South Korea’s trade surplus with the United States.
As the industry shifts toward electric vehicles, South Korea will need to consider the current state of the market for electric vehicles in South Korea.
Elon Musk tweeted that AI has “vastly more risk than North Korea.” So, it may be ironic that Korean companies are so eager to apply AI into their services.
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).