On December 30, 2014, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, which regulates the exports of certain sensitive items from the United States, gave a gift to U.S. and Korean energy producers and consumers.
Changes in the global energy market provide a great opportunity to U.S. and Korea to generate mutual benefits through enhanced energy collaboration between the two countries.
Since reopening Kaesong last year, the German manufacturer, Groz-Beckert, is the only international firm to invest in the complex. However, a new action by North Korea may further set back the prospects of attracting additional firms.
South Korea’s ambition to become a regional free trade hub in East Asia took another step towards reality as South Korea and China announced the outline of a conclusion of their bilateral FTA negotiations
With Republicans winning a majority in the Senate for the first time in eight years, President Obama will face a Republican Congress for his final two years in office.
As the rest of the world gets accustomed to seeing Kim Jong-un walk with a cane, we might do well to figure out what, if anything, is changing about the way that the broader North Korean state engages with the economic powerhouses that engulf its southern and northern peripheries.
Issues for the new U.S. Ambassador to help keep the U.S.-Korea alliance strong and active, both in the Northeast Asia region and around the globe.
For South Korea and India, a new bilateral project will be necessary to propel the South Korea-India strategic partnership to a higher intensity of relations.
This will make Groz-Beckert the second foreign investment in Kaesong and the first since the complex reopened last fall.
Just prior to President Obama’s recent trip to Asia, critics of the Trans Pacific Partnership (TPP) blamed the Korea-U.S. Free Trade Agreement (KORUS) for the…