Economics

    In the mid-1990s, North Korea experienced a famine that by some estimates wiped out 10 percent of the population. Though many at the time thought the regime would…

    On April 8, North Korea withdrew all of its workers from the Kaesong Industrial Complex, temporarily placing on hold the last form of cooperation between North and South…

With worldwide familiarity of Korean pop culture increasing through the viral exposure of Korean musician Psy’s hit record “Gangnam Style”, this episode Korean Kontext speaks to Mark James Russell, author…

In this episode we spoke to B.R. Myers, author of “The Cleanest Race” and regular contributor to the New York Times, Wall Street Journal, and The Atlantic.  Having been raised…

According to the latest data from the U.S. Bureau of Economic Analysis (BEA), the total stock of all foreign direct investment (FDI) in the United States increased by USD 227 billion to just under USD 5.4 trillion in 2023. This figure was largely driven by a USD 96 billion increase from Canada, USD 86 billion…

The Korea Economic Institute of America (KEI) recently led a delegation to Las Vegas, Nevada, to gain a firsthand look at the city’s role within the U.S.-South Korea relationship and its influential network of Korean American community and business leaders. Across a range of sectors, from advanced manufacturing and clean technologies to creative industries and…

President Donald Trump said on February 18 that he intended to raise automobile tariffs on all U.S.  automobile imports. He followed through with this plan on March 26, announcing a 25 percent automobile tariff that took effect on April 2, making engines, transmissions, powertrain parts, and electrical components, as well as fully assembled cars, all…

The U.S.-South Korea relationship has long been defined by a shared commitment to upholding security. But in recent years, it has evolved into something even more powerful: a comprehensive partnership rooted in economic strength, technological innovation, and cultural exchange. During the Joe Biden administration, the U.S. Department of Commerce saw firsthand the remarkable expansion of…

As disruptions in supply chains continue, what practical steps can the U.S. and Korea take to strengthen supply chains against future crises?