Economics

In this episode we speak with Doug Goudie, Director of International Trade Policy at the National Association of Manufacturers (NAM). Mr. Goudie draws from his experiences to share his perspective…

In this episode we hear from Tami Overby, Vice President for Asia at the U.S. Chamber of Commerce and former President of the American Chamber of Commerce in Korea. Ms.…

An exclusive interview with Dr. Alon Levkowitz, author of the most recent edition of the Korea Economic Institute’s Academic Paper Series. His paper, titled “The Republic of Korea and the…

The steep decline in Korea’s fertility rate has created concern. In 2020, the number of deaths exceeded the number of births for the first time, according to census data from the Ministry of Interior and Safety. The Ministry stated that “amid the rapidly declining birthrate, the government needs to undertake fundamental changes to its relevant…

On August 9th, President Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act to boost U.S. investment in the semiconductor industry and incentivize domestic manufacturers. Some of its major provisions incentivize investment in the United States by major foreign chip manufacturers, namely those from Taiwan and South Korea. Framed as a…

On July 4, the foreign ministers of South Korea and Mexico agreed to expand economic cooperation. Building on the resumption of free trade agreement negotiations earlier this year, the two nations emphasized economic security and supply chains as areas for increased collaboration. In addition to directly responding to global concerns over the COVID-19 pandemic’s ongoing…

*Since the below article was published, KakaoTalk decided to drop its challenge against Google's control over in-app payments. However, Korea's revised Telecommunications Business Act still sets the stage for future challenges with global ramifications. Google suspended software updates for KakaoTalk, South Korea’s most popular mobile messaging app, after the latter refused the U.S. tech giant’s demand…

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