Economics

Though hesitant to officially join the U.S. Indo-Pacific Strategy, South Korea is seeking to promote many of the same values through the Moon administration’s “New Southern Policy.” Central to this…

This month, the world was reminded once again that the relationship between the Republic of Korea and Japan is deeply fractious. Japan has imposed restrictions on the export of chemical…

The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

By Troy Stangarone One of the keys to attracting international investors to the Kaesong Industrial Complex is reducing the political risk of making an investment in the complex and providing a stable business environment. Since the reopening of Kaesong last year, only the German manufacturer, Groz-Beckert, has decided to take that risk. However, a new…

By Troy Stangarone At first glance, the prospect of a summit meeting between Kim Jong-un and Vladimir Putin makes sense. Both Russia and North Korea find themselves increasingly isolated internationally and a summit meeting presents a potential opportunity to demonstrate that they are not as isolated as some may believe. However, below the surface, a…

By Phil Eskeland Within the next several hours, President Barack Obama is expected to sign an Executive Order to allow certain undocumented immigrants, numbering perhaps as high as 5 million, who entered the United States without prior authorization or overstayed their visas, the right to remain and work in the United States.  Elements of the…

By Troy Stangarone The 2014 mid-term elections will likely mark an important turning point in U.S. foreign policy and the Obama Administration. While presidential elections can bring in entirely new administrations, mid-term elections, especially those in the second administration of a presidency, can also serve as decisive moment. As administrations look to cement their legacy…

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