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 On May 2, Korea and China announced that they would begin talks on a bilateral free trade agreement. In many ways, this is a significant step in bilateral relations between Korea and China. The two countries only formally established relations in 1992, and in two short decades the relationship has blossomed on…

By Troy Stangarone Nutritional aid might not be the only cost of North Korea’s recent failed satellite launch.  Only a few months prior to Kim Jong-il’s death there had been significant discussion of building a pipeline to transmit Russian gas through North Korea to the South. North Korea had indicated that it would be willing…

With the KORUS FTA set to come into effect, The Peninsula talked with Amy Jackson of the American Chamber of Commerce for five questions about the benefits of the KORUS FTA, the politics around the agreement, and the future of U.S.-Korea economic relations: 1.  With the KORUS FTA set to come into effect on March…

By Troy Stangarone After more than six years of negotiations, debate, and delay, the U.S.-Korea Free Trade Agreement (KORUS FTA) will come into effect tomorrow. Expectations for the agreement run high, especially in Korea where there has been significant public debate over the KORUS FTA. Starting tomorrow we will begin to see if the agreement…

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