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 Chad 0Carroll Originally known for being a company that sold bargain electronics products, in 1995 Samsung chairman Lee Kun-hee ordered his employees to set on fire a mountain of 140,000 mobile phones, fax machines and other electronics in an effort to reform and rejuvenate the company.  Fast forward to 2011, and in the cell phone market…

By Troy Stangarone In his remarks before Congress, President Lee Myung-bak pledged to help Libya through its transition saying “We will take part in the international effort in bringing democracy to Libya and rebuilding its shattered economy.”  While Korea’s efforts in helping Libya are laudable, Korea may also be in a position to help utilize…

By Nicholas Hamisevicz Much of the focus this week has been on the enduring U.S.-ROK relationship and how these countries envision a future Asia as South Korean President Lee Myung-bak arrives in Washington for a state visit. However, beyond the U.S.-South Korea alliance, Korea’s emerging relationship with India can also be an important aspect in…

By Troy Stangarone The arrival of South Korean President Lee Myung-bak seems to have concentrated the minds of Republicans and Democrats in a manner that only imminent default has achieved prior to now. Little more than a week ago, it was uncertain that the long-pending free trade agreements with Korea, Panama, and Colombia would even…

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