Economics

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

When people talk about South Korea’s foreign policy, they are more often than not focused on how Seoul engages with its immediate neighbors on denuclearization. However, as a global trading…

2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…

The Trump Administration is once again considering using Section 232 to impose tariffs on imported goods based on a threat to national security. The President originally used this provision to…

In addition to chips and pharmaceuticals, U.S. President Donald Trump has officially stated that he plans on introducing a tariff of roughly 25 percent on cars entering the United States, beginning April 2. Its imposition is likely to severely affect U.S.-South Korea economic relations, as well as the U.S. economy itself. Passenger vehicles have constituted…

On Monday evening, President Donald Trump unveiled 25 percent tariffs on steel and aluminum imports to the United States, eliminating the exemptions that had allowed South Korea to export steel under a quota. Representing an opening salvo of second-term trade actions impacting Korea and other countries, the tariffs will deeply affect the United States’ ability…

During a time of political change in both the United States and South Korea, new investments, partnerships, and diplomatic dialogues continued to strengthen the economic and technological partnership between the two nations. The following is a timeline of major US-Korea partnerships, investments, significant meetings, and diplomatic milestones from Q4 2024. Major US-Korea Investment Deals and…

South Korean President Yoon Suk Yeol’s short-lived declaration of martial law on December 3, 2024, and his subsequent impeachment on December 14 have plunged the country into its worst political crisis in nearly 40 years, with some signs of a negative economic impact. The economy was already showing signs of weakness before the December political…

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