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…

By Jenna Gibson Amid plunging exports, Korean cosmetics brands are defying the odds. According to new numbers released by the Korea Chamber of Commerce and Industry, exports of beauty products are up 53 percent in the first nine months of 2015 even though exports as a whole are down an average of 6.6 percent. “Experts…

By Kyle Ferrier Five years have passed since South Korea served as the G-20 host in 2010, yet contributions from its presidency of the multilateral economic forum are crucial to this year’s talks. This week’s G-20 summit in Antalya, Turkey is underpinned by months of dialogue between a range of government officials from all parties…

By Phil Eskeland This was a very interesting week in Washington – three seminal events happened (no, the visit of Prince Harry doesn’t count) that were linked in some fashion to the surprise resignation of House Speaker John Boehner announced last month. First, on October 26th, the House of Representatives reauthorized a little known agency…

By Kyle Ferrier In a 2014 speech in Dresden attempting to apply lessons from German unification to the Korean Peninsula South Korean President Park Geun Hye introduced the possibility for a Northeast Asian Development Bank. Still in the nascent stage of planning, it would serve as a multilateral development bank (MDB) to attract investment in…

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