Economics

President Donald Trump is off on his longest international trip yet, stopping in Japan, South Korea, China, Vietnam and the Philippines. There, he is expected to tackle a range of…

In this episode, we spoke with Kevin O'Donnell, who, after decades on a private sector career path, became the first-ever Peace Corps country director for South Korea, followed by a…

On May 10, former human rights lawyer Moon Jae-In officially became the next president of South Korea, filling an office that had been empty since former President Park Geun-Hye's impeachment…

After the closure of the Kaesong Industrial Complex last year, economic ties between North and South Korea have all but ceased. And as sanctions measures continue to tighten, the international…

President Donald Trump said on February 18 that he intended to raise automobile tariffs on all U.S.  automobile imports. He followed through with this plan on March 26, announcing a 25 percent automobile tariff that took effect on April 2, making engines, transmissions, powertrain parts, and electrical components, as well as fully assembled cars, all…

The U.S.-South Korea relationship has long been defined by a shared commitment to upholding security. But in recent years, it has evolved into something even more powerful: a comprehensive partnership rooted in economic strength, technological innovation, and cultural exchange. During the Joe Biden administration, the U.S. Department of Commerce saw firsthand the remarkable expansion of…

The beginning of President Donald Trump’s second term presages a major reordering of U.S.-South Korea economic relations. The imposition of reciprocal tariffs on Korea and the addition of import duties on steel and automobiles signify a sharp turn away from the playbook previously dictated by the U.S.-Korea Free Trade Agreement (KORUS FTA). At the same…

The first quarter of 2025 marked the transition into what will likely be seen as a new global economic reordering. President Donald Trump began his second term in the White House on January 20, and the United States and South Korea continued their rapid tempo of investment partnerships and collaborative agreements. Meanwhile, policy changes at…

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