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 Mark Tokola One March 26th newspaper headline read: “South Korea Seeks Membership in Asian Infrastructure Investment Bank.”  Another newspaper’s headline read: “Decision to Join China-Led Bank Tests South Korea’s Ties to U.S.”  The latter probably drew more readers because, face it, stories about multilateral lending institutions rarely stir excitement.  Stories about potential rifts between…

This is the third in a three part series on the U.S.-Korea Free Trade Agreement. The first part can be found here and the second part here. By Daniel P. Malone March 15, 2015 marks the third anniversary of the Korea - U.S. Free Trade Agreement (KORUS). July 1, 2015 will be the fourth anniversary…

This is the second part in a three part series on the U.S.-Korea Free Trade Agreement. The first part can be found here and the third part here. By Peter Allgeier Free trade agreements such as the KORUS FTA certainly aim to expand bilateral trade flows, and that usually is where the public and politicians…

This is the first part in a three part series on the U.S.-Korea Free Trade Agreement. The second part of the series can be found here and the third part here. By Taeho Bark The United States (U.S.) used to be always the largest export market for the Korean products during 1970s and 1980s. The…

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