Economics

With relations between Korea and Japan improving over the last year the leaders of the United States, Korea, and Japan met in Washington on August 18 to discuss a common…

On May 1, 2023, KEI hosted a conversation between Ambassador Marc Knapper and Ambassador (ret.) Kathleen Stephens on potential new and expanded areas of trilateral cooperation between the United States,…

30 years after the fall of the Berlin Wall, people’s aspiration to establish a pluralistic liberal democracy appears to be under scrutiny around the world – anti-immigration policies dominate political…

Strategically located at the crossroads of Central Asia, China, and Russia, Mongolia has long attracted the attention of regional powers – including the Koreas. How is this traditionally-nomadic, but resource-rich,…

By Mark Tokola, Troy Stangarone, and Nicholas Hamisevicz Last year saw a series of significant events on the Korean peninsula. On the economic front, South Korea concluded free trade agreements with Canada, New Zealand, Australia, and Vietnam, and reached substantial conclusion on a deal with its largest trading partner, China. While inter-Korean relations avoided the…

By Mark Tokola On Wednesday, January 21, four Korean workers were crushed to death at the Geochung Shipbuilding Company in Busan when the operator’s cabin broke away from a 40-ton crane.  A police officer told the press, “It appears that they were trying to disconnect the cabin without proper safety equipment.”  The police will now…

By Nicholas Hamisevicz During the last week of December, India’s External Affairs Minister, Sushma Swaraj visited Korea to co-chair with her counterpart, Korean Foreign Minister Yun Byung-se, the 8th India-Korea Joint Commission meeting, while one month prior South Korean President Park Geun-hye was able to meet with Indian Prime Minister Narendra Modi for the first…

By Jongsung Kim According to a recent Bank of Korea (BOK) release, Korea’s household debt reached its historically highest level at the end of the third quarter in 2014. The report shows that at the end of September 2014, the household debt registered at 1,060.3 trillion won, a 6.7 percent year-on-year increase (993.6 trillion won)…

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