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,…

Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…

On May 2, South Korea and Norway kicked off the annual defense industry cooperation talk in Seoul with a focus on Oslo’s prospective acquisition of Korean tanks. Both players hope to also deepen bilateral and regional cooperation through joint defense research. This is representative of Korea’s broader effort to play a bigger role in the…

South Korea’s strong economy is a significant pull factor for foreign workers, but despite a declining workforce and a need for foreign workers, Seoul implements some of the strictest immigration controls among the OECD countries. Prior to immigration reform initiated in 2004, South Korea maintained exclusionary practices towards long-term immigration for foreign workers through “side-door”…

Korean firms dominate 30% of the global electric vehicle battery market. But with the procurement of key raw material inputs for these batteries threatened by geo-strategic rivalries, the government and manufacturers are pushing to diversify both sourcing and processing of minerals like cobalt, nickel, and lithium. In February, the Australian government signed a “Memorandum of…

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