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…

In early February, advancing cooperation in space was one of the topics discussed between Korea and the United States. “We agreed that space is the next frontier in our expanding partnership,” said Foreign Minister Park Jin after meeting with his counterpart on February 3rd in DC. His remarks built on President Yoon Suk Yeol’s vision…

This is the first in a two part series looking at Korea’s Indo-Pacific Strategy and the Indo-Pacific Strategies of other governments. The second part can be found here. Over the past five years, Australia, Japan, the United States, the European Union, France, Canada, and South Korea, among others, have published separate Indo-Pacific strategies. Comparing them…

A video version of the 10 Issues to Watch for on the Korean Peninsula in 2023 with the blog's authors is available on KEI's YouTube channel. The most significant event to impact the Korean Peninsula in 2022 was Russia’s invasion of Ukraine. As in much of the world, the war had the effect of furthering…

This is the second in a two-part series looking at youth employment in Korea. Part 1 can be found here. Korea’s low youth employment rate reflects the mismatch between the education system and the labor market. The mismatch is driven in part by young people’s pursuit of higher education in hopes of obtaining a “Golden…

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