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 Kyle Ferrier The Panama Papers have already exposed a number of national leaders in schemes to hide personal wealth in shell companies and will be of greater consequence in early May when the full list of businesses created through Mossack Fonseca are made available. Most of those implicated have utilized the services of the…

By William Brown China surprised many Washington pundits by signing on in February to what looks like fairly tough trade sanctions on North Korea.  Most importantly, it agreed to put a halt to its purchases of coal and metal ores to the extent that these provide foreign exchange to North Korea’s military and to the…

KEI Communications Director Jenna Gibson, host of Korean Kontext, recently interviewed Dr. Stephan Haggard of the University of California-San Diego on the North Korean economy, the role of black markets, and the potential impacts of new UN sanctions. The following is a partial transcript of that conversation. The rest of the conversation can be found…

By Eunchong Moses Park On April 13, 2016, South Korea will hold elections for the 20th National Assembly. Despite the tension from North Korea’s nuclear test and satellite launch earlier this year, the election has been fought largely on domestic issues rather than foreign policy. With the campaign now underway, the National Election Commission has…

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