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 Phil Eskeland What does the looming vote in the U.S. House of Representatives on Trade Promotion Authority (TPA) for the President have to do with Korea?  While Korea is currently not party to the Trans Pacific Partnership (TPP) talks, on the surface, the TPA debate appears not to affect Korea all that much.  However,…

By Nicholas Hamisevicz Indian Prime Minister Narendra Modi’s trip to Korea last week marks the fourth time in the last six years where either the Prime Minister of India has visited Korea or the President of Korea has traveled to India. These recent visits have helped create a solid structure and format for steadily increasing…

This is the first in a three part series looking at the ongoing trade debate in the United States and its impact on Korea. Part two can be found here and part three here. By Phil Eskeland Last week saw one of the most interesting weeks in the politics of trade policy on Capitol Hill…

By Mark Tokola The notion that Korea might be affected by the outcome of the May 7 UK General Election might seem far-fetched. In truth, it would be an exaggeration to say that the outcome is of major significance to South Korea.  However, because it is of some importance, that makes it worthy of some…

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