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 Seongjin James Ahn   Uncertain Times Ahead Due to its place in the global economy, it was inevitable that South Korea would feel the pinch of weakening global economic conditions. To say that the country is on the verge of a crisis would be going too far, but issues that have been brewing over…

By Troy Stangarone In what is becoming an annual tradition, North and South Korea agreed to raise the wages of workers in the Kaesong Industrial Complex by the maximum 5 percent allowed to $67.05 a month under the established agreements between the two Koreas. While the increase in wages is clearly good the 51,000 or…

By Troy Stangarone With continuing sluggish sales of French autos, the new government in France has formally requested that the European Union (EU) begin monitoring imports of Korean automobiles as a first step to potentially reintroducing the initial tariff cuts under the EU-Korea FTA. Under the agreement which has been in effect a little over…

By Matthew Tranquada On Monday morning, in a federal courtroom in San Jose, lawyers for Samsung and Apple met to pick a panel of 10 jurors to decide a case worth $2.5 billion in damages for patent infringement. At the heart of the case is Apple’s contention that Samsung’s designs of its Galaxy series of…

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