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 With Washington still abuzz from recent visits of Chinese President Xi Jinping, His Holiness the Pope, a few royals from Spain and Sweden, and the resignation of the Speaker of the U.S. House of Representatives, it is important for Washington to focus on the critical upcoming summit meeting between President Barack Obama…

By Kyle Ferrier Last Friday the Bank of Korea (BOK) Monetary Policy Board held interest rates at 1.5% to top off a busy month that saw a decline in exports and a fluctuating won. The BOK decision to uphold its benchmark interest rate – the seven day repurchase rate – at record low levels is…

By Troy Stangarone South Korea saw the largest drop in exports since the global recession in 2009 in August with exports falling 14.7 percent year-on-year. One sited cause of the decline is slowing economic growth in China, which now accounts for about 25 percent of South Korea’s exports. With China now South Korea’s most significant…

By Linda Butcher How can we move forward with a Korea-India-U.S. trilateral dialogue? Yesterday, the Korea Economic Institute of America (KEI) held a program with top experts to discuss just that. Ambassador Kathleen Stephens who served as U.S. Ambassador to the Republic of Korea and U.S. Chargé d'Affaires in India, is optimistic, stating that the…

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