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,…

The Korea Economic Institute of America (KEI) recently led a delegation to Las Vegas, Nevada, to gain a firsthand look at the city’s role within the U.S.-South Korea relationship and its influential network of Korean American community and business leaders. Across a range of sectors, from advanced manufacturing and clean technologies to creative industries and…

President Donald Trump said on February 18 that he intended to raise automobile tariffs on all U.S.  automobile imports. He followed through with this plan on March 26, announcing a 25 percent automobile tariff that took effect on April 2, making engines, transmissions, powertrain parts, and electrical components, as well as fully assembled cars, all…

The U.S.-South Korea relationship has long been defined by a shared commitment to upholding security. But in recent years, it has evolved into something even more powerful: a comprehensive partnership rooted in economic strength, technological innovation, and cultural exchange. During the Joe Biden administration, the U.S. Department of Commerce saw firsthand the remarkable expansion of…

The beginning of President Donald Trump’s second term presages a major reordering of U.S.-South Korea economic relations. The imposition of reciprocal tariffs on Korea and the addition of import duties on steel and automobiles signify a sharp turn away from the playbook previously dictated by the U.S.-Korea Free Trade Agreement (KORUS FTA). At the same…

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