Economics

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

When people talk about South Korea’s foreign policy, they are more often than not focused on how Seoul engages with its immediate neighbors on denuclearization. However, as a global trading…

2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…

The Trump Administration is once again considering using Section 232 to impose tariffs on imported goods based on a threat to national security. The President originally used this provision to…

By Troy Stangarone At a recent international conference in Seoul, South Korean President Park Geun-hye called for a “Eurasia Initiative” to link Europe and Asia via trade, transit, and energy.  However, achieving President Park’s vision will require developing a means of integrating North Korea into the broader Eurasian framework and mitigating the risk of Pyongyang…

By Phil Eskeland Last week, the Organization for Economic Cooperation and Development (OECD) released a report[1] on the level of skills among adults in 24 developed countries, including the Republic of Korea and the United States.  There were several interesting analyses, comparing the skill level of adults in these nations based on age, education level,…

By Gerard Krzic Anyone visiting Korea and sightseeing at a rural Buddhist temple usually passes over a stone bridge that crosses a stream or river before entering the main temple grounds.  It has been said that the bridge represents crossing oceans as one moves from the land of daily hardships to the land of enlightenment…

By James W. Fatheree A recent KEI annual seminar provided the U.S. Chamber/U.S.-Korea Business Council (USKBC) with an opportunity to provide our perspective on the economic priorities of both the Obama and Park administrations--where these priorities line up and ways in which our governments and business communities can work together to support policies that foster…

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