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 Jenna Gibson Amid plunging exports, Korean cosmetics brands are defying the odds. According to new numbers released by the Korea Chamber of Commerce and Industry, exports of beauty products are up 53 percent in the first nine months of 2015 even though exports as a whole are down an average of 6.6 percent. “Experts…

By Kyle Ferrier Five years have passed since South Korea served as the G-20 host in 2010, yet contributions from its presidency of the multilateral economic forum are crucial to this year’s talks. This week’s G-20 summit in Antalya, Turkey is underpinned by months of dialogue between a range of government officials from all parties…

By Phil Eskeland This was a very interesting week in Washington – three seminal events happened (no, the visit of Prince Harry doesn’t count) that were linked in some fashion to the surprise resignation of House Speaker John Boehner announced last month. First, on October 26th, the House of Representatives reauthorized a little known agency…

By Kyle Ferrier In a 2014 speech in Dresden attempting to apply lessons from German unification to the Korean Peninsula South Korean President Park Geun Hye introduced the possibility for a Northeast Asian Development Bank. Still in the nascent stage of planning, it would serve as a multilateral development bank (MDB) to attract investment in…

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