Economy & Trade - Korea Economic Institute of America

U.S. Merchandise Trade Deficit with South Korea Continues to Decline

While America’s overall merchandise trade deficit went up by 6.7 percent for the first six months of this year, it declined 23 percent with South...

Phil Eskeland

August 3, 2018

Analysis

Kim Turns to Exhortation Economics, What is His Plan B?

Kim Jong-un is launching his “economy first” messaging with his new emphasis on economic growth and improved living standards.

William Brown

July 26, 2018

Analysis

Higher Tariffs on Imported Vehicles and Parts from Korea Will Harm U.S. National Security

Not only are there sound economic reasons not to impose higher tariffs on Korea motor vehicle and parts imports, it will also damage U.S. national...

Phil Eskeland

July 19, 2018

Analysis

Hold Your Dollars! The Right, and Wrong, Ways to Engage North Korea

To break the cycle with North Korea, our reengagement needs to work to simultaneously end the weapons program and end the failed economic system.

William Brown

June 27, 2018

Analysis

The Evolution of Mobile Telecommunications and Private Transport Services in North Korea

Unprecedented market activities are emerging in North Korea thanks to the expansion of state-run mobile telecommunications and private transport services.

Yonoho Kim

June 25, 2018

Analysis

Moon and Putin on North Korea and Economic Cooperation

Moon Jae-in arrived in Moscow earlier today for a three-day state visit to Russia, the first such visit by a South Korean president since 1999.

Juni Kim

June 21, 2018

Analysis

Taking Quick Delivery for Granted in South Korea

Widely known as the “Delivery Nation,” South Koreans enjoy high speed delivery services in almost every product, including food, socks, and staples.

Jihyun Joung

May 30, 2018

Analysis

Making Korea Grow Again: Rebalancing the Moon Jae-in Economic Agenda

The Moon Jae-in administration in South Korea has taken a two-pronged approach to ensure urgently needed job creation and inclusive growth. Although measures towards each...

Choong Yong Ahn

May 24, 2018

Publication

Life in Plastic, Not So Fantastic

After a sudden Chinese ban on waste and recycling import, South Korea is now scrambling to cut down on the plastic waste that the country...

Jenna Gibson

May 18, 2018

Analysis

Young Koreans Are More Hopeful About the Economy Despite Challenges

For the first time in years, young South Koreans are optimistic about their country’s economy – even though major economic issues have not gone away.

Jenna Gibson

May 15, 2018

Analysis

The KORUS FTA and the Creative Industries

Enhanced bilateral trade and investment under the KORUS FTA has positively impacted the U.S. copyright industries in several ways.

Kevin M. Rosenbaum

May 7, 2018

Analysis

The Economic Importance of the KORUS FTA: A Case Study of the Korean Beef Market After Renegotiations

Beef trade was a major sticking point between the United States and South Korea in ratifying the KORUS FTA. The outcome of the renegotiations that...

Jin Kyo Suh

May 2, 2018

Publication

Hallyu 3.0: The Era of K-pop Collaborations

There is another surge in interest for Korean pop music, particularly in the United States, ushering in the era of Hallyu 3.0.

Jenna Gibson

April 20, 2018

Analysis

Agriculture is the Clear-Cut Winner with Sound Trade Policy

In fact, NAFTA, and trade deals like KORUS FTA – the United States-Korea Free Trade Agreement – are keeping our farms and rural communities not...

Joni Ernst

March 14, 2018

Analysis

U.S. Bilateral Trade Deficit with South Korea Drops 41 percent

The U.S. trade deficit with Korea in goods and services declined by $7.3 billion in 2017 on a record $23.2 billion in U.S. services exports...

Phil Eskeland

March 7, 2018

Analysis