Economy & Trade - Korea Economic Institute of America

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

2017 U.S. Agricultural Exports to South Korea Nearly Tied Record

In 2017, the U.S. ran a massive agricultural trade surplus with Korea of $6.3 billion. It generated nearly $9.6 billion in additional economic activity.

Phil Eskeland

March 6, 2018

Analysis

Will Korea Face Higher Tariffs on Steel to Protect U.S. National Security?

South Korea is an ally both in national security and in trade. It should not have been included on the list of targeted countries for steel...

Phil Eskeland

February 16, 2018

Analysis

U.S. Hits New Record in Merchandise Exports to South Korea

The U.S. set a new record of $48.3 billion in exports of manufactured and agricultural goods to the Republic of Korea in 2017.

Phil Eskeland

February 6, 2018

Analysis

Beijing’s Economic War on Pyongyang

Beijing conducting economic “war” on Pyongyang might be a little strong, but I think everyone would agree it’s at least a fierce and growing skirmish.

William Brown

January 29, 2018

Analysis

How the Upcoming Trump Administration Action on Steel Will Impact Korea

While the trade actions being taken by the Trump Administration ostensibly target China, they disproportionately hit South Korea.

Phil Eskeland

January 24, 2018

Analysis

Ms. Kang Goes to Davos: South Korea at the 2018 World Economic Forum

Korea certainly has interests in subject-areas at the WEF, particularly regarding its efforts to incorporate the Fourth Industrial Revolution into policy.

Kyle Ferrier

January 23, 2018

Analysis

Hazy Shade of Winter: Air Pollution Sparks Emergency Measures in Korea

Dangerously high levels of particulate matter in the air prompted emergency measures from the Seoul city government this week.

Jenna Gibson

January 18, 2018

Analysis

How South Korea Hopes to Translate Public Spending into Growth and Reform

South Korean President Moon Jae-in’s agenda of public sector-led economic and social reform hinges on creating 810,000 government jobs.

Kyle Ferrier

January 8, 2018

Analysis

Price Movements Suggest Volatile Food and Fuel Markets in North Korea

The continuing stability of the North Korean won against the U.S. dollar in informal trading markets speaks to the success in handling overall inflation

William Brown

December 18, 2017

Analysis