Economy & Trade - Korea Economic Institute of America

No Kids Zones Spread Across Korea, Even as Birthrate Continues to Drop

In the last few years, Korea has seen a proliferation of so-called “no kids zones” – restaurants and cafes that ban children under a certain...

Jenna Gibson

December 8, 2017

Analysis

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

If present trends continue for the final two months of 2017, the U.S. will set a record level of merchandise exports to Korea, reaching nearly...

Phil Eskeland

December 6, 2017

Analysis

South Korea 20 Years After the IMF Rescue Package

Twenty years ago South Korea agreed a painful program prescribed by the IMF as the condition of a loan package focused on restoring market confidence.

Sang Kim

December 4, 2017

Analysis

What Newly Nominated Federal Reserve Bank Chair Jerome Powell Might Mean for South Korea’s Economy

The general consensus over President Donald Trump’s nomination of Jerome Powell as the new Federal Reserve Bank (FRB) Chair is that Powell is a safe...

Hwan Kang

November 27, 2017

Analysis

Korean Firms’ Sustainability Practices and Their Role in the Green Economy

Companies in industrialized nations have embraced environmental protection and sustainability as part of their international competitive strategies. The trend toward proactive environmental management has also...

Younsung Kim

November 16, 2017

Publication

A Model to Replicate: The U.S.-Korea Beef Success Story

Less than a decade ago, the subject of U.S. beef in Korea garnered fierce criticism. Today, Korea represents the second largest export market for U.S....

Kent Bacus

November 16, 2017

Analysis

Korea Regains Spot as Third Largest Sender of Students to the U.S.

Despite the number of South Korean students studying in the United States dropping for the sixth year in a row, South Korea regained its spot...

Juni Kim

November 13, 2017

Analysis

What Renegotiating the KORUS FTA May Mean for the Future of Digital Trade in Korea

If the digital trade section of the KORUS FTA is amended, Korea will likely need to open up its e-commerce industry to foreign competitors.

Hwan Kang

November 7, 2017

Analysis

U.S. Poised to Set a Record Level of Merchandise Exports to Korea in 2017

One reason for the downward trend in the U.S. bilateral trade deficit with Korea is that the U.S. is on track to set a record...

Phil Eskeland

November 6, 2017

Analysis

President Moon’s Commitment to Young People in South Korea

Part of President Moon’s plans for re-invigorating the economy is to address the problem of unemployment, especially among Korea’s young people.

Donald Manzullo

October 30, 2017

Analysis

Hallyu Works Differently in the United States

While Hallyu may have worked in markets that are geographically near South Korea, for many years it had not received as much enthusiasm in the...

Hwan Kang

October 24, 2017

Analysis

How Korea’s Nuclear Power Decision Could Impact the U.S.-Korea Trade Deficit

The decision by the Moon Administration to shift from coal and nuclear power to LNG has long-term implications for South Korea’s trade surplus with the...

Troy Stangarone

October 23, 2017

Analysis

Should South Korea Join the Transition to All Electric Vehicles?

As the industry shifts toward electric vehicles, South Korea will need to consider the current state of the market for electric vehicles in South Korea.

Troy Stangarone

October 20, 2017

Analysis

Why Is There No UberX in Seoul?

Uber's successful launch of UberSHARE and UberEATS in South Korea raises an important question: why is UberX still not offered?

Hayeon Carol Park

October 13, 2017

Analysis

Agreement to Renegotiate KORUS FTA Removes Threat of Withdrawal for the Moment

This will be the second time that the United States has pushed to renegotiate the KORUS FTA, which was originally signed in 2007 but not...

Troy Stangarone

October 5, 2017

Analysis