Economy & Trade - Korea Economic Institute of America

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

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