Economy & Trade - Korea Economic Institute of America

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

Moon Jae-in Takes a Different Path to Change in South Korea

Moon Jae-in is showing he is different not by tearing apart Park Geun-hye’s legacy entirely, but rather by utilizing part of it to his advantage.

Hwan Kang

October 2, 2017

Analysis

The Hidden Costs of President Moon’s Minimum Wage Policy

In July 2017, South Korea’s Minimum Wage Commission finalized the decision to increase the country’s minimum wage by 16 percent to 7,530 won ($6.60) per...

Hayeon Carol Park

September 28, 2017

Analysis

Growing Role of FDI from Korea in Providing Opportunity and High-Paying Jobs for America

South Korea continues to demonstrate its confidence in America by once again in 2016 increasing its holdings of $38.8 billion in investments at U.S.-based companies,...

Phil Eskeland

September 20, 2017

Analysis

The North Korean embassy in London. The UK maintains diplomatic relations with Pyongyang.

North Korea Loses More Friends and Trading Partners

In back-to-back announcements, both Peru and Mexico announced that they would be expelling the North Korean ambassador from their countries, although they stopped short of...

Jenna Gibson

September 14, 2017

Analysis

East Asia’s Regional Financial Governance: Assessing Korea’s Centrality

In the aftermath of the Global Financial Crisis, the multilayered international financial governance regime has been strengthened. In East Asia, this regime includes an ASEAN+3...

Ramon Pacheco Pardo

September 12, 2017

Publication

No Reason to Withdraw from the KORUS FTA

Rumors flooded Washington over the Labor Day holiday weekend that the U.S. would soon withdraw from the Korea-U.S. Free Trade Agreement (KORUS FTA).

Phil Eskeland

September 6, 2017

Analysis