Economy & Trade - Korea Economic Institute of America

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

Korea Unveils Ambitious Plans for “Mooncare”

On August 9, right before hitting his 100th day in office, Korean President Moon Jae-In unveiled his plan to expand Korea’s already extensive healthcare system,...

Jenna Gibson

August 23, 2017

Analysis

Benefits of KORUS FTA Not Eclipsed by the Trade Deficit

Much has changed since President Trump first raised his concerns about the KORUS FTA,

Donald Manzullo

August 21, 2017

Analysis

Koreans Push Back Against Abuse of Power by Franchises

Scandals have led to a pushback against Korean franchises.

Sang Kim

August 16, 2017

Analysis

Korea’s New Craving for Kakao Bank

Kakao Bank launched its internet-only banking service on Thursday, July 27, meeting unprecedented enthusiasm from Korean users.

Hwan Kang

August 10, 2017

Analysis

Moon Jae-in’s Economic Agenda Three Months In

As this week marks the end of Moon Jae-in's first three months in office, what does the administration’s economic reform agenda look like so far...

Kyle Ferrier

August 7, 2017

Analysis

Full Book | Korea’s Economy Vol. 31

Dear Readers, With the 31st edition of Korea’s Economy, we have turned our focus to Northeast Asia where China and Japan represent two of South...

August 3, 2017

Publication

As Chinese Tourists Continue to Drop, Korea Turns to the Middle East

As several KEI analyses have shown, South Korea’s tourism industry has been one of the main casualties of China’s economic retaliation over deployment of the...

Jenna Gibson

August 2, 2017

Analysis

Pyongyang’s Deficit Soars: Won Steady But for How Long?

ICBMs are not the only things soaring in North Korean skies. Comprehensive second quarter data released by China Customs last week shows a huge jump...

William Brown

August 1, 2017

Analysis