Economy & Trade - Korea Economic Institute of America

Is Korea Ready for the “Third Oil Shock?”

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price...

Florence Lowe-Lee

May 25, 2011

Publication

A Firestorm in Korea over U.S. Beef

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of...

Troy Stangarone

May 25, 2011

Publication

Competitiveness: Korea’s Latest Economic Challenge

Korea is a tough economic competitor. Its meteoric rise over just 30 years from one of the poorest in the world to the ranks of...

Julia B. Cunico

May 25, 2011

Publication

Tide Turning for Korea’s Auto Imports?

Anyone who has spent time in the bustling streets of Seoul is familiar with the scene: commuters crowding into Daewoo buses, while salary men hurry...

James H. Alvis

May 25, 2011

Publication

U.S. International Trade Commission Finds FTA Would Substantially Affect U.S.-Korea Trade and Investment, Korea Pushes Ahead

On September 20, the U.S. International Trade Commission (ITC) released its report on the KORUS FTA. The ITC study is a required analysis under Trade...

Troy Stangarone

May 25, 2011

Publication

Brain Drain: Korea Exports Human Capital

Human capital is the most important form of wealth in a knowledge-based economy. The success of a nation in today’s economy depends significantly upon how...

Florence Lowe-Lee

May 25, 2011

Publication

Rulings, New Agreements, and Advisory Committee Assessments Alter the Course for the KORUS FTA

May brought several significant developments for the KORUS FTA. On May 10, the Bush Administration and Congress announced an agreement on a new trade policy,...

Troy Stangarone

May 25, 2011

Publication

Korea’s Economy: Decent Short-run Outlook but Long-run Challenges

Real growth in 2006, at 5 percent, did not fully measure up to the more optimistic forecasts of a year ago but did represent a...

James Lister

May 25, 2011

Publication

Korea’s Real Estate Market: Are We Overreacting to Skyrocketing Property Prices?

The most popular conversation topic in Korea these days is not North Korea’s nuclear program or the KORUS FTA, but the skyrocketing real estate prices....

Florence Lowe-Lee

May 25, 2011

Publication

Anatomy of a Deal: The KORUS FTA

With negotiations running down to the wire, Korean and American negotiators announced that they reached a deal just before President George W. Bush’s trade promotion...

Troy Stangarone

May 25, 2011

Publication

Developments in Korea’s Overseas Foreign Direct Investments

While foreign direct investment (FDI) into South Korea has been waning, outward Korean investment has been robust over the past year. According to The Korea...

James H. Alvis

May 25, 2011

Publication

Labor Flexibility, A Key to Economic Success

Korea’s labor unions are known for their militancy. This characteristic is believed to be the result of past political repression and perceived economic inequality. Since...

Florence Lowe-Lee

May 25, 2011

Publication

Recent Developments in Korea’s IT Industry

A successful KORUS FTA could position Korea among the top three electronics manufacturing countries, according to a senior researcher from the Korea Institute for Industrial...

James H. Alvis

May 25, 2011

Publication

Developments in the Korean Auto Industry

For those following developments in the Korean auto industry, the first quarter of 2006 has certainly proven to be anything but mundane. Recent headlines have...

James H. Alvis

May 25, 2011

Publication

Economic Recovery Gathering Strength

There are growing signs that Korea’s economy is growing in a more sustainable manner after a long battle to overcome the depressive effects of household...

James Lister

May 25, 2011

Publication