Economy & Trade - Korea Economic Institute of America

From Crisis to Recovery: Korea’s Policy Response to the Global Financial Meltdown, August 2007-June 2009

During the two-year period since the outbreak in August 2007 of the U.S. subprime crisis, Korea has felt its severe effects: Korea’s economy contracted sharply...

Park Yung-chul

May 25, 2011

Publication

Future Directions for Northeast Asian Regionalism: New Security and Trade Architectures (

There is certainly a place for regionalism in Northeast Asia.1 It already exists in various amorphous ways, but regional identity is relatively weak in Northeast...

James L. Schoff

May 25, 2011

Publication

Whither the KORUS FTA? The Moment of Truth

Two years and nine months have passed since Korea and the United States put their signatures on the Korea-U.S. Free Trade Agreement (KORUS FTA). Nei-...

Choi Byung-il

May 25, 2011

Publication

The Financial Crisis in Northeast Asia and Sustainable Recovery

The three major economies in Northeast Asia have not escaped damage from the Atlantic-centered financial crisis and Great Recession. Japan has suffered the most in...

Thomas Byrne

May 25, 2011

Publication

Korea: The Next Asian Domino in Global Crisis

As the U.S. economic crisis was just getting off the ground, many analysts claimed Asia would be relatively immune to the impact because its economies...

Richard Katz

May 25, 2011

Publication

Can the United States and South Korea Sing without KORUS? The Economic and Strategic Effects of the KORUS FTA

On 30 June 2007, U.S. and South Korean trade officials signed the U.S.- Korea Free Trade Agreement (KORUS FTA). The two countries reached the agreement...

Mark Manyin

May 25, 2011

Publication

Korea-U.S. Economic Relationship with or without an FTA: KORUS FTA as a Better Alternative to Manage the Bilateral Economic Relationship

On 1 April 2007 Korea and the United States finally completed their year-long negotiations to conclude the Korea- U.S. Free Trade Agreement (KORUS FTA), which...

Lee Jaemin

May 25, 2011

Publication

Issues In U.S.-ROK Economic Relations

This paper builds on Kiyota and Stern (2007), in which we analyzed the economic effects of a U.S.-Korea free trade agreement (KORUSFTA). In Section II,...

Kozo Kiyota

May 25, 2011

Publication

Cultural Integration Between the United States and Korea: Looking Beyond the Free Trade Agreement

It may be premature right now to talk about post–free trade agreement (FTA) relations between the United States and Korea. The U.S.-Korea FTA still has...

Mo Jongryn

May 25, 2011

Publication

Inter-Korean Economic Cooperation at a Crossroads

Economic relations between North Korea and South Korea broke major new ground in 2005. Inter-Korean trade increased by more than 50 percent over the previous...

Lim Wonhyuk

May 25, 2011

Publication