Economy & Trade - Korea Economic Institute of America

Economic Policy Reforms in the Lee Myung-Bak Administration

Between winning the election in December 2007 and taking office in February 2008, Lee Myungbak and his administration sketched out a massive reform program that...

Tony Michell

May 25, 2011

Publication

Global Financial Crisis and the Korean Economy: Issues and Perspectives

The year 2008 will be recorded in world history as a year in which the global capitalist system was threatened as a consequence of the...

Pyo Hak-kil

May 25, 2011

Publication

Korea’s Near-Term Economic Prospects and Challenges

Following several years of strong expansion, the Korean economy began losing momentum in the second half of 2008 in the wake of the stress engulfing...

Leif Lybecker Eskesen

May 25, 2011

Publication

North Korea and International Financial Organizations: Political and Economic Barriers to Cooperation

North Korea’s economy has been on the verge of collapse since the beginning of the second nuclear crisis in 2002 because of the international community’s...

Lee Sang-hyun

May 25, 2011

Publication

Tax Reform in Korea

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for...

Randall S. Jones

May 25, 2011

Publication

The Wall Street Panic and the Korean Economy

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news...

Kim Dong-hwan

May 25, 2011

Publication

Impact of U.S. Financial and Economic Distress on South Korea

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing...

Thomas F. Cargill

May 25, 2011

Publication

Financial Asia Rising: Asian Stock Markets in the New Millennium

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs...

Karim Pakravan

May 25, 2011

Publication

The Roles of China and South Korea in North Korean Economic Change

The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take...

Mika Marumoto

May 25, 2011

Publication

U.S.-Korea Economic Relations: A Washington Perspective

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade...

Deena Magnall

May 25, 2011

Publication

Peering Into the Future: Korea’s Response to the New Trading Landscape

As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains...

Troy Stangarone

May 25, 2011

Publication

Tax Issues Affecting Foreign-Invested Companies and Foreign Investors

Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign...

David Jin-Young Lee

May 25, 2011

Publication

Ingredients for a Well-Functioning Capital Market

Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets...

Francis E. Warnock

May 25, 2011

Publication

The Capital Market Consolidation Act and the Korean Financial Market

After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial...

Kim Dong-hwan

May 25, 2011

Publication

Korea’s Money Market

Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos),...

Dominique Dwor-Frecaut

May 25, 2011

Publication