Economy & Trade - Korea Economic Institute of America

Recent Developments in Korea’s Financial Markets: Foreign Exchange Liberalization and the New Real Estate Policy

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant...

Park Haesik

May 25, 2011

Publication

Outlook and Reforms for the Korean Economy in 2006

After two years of sluggish growth, the Korean economy is now recovering. Economic activity began to revive in the early part of 2005 and accelerated...

Kenneth Kang

May 25, 2011

Publication

KORUS FTA vs. Korea-EU FTA: Why the Differences?

The Korea-U.S. Free Trade Agreement (KORUS FTA) and the Korea-European Union Free Trade Agreement (Korea-EU FTA) are the major FTAs for the Korean economy. Although...

Yeongkwan Song

May 15, 2011

Publication

Similar Policies, Different Outcomes: Two Decades of Economic Reforms in North Korea and Cuba

This article is aimed at analyzing, in a comparative perspective, the economic reforms undertaken by Democratic People’s Republic of Korea (DPRK, or North Korea) and...

José Luis León-Manríquez

April 1, 2011

Publication

Buying into North Korea: Practices and Implications for Foreign Investment into the DPRK

With North Korea becoming increasingly politically isolated, there are few channels through which the international community can remain engaged. Despite the distaste most have for...

Kevin Shepard

November 25, 2010

Publication

Torn Between the Two Trade Giants: U.S.-China Trade Disputes and Korea

An old Korean proverb says that when two whales fight it is the shrimps whose backs are crushed. Maybe that proverb best describes Korea’s situation...

Jaemin Lee

June 15, 2010

Publication

Exchange Rate Arrangements of Transitional Economies and their Implications for the Two Koreas

The purpose of this research is to identify an exchange rate regime that would be suitable for North Korea to achieve its goal of economic...

Jin-Gil Jeong

January 25, 2010

Publication

The Bank of Korea in Historical and Comparative Perspective

This paper reviews and evaluates the development of Bank of Korea policy in historical and comparative perspective. The historical perspective focuses on the most recent...

Thomas F. Cargill

November 25, 2009

Publication

Global Financial Crisis and Systemic Risks in the Korean Banking Sector

Financial crises are more common than people usually expect. In fact, 139 ﬁnancial crises from 1973 to 1997 have been identiﬁed by Eichengreen and Bordo,...

Myung-koo Kang

May 25, 2009

Publication

Minimizing the Aftershocks of the Korea-U.S. FTA: How to Manage Disputes Arising from the Two Countries’ Discrepant Perspectives and Legal Systems

After the U.S.-Korea Free Trade Agreement (KORUS FTA) is approved by the legislatures of Korea and the United States, it will likely provide a turning...

Jaemin Lee

September 25, 2008

Publication

A Cultural and Philosophical Perspective on Korea’s Education Reform: A Critical Way to Maintain Korea’s Economic Momentum

During the past several decades numerous discussions about the problems of education in South Korea have been advanced by government officials, education experts, teachers, students,...

S.J. Chang

March 25, 2008

Publication

Implications of Liberalizing Korea-U.S. Trade in the Automobile Sector: Potential Impact of the Korea-U.S. Free Trade Agreement

The automobile industry is a dynamic and signiﬁcant sec-tor in most of the major economies in the world. It is closely related to various other...

Sang-yirl Nam

February 25, 2008

Publication

The Economic Future of North Korea: Will the Market Rule?

More than two decades ago, when the USSR still existed and the concept of the world socialist system presumed that all socialist countries were developing...

Georgy Toloraya

December 25, 2007

Publication