Economy & Trade - Korea Economic Institute of America

Protectionism With Opportunities for US-South Korea Trade Under Trump 2.0

The economic relationship between the United States and South Korea is stronger than ever, but President Donald Trump’s promises of higher US tariffs pose risks...

Nils Wollesen Osterberg

January 22, 2025

Analysis

Addressing South Korea’s Provider-to-Patient Ratio Crisis

South Korea’s healthcare system, often lauded for its universal access and quality, is facing an emerging uneven provider-to-patient ratio crisis. This disparity disproportionately affects rural...

Destiny Kanning

January 15, 2025

Analysis

[2024 in Review] Tightening US-South Korea Economic Security in Turbulent Times

The United States and South Korea have established institutions to try and weather changes in administration. Measures like the US-Korea Supply Chain and Commercial Dialogue...

Tom Ramage

December 23, 2024

Analysis

[2024 in Review] North Korea’s Economy: It’s All About Money

Financial issues plagued North Korea in 2024 with efforts to stop hyperinflation and currency debasement suddenly coming unraveled.

William Brown

December 20, 2024

Analysis

South Korea Scrambles to Adjust to a Trump Economy

President Yoon Suk-yeol, like many of his peers, try to disentangle likely changes in US economic policies by the second Trump administration.

William Brown

December 2, 2024

Analysis

US and South Korean Economic Growth Diverge in Q3 2024

South Korea eked out a disappointing 0.1 percent gain from Q2. In contrast, the US showed a 2.8 percent growth, down slightly from 3 percent.

William Brown

November 4, 2024

Analysis

Economic Issues for Korea in the Next US Administration

With a host of pending initiatives, here are some of the top economic issues for the US-Korea relationship in the next US administration.

Tom Ramage

October 31, 2024

Analysis

Lessons from the IMF Annual Meeting for South Korea

There were four main themes in this year’s meeting: moderating inflation, low growth, fiscal stress, and geopolitical risk.

Je Heon (James) Kim

October 30, 2024

Analysis

Reopening the Sangdong Mine: South Korea’s Quest for Tungsten Autonomy

As the world looks beyond China to secure tungsten, concerns arise in Seoul about the limitations on its autonomy over this vital metal.

Haeyoon Kim

October 29, 2024

Analysis

Strengthening South Korea’s Global Value Chain Through Increased Robot Adoption

Is South Korea doing enough to achieve the just-in-case strategy, in particular with the integration of industrial robots?

Sunhyung Lee

October 28, 2024

Analysis

Announcing KEI’s New Korean IRA Investment Map

Explore major Korean investments spurred by the IRA in communities across the United States on our new interactive map.

Tom Ramage

October 23, 2024

Analysis

Pyongyang Worries About the Collapse of Its Won

Difficult economic reforms are needed for North Korea to stabilize its currency.

William Brown

October 17, 2024

Analysis

The Dollar’s Discontents

A weaker dollar's benefits for US manufacturing may be dubious, but its costs to the United States, Korea, and the global economy are clear.

Barry Eichengreen

October 16, 2024

Analysis

What Happened: Q3 2024

Q3 2024 witnessed a number of pivotal partnerships and deals across a wide range of industries as well as a plethora of high-level dialogues.

Tom Ramage

October 15, 2024

Analysis

Port Strike Should Prompt Strategic Thinking on US Supply Chains and the Role of AI

The port strikes should renew attention on economic security and efforts to promote stability in global commerce.

Tom Ramage

October 9, 2024

Analysis