Korea Exported More Goods to the United States Than China in December—Does This Signal a New Trend for Trade?
For a twenty-year period, China had been the top export destination for Korean goods. Not so in December 2023.
Analysis and publications on economic policy, trade relations, business, financial issues, and commercial developments affecting U.S.-Korea relations.
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For a twenty-year period, China had been the top export destination for Korean goods. Not so in December 2023.
Some North Korean pandemic restrictions continue to remain in place despite the rest of the world having returned to normal.
The Inflation Reduction Act (IRA) had been the source of significant uncertainty for Korean Electric Vehicle (EV) makers and their suppliers.
Korea’s real GDP growth will rebound to more than 2 percent in 2024 and 2025, according to the OECD's bi-annual economic projections.
The latest guidance for EV makers doubles down on National Security Advisor Jake Sullivan’s U.S. vision for a “small yard, high fence.”
Korea needs to utilize its strengths to strengthen lagging sectors and reduce the polarization in the Korean economy.
Korea stands at a critical demographic juncture, facing a declining birthrate that has far-reaching implications for its economy and society.