Korea Economic Institute

Korea Economic Institute Welcome to KEI @ Facebook! KEI focuses its efforts on all aspects of the U.S.-Korea relationship. KEI is a non-for-profit, educational organizations partnered with the Korea Institute for International Economic Policy (KIEP), a public policy research institute funded by the Government of the Republic of Korea.
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KEI is registered under the Foreign Agents Registration Act (FARA) as an agent of KIEP. The required registration statement and the materials on this website are available for public inspection at the Department of Justice. Registration does not indicate U.S. government approval of the contents of this website. KEI is not engaged in the practice of law, does not render legal services, and is not a lobbying organization.

Mission: KEI's mission is: * To educate Americans on developments in Korea and U.S.-Korea relations; * To serve as a resource center for up-to-date information on Korean economic trends and * To keep Korean policy and research officials informed of key developments and attitudes regarding public policy issues of interest and importance to Korea.

Operating as usual

#KoreanHistoryToday: Representatives of North and South Korea sign the Agreement on Reconciliation, Nonaggression and Ex...
12/13/2020

#KoreanHistoryToday: Representatives of North and South Korea sign the Agreement on Reconciliation, Nonaggression and Exchanges, and Cooperation in 1991. Seoul and Pyongyang recognize each other's systems and agree to work towards eliminating weapons of mass destruction.

#KoreanHistoryToday: Taking advantage of the martial law imposed after the assassination of President Park Chung-hee, Ge...
12/12/2020

#KoreanHistoryToday: Taking advantage of the martial law imposed after the assassination of President Park Chung-hee, General Chun Doo-hwan launches a military insurrection against the government in 1979. This coup paved the way for Chun's installation as president in 1980.

What can we learn from China's open-source analysis of North Korea's nuclear arsenal? What does it say about Beijing's p...
12/11/2020
Chinese Open Source Assessments of North Korea’s Ballistic Missile Capabilities | September 10, 2020

What can we learn from China's open-source analysis of North Korea's nuclear arsenal? What does it say about Beijing's posture and outlook on the region?

Nathan Beauchamp-Mustafaga and Scott Harold spotlight how China sees North Korea as a wider geopolitical risk.

https://youtu.be/m3vkTqWdeQE

North Korea’s ballistic missile program has long been a concern for the United States, South Korea, and Japan. Foreign researchers have increasingly leverage...

As a byproduct of the RCEP mega-deal, Seoul and Tokyo are now bound by their first-ever shared free trade agreement. Thi...
12/11/2020
Could RCEP Help Improve South Korea-Japan Relations?

As a byproduct of the RCEP mega-deal, Seoul and Tokyo are now bound by their first-ever shared free trade agreement. This may help incentivize leaders in both Tokyo and Seoul to avert future downward spirals in the relationship, says Kyle Ferrier.

https://thediplomat.com/2020/11/could-rcep-help-improve-south-korea-japan-relations/

As a byproduct of the mega-deal, Seoul and Tokyo are now bound by their first ever shared free trade agreement.

#KoreanHistoryToday: A North Korean agent hijacks Korean Air Lines plane YS-11 in 1969. 4 crewmembers and 45 passengers ...
12/11/2020

#KoreanHistoryToday: A North Korean agent hijacks Korean Air Lines plane YS-11 in 1969. 4 crewmembers and 45 passengers on board were taken to North Korea. Although many were returned two months later, the crew and 7 passengers remain in North Korea to this day.

12/10/2020
A Conversation with Ambassador Cho Hyun,Permanent Representative of the Republic of Korea to the UN

UN is a critical player on the Korean Peninsula, but Amb. Cho Hyun reminds audiences that South Korea is also an active player in the UN. South Korea is the second-largest contributor of volunteers and fourth-largest contributor to UNICEF.

https://youtu.be/wAlYw0PPQbk

Join Ambassador Cho Hyun and KEI President Kathleen Stephens for a conversation about Korea and the United Nations, reflecting on the UN's important history ...

Was RCEP a coup for China? Not as much as you think, says Kyle Ferrier. Under Joe Biden, the US has an opportunity to tu...
12/10/2020
Beijing wins in RCEP, but despite itself

Was RCEP a coup for China? Not as much as you think, says Kyle Ferrier.

Under Joe Biden, the US has an opportunity to turn the corner, while China continues to rely on economic coercion.

https://asiatimes.com/2020/11/beijing-wins-in-rcep-but-despite-itself/

While it makes for good headlines, framing the signing of the Regional Comprehensive Economic Partnership (RCEP) as a coup for China is misleading. This implies the deal was orchestrated by Beijing…

#KoreanHistoryToday: Effort to form a unified government in newly liberated Korea falls apart with the dissolution of th...
12/10/2020

#KoreanHistoryToday: Effort to form a unified government in newly liberated Korea falls apart with the dissolution of the Left-Right Coalition Committee in 1947. The dissolution of the US-Soviet Joint Commission and growing internal frictions were immediate causes of the failure.

What are we to make of China's commemoration of its entry into the Korean War? Yun Sun tells us that it says a lot about...
12/09/2020
China’s High-Volume Korean War CommemorationA Conversation with Yun Sun | November 2, 2020

What are we to make of China's commemoration of its entry into the Korean War? Yun Sun tells us that it says a lot about how Xi Jinping wants Chinese people to see their place in the region and the country's "destiny" to resist the United States.

https://youtu.be/bb1U4FMCztA

Join Yun Sun and Mark Tokola for a conversation about China’s unprecedented 70th anniversary commemoration of its entry into the Korean War. Why has China ch...

The finished RCEP agreement is a very welcomed development for Korea, but its companies may still not enjoy a level play...
12/09/2020
What Will RCEP Mean for South Korea? - Korea Economic Institute of America

The finished RCEP agreement is a very welcomed development for Korea, but its companies may still not enjoy a level playing field in the region without more ambitious rules on labor, competition, environment, etc.

A new piece from Fellow Kyle Ferrier and intern Sophie Joo.

#PeninsulaBlog
https://keia.org/the-peninsula/what-will-rcep-mean-for-south-korea/

RCEP will be the largest free trade agreement in Asia and is expected to create new opportunities for growth, including for South Korea.

#KoreanHistoryToday: In response to evidence pointing to a cash-for-influence scheme, the National Assembly passes the m...
12/09/2020

#KoreanHistoryToday: In response to evidence pointing to a cash-for-influence scheme, the National Assembly passes the motion to impeach President Park Geun-hye by a vote of 234 to 56 in 2016. The Constitutional Court upheld the impeachment on March 10, 2017.

Why are there fewer South Korean students in the US? Will the numbers recover after Pres. Trump? Stephanie Kim points ou...
12/08/2020
Why are Fewer South Koreans Studying in the U.S.? | October 23, 2020

Why are there fewer South Korean students in the US? Will the numbers recover after Pres. Trump?

Stephanie Kim points out that Korean students are responding to the new global educational market - and US policies can help continue attracting students.

https://youtu.be/sXwdHpOLrjM

Commentators have pointed to the “Trump Effect” for falling international student enrollment in the U.S. higher education sector. When taking a closer look a...

Biden’s less confrontational approach to the global trade order could benefit the South Korean economy as the country's ...
12/08/2020
What Does Biden’s Election Win Mean for the South Korean Economy?

Biden’s less confrontational approach to the global trade order could benefit the South Korean economy as the country's economic success is intertwined with the rules and norms governing open international markets, says Kyle Ferrier.

https://thediplomat.com/2020/11/what-does-bidens-election-win-mean-for-the-south-korean-economy/

The Biden administration will have important ramifications for U.S.-South Korea economics ties, from the KORUS FTA to the TPP.

#KoreanHistoryToday: The Kingdom of Joseon persecutes Christians for the first time in 1791 when two nobles refuse to ho...
12/08/2020

#KoreanHistoryToday: The Kingdom of Joseon persecutes Christians for the first time in 1791 when two nobles refuse to hold Confucian funeral rites for their parents in accordance with an edict from Beijing Bishop Alexandre de Gouvea.

Should U.S. troops remain in South Korea? Does economic cooperation with Korea benefit the U.S.? These are some of the q...
12/07/2020
YouGov Survey on American Attitudes Towards the Korean Peninsula | October 1, 2020

Should U.S. troops remain in South Korea? Does economic cooperation with Korea benefit the U.S.? These are some of the questions that KEI tackled in a recent survey with YouGov.

What does it mean for the incoming Biden administration?

https://youtu.be/zmYQvcg6fu4

Shortly after the end of the Korean War in 1953 the United States and South Korea signed their Mutual Defense Treaty. On the 67th anniversary of the Mutual D...

What can Korea expect from Biden, given the many crises and challenges he faces at home and abroad? "Biden attaches grea...
12/07/2020
Some post-election thoughts

What can Korea expect from Biden, given the many crises and challenges he faces at home and abroad?

"Biden attaches great importance to alliances and to shared values. But this means he could ask more of South Korea, not less," says Ambassador Kathleen Stephens.

https://koreajoongangdaily.joins.com/2020/11/30/opinion/columns/Some-postelection-thoughts/20201130195607579.html

It was only a couple of Saturdays ago that I was walking, masked of course, on a gorgeous autumn day along a Washington street lined with gingko trees aflame in gold, four days after the Nov. 3 general election, when I heard the...

#KoreanHistoryToday: Parents who felt that their children's recently-held middle school entrance exam was unfairly grade...
12/07/2020

#KoreanHistoryToday: Parents who felt that their children's recently-held middle school entrance exam was unfairly graded begin protesting in 1965, launching the "Radish Juice Controversy." This became emblematic of the country's overly competitive schooling environment.

#KoreanHistoryToday: Following the assassination of Park Chung-hee, Choi Kyu-hah is officially inaugurated as president ...
12/06/2020

#KoreanHistoryToday: Following the assassination of Park Chung-hee, Choi Kyu-hah is officially inaugurated as president in 1979. Choi intended to push for a new constitution that would restore democracy but his plans were thwarted by the military insurrection on December 12.

#KoreanHistoryToday: South Korea commemorates the country reaching USD 100 million in annual exports in 1964. This figur...
12/05/2020

#KoreanHistoryToday: South Korea commemorates the country reaching USD 100 million in annual exports in 1964. This figure will grow to $20 billion by 1981.

There have been many discussions in Washington D.C. and elsewhere about whether sanctions against North Korea are effect...
12/04/2020
Ethics of Sanctions on North Korea: A Conversation with Hazel Smith

There have been many discussions in Washington D.C. and elsewhere about whether sanctions against North Korea are effective, but fewer conversations on whether they are ethical.

Dr. Hazel Smith argues they are not.

https://youtu.be/RWBddu2_CN0

There have been many discussions in Washington D.C. and elsewhere about whether sanctions against North Korea are effective, but fewer conversations on wheth...

If the goal is to engage in constructive diplomacy, wouldn’t it be a good first step for the Americans and South Koreans...
12/04/2020
Are U.S.-ROK Military Exercises Unnecessary Provocations? - Korea Economic Institute of America

If the goal is to engage in constructive diplomacy, wouldn’t it be a good first step for the Americans and South Koreans to stop practicing for war?

Well, not really.

#PeninsulaBlog
https://keia.org/the-peninsula/are-u-s-rok-military-exercises-unnecessary-provocations/

Reasonable people might wonder if the North Korean may have a valid point when they complain that U.S.-ROK joint military exercises are unnecessarily provocative.

#KoreanHistoryToday: Reformists seize control of the Joseon government through a coup in 1884. They aim to abolish class...
12/04/2020

#KoreanHistoryToday: Reformists seize control of the Joseon government through a coup in 1884. They aim to abolish class privileges and accelerate modernization but are put down by reactionary forces after only 3 days.

12/03/2020
Korea and Australia’s Role in the Institutions of the Future: A Conversation with Gordon Flake

As countries contain COVID-19, attention will turn to the lackluster performance of existing international institutions during the crisis and how best to reform them.

What might be the potential role of South Korea and Australia in those reformed institutions?

https://youtu.be/GtgmEkExJgE

Professor Gordon Flake is the founding CEO of the Perth USAsia Centre at The University of Western Australia. He is one of Australia’s leading authorities on...

Biden has been a vocal advocate of United States allies, and he has supported international cooperation to deal with com...
12/03/2020
How Might Joe Biden as President Deal with Korea? - Korea Economic Institute of America

Biden has been a vocal advocate of United States allies, and he has supported international cooperation to deal with common international problems. This may mean the growth of US-Korea cooperation on common national security problems.

#PeninsulaBlog
https://keia.org/the-peninsula/how-might-joe-biden-as-president-deal-with-korea/

What could we expect President-elect Biden to do with regard to policy on North and South Korea when he moves into the Oval Office?

#KoreanHistoryToday: Former president Chun Doo-hwan is arrested in 1995 on charges of conspiracy and insurrection for hi...
12/03/2020

#KoreanHistoryToday: Former president Chun Doo-hwan is arrested in 1995 on charges of conspiracy and insurrection for his role in the 1979 coup d'etat and the violent repression of pro-democracy activists in Gwangju in 1980.

12/02/2020
Managing North Korea during COVID-19: A Conversation with Markus Garlauskas | July 21, 2020

COVID has had a significant impact on both countries and may be one factor in North Korean reluctance to resume negations with the United States.

How should the United States manage North Korea policy with the election behind us now?

https://youtu.be/xYV25XBXtM4

COVID-19 has become an unexpected variable in the U.S.-North Korea relationship. The virus has had a significant impact on both countries and may be one fact...

With the tariff reductions from the RCEP agreement, the South Korean economy is expected to grow an additional 0.41 to 0...
12/02/2020
What Will RCEP Mean for South Korea? - Korea Economic Institute of America

With the tariff reductions from the RCEP agreement, the South Korean economy is expected to grow an additional 0.41 to 0.62%. In addition, economists expect $4.2 to $6.8 billion gains in consumer welfare.

#PeninsulaBlog
https://keia.org/the-peninsula/what-will-rcep-mean-for-south-korea/

RCEP will be the largest free trade agreement in Asia and is expected to create new opportunities for growth, including for South Korea.

#KoreanHistoryToday: President-elect Dwight Eisenhower visits South Korea in 1952. Although he met with President Syngma...
12/02/2020

#KoreanHistoryToday: President-elect Dwight Eisenhower visits South Korea in 1952. Although he met with President Syngman Rhee who was determined to continue the war against North Korea, Eisenhower reaffirmed his view that the fighting had to come to an end as soon as possible.

12/01/2020
How to Better Understand North Korea: A Conversation with Andray Abrahamian

In April, Kim Jong-un disappeared from public view for three weeks. This led to wild rumors about his death. Of course, nothing happened.

Why are we so prone to these narratives? And what can we do to better approach the news from North Korea?

https://youtu.be/SFcHRPZFKR8

In April Kim Jong-un disappeared from public view for three weeks. This is not the first time that Kim Jong-un has disappeared for an extended period of time...

“Because North Korea has over the last 20 years steadily increased its nuclear missile arsenal, I think that some of the...
12/01/2020
Kim Jong-un and his nuclear arsenal add to Biden’s list of challenges

“Because North Korea has over the last 20 years steadily increased its nuclear missile arsenal, I think that some of the approaches to denuclearization that could have worked in the past aren’t possible now,” says Ambassador Stephens.

https://www.scmp.com/news/china/article/3110563/kim-jong-un-and-north-koreas-nuclear-arsenal-add-joe-bidens-list

Analysts are sceptical that a Biden administration will succeed where previous ones, from both political parties, have failed.

#KoreanHistoryToday: Regular ferry service between Korea and Japan resumes in 1960. 15 years after the end of the Second...
12/01/2020

#KoreanHistoryToday: Regular ferry service between Korea and Japan resumes in 1960. 15 years after the end of the Second World War, the ferry line between Busan and Fukuoka was reestablished.

11/30/2020

Relations between Japan and South Korea were described during 2019 as being at their worst in the post-war era. Professor Alexis Dudden joins us for a discussion on future prospects for Korean-Japanese relations and the role of the United States.

https://youtu.be/JUKnEmYC1JE

While it makes for good headlines, framing the signing of RCEP as a coup for China against the US is misleading, says Ky...
11/30/2020
Beijing wins in RCEP, but despite itself

While it makes for good headlines, framing the signing of RCEP as a coup for China against the US is misleading, says Kyle Ferrier. Beijing's various self-defeating endeavors keep the bar low for US engagement in the Asia-Pacific.

https://asiatimes.com/2020/11/beijing-wins-in-rcep-but-despite-itself/

While it makes for good headlines, framing the signing of the Regional Comprehensive Economic Partnership (RCEP) as a coup for China is misleading. This implies the deal was orchestrated by Beijing…

#KoreanHistoryToday: South Korea agrees to lend 70,000 tons of rice to Indonesia in 1977.  This commercial agreement act...
11/30/2020

#KoreanHistoryToday: South Korea agrees to lend 70,000 tons of rice to Indonesia in 1977. This commercial agreement acted as an advertisement for Korea's robust agricultural output, leading to new markets for Korean cereal in the Middle East.

#KoreanHistoryToday: North Korean agents detonated a bomb on board Korean Air Flight 858 (en route to Seoul from Baghdad...
11/29/2020

#KoreanHistoryToday: North Korean agents detonated a bomb on board Korean Air Flight 858 (en route to Seoul from Baghdad) in 1987, killing all 115 onboard. This act of terror was attributed to Pyongyang's effort to disrupt the upcoming 1988 Seoul Olympics.

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ABRAHAM, ISSAC JACOB, ISHMEAL.
Olivier Jean Blanchard is a genius who has spent his life in his work as a prominent global economics consultant . he is number one economist . Olivier works 24 hours 7 days every week and he deserves a Nobel prize . his cleverness is stunning . this is why I want to invite all those who know Olivier and also all those who have worked with him to nominate Olivier Jean Blanchard for a Nobel prize in economics . by miss Sherien Hussein Hàmmady - IMG agent since january in 2003 - postbox 35 dokky giza cairo egypt .
Olivier Jean Blanchard is a genius who has spent his life in his work as a prominent global economics consultant . he is number one economist . Olivier works 24 hours 7 days every week and he deserves a Nobel prize . his cleverness is stunning . this is why I want to invite all those who know Olivier and also all those who have worked with him to nominate Olivier Jean Blanchard for a Nobel prize in economics . by miss Sherien Hussein Hàmmady - IMG agent since january in 2003 - postbox 35 dokky giza cairo egypt .
(to the admin: please notify me if this post goes against your organisation's rules) Dear fellow scholars, Hello. My name is Erwin Tan, I hold the position of Associate Professor at the Graduate School of International and Area Studies, Hankuk University of Foreign Studies. I am also a member of the Executive Committee of the Korean International Studies Association (KISA). In this capacity, it is my honour to announce a call for papers for the forthcoming KISA Conference, ‘The Transformation of International Institutions and Regimes: Global, Regional, and Local Aspects’,to be held in Seoul on 22-23 November. (for further details, please see the attached file) The deadline for submission of your paper is: 15 October, 2019. My KISA colleagues and I look forward to your paper proposals and participation at the KISA convention. If you are interested, please submit a brief biography of yourself, and abstracts of your proposed presentation to: [[email protected]](mailto:[email protected]) or [[email protected]](mailto:[email protected]). Warm regards, Erwin Tan
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