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Korean and American policymakers and scholars at the 1995 meeting of the Korea-United States Twenty-First Century Council explored new dilemmas and opportunities presented by recent developments in Korea. In this volume they examine reunification, the impact of North Korean-US nuclear accord, trade frictions between Korea and the United States, and the role the two countries could play in the Asia Pacific, particularly through the Asia Pacific Economic Cooperation forum.
Since late 2008, relations between the United States and South Korea have been arguably at their best state in decades. By the middle of 2010, in the view of many in the Obama Administration, South Korea had emerged as the United States' closest ally in East Asia. This new book examines U.S.-South Korea relations; the EU-South Korea Free Trade Agreement and its implications for the United States; the issues surrounding the U.S.-South Korea beef dispute; the Kaesong North-South Korean Industrial complex and major policy considerations for the U.S. and South Korean cooperation in the world nuclear energy market.
South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.
South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.
Free Trade Agreements (FTA) have played a leading role in the liberalization of the international economic order. It has assisted the strengthening of international partnerships with economic interests combined with political motivation. After the Cold War, the United States seized the opportunity to rise as the world’s sole hegemonic power 1. Introduction 2. Background of the KORUS and ROK-China FTAs A. The United States and China’s FTA Strategies B. Strategic Impact of the KORUS and ROK-China FTAs 3. FTA and the Korean Peninsula A. Direction of South Korea’s FTA Strategy B. Political Situation in Northeast Asia and Direction for South Korea’s Future FTAs 4. Strategic Considerations
South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.