Since its passage in August, the Inflation Reduction Act (IRA) has been a significant source of tension between the United States and Korea. While designed to reduce U.S. emissions of greenhouse gases by nearly 40 percent by 2030, the tools the Act uses to promote the domestic sale of electric vehicles (EVs) to achieve those objectives have caused concern in Korea and among other U.S. trading partners
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I m often asked how South Korea should manage relations with China. It s a complex question. One that often requires deeper answers than can come in an interview or on the sidelines of a conference. Given that complexity, it is perhaps better to think about what are the key issues that should be considered when thinking about managing relations with China rather than what is the best specific policy approach.
Earlier this month, the Korea Economic Institute, along with partners in South Korea and the European Union held a conference at George Washing University to discuss the potential for trilateral trade cooperation between the United States, South Korea and the European Union. While there are obstacles to deeper U.S.-Korea-EU cooperation, the general consensus was that there are real opportunities.