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  • south korea

    North Korea Escalates Threats

    Pyongyang has accused the U.S. and South Korea of using the ongoing annual joint military exercise Key Resolve/Foal Eagle as preparations to mount a preemptive attack on North Korea. Pyongyang warns that “a war may break out any moment due to the reckless policy of confrontation” pursued by the U.S. … More

    Morning Bell: A Trade Free Zone

    Barack Obama has frequently called the North American Free Trade Agreement (NAFTA) “a bad deal.” During one Democratic primary debate, Obama even said he would unilaterally “use the hammer of a potential opt-out” to “renegotiate” the entire treaty. But after he secured the nomination, Obama changed his tune, admitting that … More

    Remedying the Disparity in the U.S.-Korea Alliance

    Congress yesterday approved legislation to upgrade South Korea’s military procurement status to equal that of members of NATO, Australia, Japan and New Zealand (“NATO+3”). The legislation, authored by Rep. Ed Royce (R-CA), is expected to be signed by President Bush within the next few days. With this action, Congress has … More

    Rising Oil Prices Affect Militaries

    How far would you go to save money at the gas pump? Would you calculate the precise amount of fuel required for the daily commute? Would you remove the air conditioning system, extra seats and other unnecessary weight from your car that lowers MPG? If your gas bill were $4.7 … More

    Free Trade Fact of the Day

    The Seoul Times includes the following facts in their report on the current state of the South Korea Free Trade Agreement: Democratic presidential front-runner Barack Obama in a letter released on Friday warned of a major fight over a free trade agreement with South Korea if President George W. Bush … More

    Free Trade Fact of the Day

    A recent agreement between the U.S. and South Korea on beef imports has some business leaders thinking the U.S.-South Korea Free Trade Agreement may earn congressional approval soon. They should not get their hopes up. The union-owned Congress currently in power has made it clear they will not be approving … More

    Free Trade Essential for Economic Growth

    In his final State of the Union address, the President not only raised the politically contentious issue of making tangible progress on advancing pending free trade initiatives, but also highlighted the importance of freer trade in helping America weather today’s economic turbulence and in promoting American competitiveness in the future. … More

    Trade and Peace in Colombia

    The President made a good case for congressional approval of the three pending trade agreements with South Korea, Colombia and Panama and their nearly 100 million customers. It was smart to frame the issue in terms of the many benefits these agreements will give to American workers “to compete with … More