November 17, 2021
Economy

Several downsides to economic cooperation between US and South Korea



When the leaders of and the met last month, was only the second foreign leader to visit the White House during the Biden administration. It was a signal of how important Asia is to the new president, as he tries to extricate the from various messes in the Middle East.


The summit featured the obligatory affirmation of the bilateral military alliance and the joint determination to denuclearize North Korea.





But the real motivation behind the summit was economic. As they rebound from last year’s COVID-19 downturn, the and are increasingly relying on each other to stabilize supply chains and grow their respective economies.


After the disastrously inept policies of the Trump administration – the initial row over trade, the…

Read full article here: www.business-standard.com