[Export Control Regime] New Frontiers in the ROK-U.S. Economic Security Relationship

New Frontiers in the ROK-U.S. Economic Security Relationship 

Emily Benson CSIS

► The expanded U.S. use of export controls on advanced AI chips to China, originally unveiled on October 7, 2022 and updated on October 17, 2023, signals a profound shift in the U.S. use of national security trade tools and simultaneously invites a host of other questions about the suitability of current trade and economic rules to govern this new technology-driven economic security era.

► Integral to this new era is the need to identify ways to offset costs incurred from the expanded use of trade-restricting tools.

► Using export controls and investment screening policies as a foundation for cooperation, the United States and Republic of Korea – together with other close partners – can scale up advanced technologies and better enable technology alliances to “run faster” in the geoeconomic race.

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