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The Korea Economic Institute (KEI) was established in 1982 as a not-for-profit educational organization to promote economic dialogue and understanding between the United States and Korea. KEI's mission is three-fold: educating Americans on the bilateral relationship and developments in Korea; serving as a resource center for information on Korean economic and political trends; and keeping Korean research and policy officials abreast of issues and developments of interest to Korea. KEI accomplishes its mission by coordinating public programs in the United States, and by routinely sending reports to its parent institute, the Korea Institute for International Economic Policy (KIEP), a Korean government-sponsored research institute in Seoul.