Economics

This article was published on The Korea Times on August 16, 2023. For much of the past year there has been a focus on how the CHIPS and Science Act…

This article was published in The Korea Times on June 14, 2023. The decision by the Cyberspace Administration of China to ban Micron Technology’s semiconductors in Chinese infrastructure has put…

By William Brown Some in Washington and elsewhere continue to think sanctions pressures are easing on North Korea, and that Marshal Kim heads into his second summit with President Trump in a strong position.  We face a lot of uncertainties when it comes to North Korea, but Kim is probably not going to Vietnam with the…

By Haram Chung Critics have pointed to the Moon government’s income-led growth strategy, specifically the two-digit percentage increase in the minimum wage, as the source of the difficulties facing the country’s small and medium enterprises (SMEs). While the increase in minimum wage may have raised operational costs for small businesses, it is far from being…

By Yea Ji Nam In December 2018, close to a hundred thousand taxi drivers took to the streets around the National Assembly to protest against the launch of a mobile ride-sharing service from Kakao Mobility. Amid these rolling protests, two elderly taxi drivers set themselves on fire to bring attention to the challenges facing Korea’s…

By Liberty Smith President Moon Jae In’s drive to create “an inclusive economy” is an ambitious objective, especially as the Korean government is simultaneously engaged in intense negotiations with North Korea and the United States. Faced with slowing growth, rising income inequality, and high youth unemployment, Moon pledged to revitalize the drivers of the economy…