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 Jenna Gibson It’s official – new numbers from March confirm that China’s THAAD retaliation has significantly cut into South Korea’s tourism industry. According to new data released today by the Korea Tourism Organization, the number of Chinese tourists arriving in South Korea fell 40 percent year-on-year in March 2017. Only 360,782 Chinese visitors came…

This is the first in a series of blogs looking at South Korea's foreign relations in the run up to the next Korean administration taking office on May 10. The series also includes blogs on relations with North Korea, the United States, Japan, Russia, the European Union, the Middle East, ASEAN, Africa, and Latin America. By Mark…

By Patrick Niceforo Late last year, the Bank of Korea (BoK), South Korea’s central bank, announced its plans for a “Cashless Society,” which first and foremost means getting rid of coins by 2020. A proposed method for gradually removing coins from circulation is encouraging travelers in South Korea to deposit their change onto their T-Money cards,…

 By Kyle Ferrier The Federal Reserve’s move to increase its benchmark interest rate hardly came as a surprise. Though the March 15 rate increase is only the third since the Global Financial Crisis of 2008, it is the second in three months and we are likely to see at least two more incremental rises this…