South Korea’s bid to host the 2030 World Expo in Busan is part of the national agenda. In its efforts to win the expo, Seoul is looking to leverage its strengths, including its business networks and naming BTS as official ambassadors, to make up ground in what may be a long shot bid against the…
September 9, 2022
On July 4, the foreign ministers of South Korea and Mexico agreed to expand economic cooperation. Building on the resumption of free trade agreement negotiations earlier this year, the two nations emphasized economic security and supply chains as areas for increased collaboration. In addition to directly responding to global concerns over the COVID-19 pandemic’s ongoing…
July 24, 2022
South Korea’s National Police Agency hosted the second annual Korea-ASEAN International Crime Capacity Building Program between July 4 and 15, 2022. Ongoing efforts to transfer policing know-how to participating Southeast Asian countries supported the previous administration’s initiative to bolster ties with the region. It also represented South Korea’s use of its good governance record to…
July 10, 2022
As of June, South Korea’s gasoline prices increased 31% from last year. The country’s complete dependence on imports means that it is not only extremely sensitive to global shocks in supply but also shifts in the South Korean won’s (KRW) exchange rate. Foremost, Russia’s invasion of Ukraine negatively affected the global supply of energy. Russian…