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62 Posts located

Korea has long worked to maintain at least cordial relationships that balance its larger neighbors. The global U.S.-China competition is the newest iteration of the challenge, with Seoul’s most important ally on one side and its largest trading partner on the other. Although domestic sentiment is souring on China, experts suggest South Korean government officials…

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Region: Asia, North America

May 4, 2021

What Happened On April 19, the South Korean government launched a committee to monitor real estate issues and create new policy suggestions. The creation of the committee follows the ruling party’s defeat in the Seoul and Busan mayoral elections, which many partially attribute to the Moon administration’s inability to control property prices. Rising real estate prices are contributing to increased…

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Region: Asia

April 29, 2021

What Happened On April 12, President Biden met with 19 CEOs to discuss the ongoing semiconductor shortage and to build support for technology as a key component of the infrastructure. The White House promised a USD 50 billion investment in U.S. semiconductor manufacturing, seeking cooperation from global partners. During a similar summit in March, Biden discussed putting technology, such as semiconductors…

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Region: Asia, North America

April 23, 2021

What Happened During his visit to Iran, South Korean Prime Minister Chung Sye-kyun said that South Korea should “quickly return” the USD 7 billion in Iranian assets frozen as a result of U.S.-led sanctions. PM Chung also expressed South Korea’s willingness to provide Iran with humanitarian aid, and stated that Seoul would be willing to support future negotiations on…

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Region: Asia

April 21, 2021