South Korea

This article was published in East Asia Form on February 24, 2024. After expanding by 2.6 per cent in 2022, South Korea’s economy cooled in 2023. Waning global demand for South…

This article was published in The National Interest on January 30, 2024. The trends driving the U.S.-ROK alliance to enhance cooperation around extended deterrence and establish the Nuclear Consultative Group…

This article was published on The  Diplomat on October 2, 2023 On October 1, the United States and South Korea marked the 70th anniversary of their security alliance. For much…

This article was published on The Asan Forum on September 4, 2023. The first ever stand-alone leader-level summit at Camp David between President Biden, Prime Minister Fumio Kishida of Japan,…

By Troy Stangarone Last week we took a look at how Korea’s economy has performed relative to the BRIC economies – Brazil, Russia, India, and China – since the global financial crisis hit in the fall of 2008. This week we shift our attention to the G-20. When the crisis hit in the fall of…

By Kristen Lee During the 1960’s under President Park Chung-hee’s economic stewardship, the founders of today’s chaebol facilitated South Korea’s recovery after the war. These huge family-led business conglomerates became the foundation of the Korean economy and an integral part of Korea’s export-oriented growth. This rapid economic development, known as the “Miracle on the Han…

By Troy Stangarone In the aftermath of last spring’s shutdown of the Kaesong Industrial Complex, the Park administration has sought international investment to serve as a bulwark against future actions by North Korea that would endanger Kaesong’s operations. While finding ways to raise the cost of a future shutdown for North Korea is a sensible…

By Troy Stangarone Economic analysts are always trying to predict the next hot economy and coin a popular phrase to back up their claim. Perhaps one of the most successful was Goldman Sachs, which famously coined the term BRICs in 2001 to draw attention to the long-term economic potential of Brazil, Russia, China, and India…