The Hidden Costs of President Moon’s Minimum Wage Policy
In July 2017, South Korea’s Minimum Wage Commission finalized the decision to increase the country’s minimum wage by 16 percent to 7,530 won ($6.60) per hour in 2018.
Korea Passing: Seoul’s New Foreign Policy Concern
The expression “Korea Passing” is being used more frequently these days as North Korea and the U.S. are talking mostly to each other.
Growing Role of FDI from Korea in Providing Opportunity and High-Paying Jobs for America
South Korea continues to demonstrate its confidence in America by once again in 2016 increasing its holdings of $38.8 billion in investments at U.S.-based companies, nearly double the level the year prior to the implementation of the Korea-U.S. Free Trade Agreement (KORUS FTA) in 2011.
North Korea Loses More Friends and Trading Partners
In back-to-back announcements, both Peru and Mexico announced that they would be expelling the North Korean ambassador from their countries, although they stopped short of cutting off diplomatic ties altogether.
Les Présidents: Moon Jae-in, Charles de Gaulle, and the 360 Presidency
One contextual parallel between the two presidents is that Moon and de Gaulle both came to power following a domestic political crisis.
Korean AI Market Competition Heats Up
Elon Musk tweeted that AI has “vastly more risk than North Korea.” So, it may be ironic that Korean companies are so eager to apply AI into their services.
Provoking the Market: Investors More Worried about Washington’s Response than Pyongyang’s Provocations
Analysts have attributed recent market downturns to North Korean provocations, but investors seem to be reacting more negatively to responses from the Trump administration.
No Reason to Withdraw from the KORUS FTA
Rumors flooded Washington over the Labor Day holiday weekend that the U.S. would soon withdraw from the Korea-U.S. Free Trade Agreement (KORUS FTA).
Korea Unveils Ambitious Plans for “Mooncare”
On August 9, right before hitting his 100th day in office, Korean President Moon Jae-In unveiled his plan to expand Korea’s already extensive healthcare system, a proposal quickly dubbed “Mooncare.”
Benefits of KORUS FTA Not Eclipsed by the Trade Deficit
Much has changed since President Trump first raised his concerns about the KORUS FTA,