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Insight 2006

12 Publications

Developments in Korea's Overseas Foreign Direct Investments

While foreign direct investment (FDI) into South Korea has been waning, outward Korean investment has been robust over the past year. According to The Korea Times, foreign investment in Korea through September of this year totaled $7.5 billion, decreasing two percent from the same period last year. The cumulative outward…

North Korea: A Challenge, the Response, and Resurrection of Talks

October witnessed significant developments in the struggle to find a resolution to North Korea’s nuclear program. · On October 9, the DPRK tested a nuclear device. · On October 14, the UN Security Council passed Resolution 1718 condemning the test and calling on UN members to block the supply of…

Bush-Roh Summit: Exceeding Expectations?

This past June, President Bush made a series of telephone calls to leaders in the region calling on them to use their influence with Pyongyang in an effort to halt North Korean preparations to launch a Taepo Dong missile. When the news media pointed out that Bush had not called…

Labor Flexibility, A Key to Economic Success

Korea’s labor unions are known for their militancy. This characteristic is believed to be the result of past political repression and perceived economic inequality. Since the 1960s, Korea has achieved remarkable economic growth, due mainly to cheap labor and diligent and skilled workers. The government emphasized a “development first and…

Recent Developments in Korea’s IT Industry

A successful KORUS FTA could position Korea among the top three electronics manufacturing countries, according to a senior researcher from the Korea Institute for Industrial Economics. The Korea Herald cited Joo Dae-young as saying that an FTA with the United States would give Korea (which currently ranks fourth in terms…

Ambassadors Connect with America

In a speaking tour to seven major U.S. cities during May 3 through May 11, the Ambassador of the Republic of Korea to the United States and the Ambassador of the United States to Korea described to highly interested audiences the common values and policies that underlie the alliance between…