Economic Policy Reforms in the Lee Myung-Bak Administration
Between winning the election in December 2007 and taking office in February 2008, Lee Myungbak and his administration sketched out a massive reform program that…
Engagement on the Margins: Capacity Building in North Korea
The year 2008 saw a reversal of a long-lasting policy constellation in the international community visà- vis the Democratic People’s Republic of Korea (North Korea)….
Global Financial Crisis and the Korean Economy: Issues and Perspectives
The year 2008 will be recorded in world history as a year in which the global capitalist system was threatened as a consequence of the…
Korea’s Near-Term Economic Prospects and Challenges
Following several years of strong expansion, the Korean economy began losing momentum in the second half of 2008 in the wake of the stress engulfing…
North Korea and International Financial Organizations: Political and Economic Barriers to Cooperation
North Korea’s economy has been on the verge of collapse since the beginning of the second nuclear crisis in 2002 because of the international community’s…
Tax Reform in Korea
The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for…
The Wall Street Panic and the Korean Economy
There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news…
Impact of U.S. Financial and Economic Distress on South Korea
Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing…