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Korea’s Economy Volume 32

9 Publications

North Korea's Advanced Technologies

The Democratic People’s Republic of Korea (hereinafter DPRK or North Korea) has been pursuing technological development in a very different way from the standard path of global technology growth due to its unique historical background and other factors and sought to develop its own science and technology to establish a…

South Korea’s Climate Change Policy: Achievements And Tasks Ahead

South Korea has accelerated its efforts over the years to address the issue of climate change and join the global community’s collaborative climate action. As a middle-power country, South Korea has the unique opportunity to become an influential actor in the global effort to combat climate change. This article introduces…

Challenges for Korea in Planning for Net Zero Emissions by 2050

In recent years, South Korea has been addressing climate change, including through investments in hydrogen, the Green New Deal, and international pledges to cut emissions by 40 percent from 2018 by 2030. Former President Moon Jae-in announced in 2020 that South Korea would commit to becoming carbon neutral by 2050.…

The Impacts of Economic Sanctions and COVID-19 on the North Korean Economy: 2017-2020

In recent years, North Korea has faced economic shocks from UN sanctions and the pandemic. As Dr. Jongkyu Lee (Senior Fellow at the Korea Development Institute) writes in his new article for Korea’s Economy,  the impact on non-sanctioned items from border closures to prevent the entry of COVID-19 has proven…

Korea's Recent Trade Performance in Response to External Development

In this new article of KEI’s Korea’s Economy,  Dr. Bark Taeho (President of the Global Commerce Institute of Lee & Ko and Former Minister for Trade) notes that Korea has faced several challenges in the past few years. These include China’s response to the deployment of the U.S. anti-missile defense system…

Digitalization in South Korea: A Path to a Better Shared Prosperity?

Digitalization could open a new era of growth for Korea. Previous expansion waves, based on traditional industries, have fostered export-led growth and placed Korea among the world’s top ten economies. However, divides between industry and services, large and small firms, and regular and non-regular workers have widened. The economy was…