Total Index: 6330 publications.
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After an initial surge in cases, Korea was less seriously affected by the COVID-19 virus than other countries, but the subsequent recovery was relatively mild. The negative effect was concentrated among low-income earners such as temporary, low-skilled, and small company workers, worsening income distribution. Expansionary monetary and fiscal policies contributed…
This paper argues that the impact of Hallyu (the Korean Wave) on the Korean economy has only been effective in boosting related sectors, such as cosmetics, fashion, and tourism. Interestingly, the Korean government has tried to take credit for the emergence of the Korean Wave and has exaggerated its economic…
Korea is pursuing a bold strategy in an effort to achieve a paradigm shift that results in a fair economy. Some of its major initiatives – notably sharp increases in public employment and social spending and a hike in the corporate income tax rate – run counter to trends in…