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On Korea: Academic Paper Series 2013

Publication: February 2014

On Korea Volume 7 - Full Version

On Korea vol 7 provides great examples of the breadth and depth of issues centered on Korea and those that affect the U.S.-Korea alliance. These papers are original pieces written exclusively for this volume, and most of the authors also present their findings at KEI before a Washington, DC policy…

Luxury Goods in North Korea: Tangible and Symbolic Importance to the Kim Jong-un Regime

The North Korean government pursues illicit avenues to satiate the appetites of its top leaders, continue to develop Pyongyang’s weapons programs, obtain currency, and strengthen the elite’s allegiance to the Kim regime. One such way the Kim Jong-un regime achieves these aims is through the acquisition of luxury goods. High-end…

Building a Creative Economy in South Korea: Analyzing the Plans and Possibilities for New Economic Growth

Though previous Korean governments have taken steps to support Korea’s transition to an advanced innovation-driven economy, the Park administration has significantly heightened the level of priority of these efforts in order to foster the innovation and new engines of economic growth that will drive Korea’s future prosperity. The success of…

East Asia at the Crossroads: A Comparative Study on Taiwan’s and Korea’s Reconciliation with Adversaries

Security and political issues over the Taiwan Strait and the Korean Peninsula remain as flashpoints in East Asia since WWII. The authors argue that economic interdependence, together with negotiations and the political will of top leaders to pursue peace and stability, create a virtuous circle across the Taiwan Strait. This…

South Korea’s Defense Industry: Increasing Domestic Capabilities and Global Opportunities

Since the end of the Korean War, the United States has been the largest supplier of defense systems to the Republic of Korea (ROK). The imperative of maintaining military interoperability with the U.S. armed forces often proved a decisive factor for ROK decision makers. However, ROK officials have tried to…

The Impact of Household Debt on Korea's Economy and Society

The topic of household debt has not only economic implications for consumers and the country as a whole, but it is also a significant factor affecting the social stability of its citizens. This problem also parallels the recent financial crises in the U.S., the aftermath of which still plagues its…