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In October 2006, Kim Jong-il’s North Korea again seized international attention. With its claimed underground nuclear test, Pyongyang upped the ante in its confrontation with the United States and the…
When Kim Jong-il died in 2011, the world held its breath as North Korea entered uncharted waters. No other communist dictatorship in the last century – for that matter no…
The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…
North Korea’s ambassador to the United Nations Kim Song demanded that the United States release a North Korean vessel that is currently held by authorities in American Samoa, warning that…
It’s been nearly one year since the Singapore Summit between President Trump and Kim Jong-un and the two countries are at an impasse. North Korea signals no intention of giving…
By Jeffrey Robertson When the Lee Myung-Bak administration took office in February 2008, the public’s mood shifted quickly. By the end of June 2008, people were on the streets in protest, including more than 80,000 in a single night’s candlelight vigil; the entire cabinet had offered its resignation; and Lee Myung-Bak’s approval ratings had fallen…
By Nicholas Hamisevicz Earlier this week the United Nations Security Council (UNSC) finally responded to North Korea’s December 12th rocket launch with a new resolution. Predictably, North Korea reacted angrily with statements, including one attributed to its National Defense Commission (NDC). The NDC statement specifically targeted the United States as a problem and as a…
By Nicholas Hamisevicz, Chad O’Carroll, Seongjin James Ahn, and Troy Stangarone Last year saw a series of significant events on the Korean peninsula. The year concluded with the historic election of South Korea’s first female president, Park Geun-hye, and North Korea’s successful missile launch into space. In 2012, we also saw the implementation of the…
By Seongjin James Ahn While some were disappointed earlier this month that South Korea’s central bank decided against easing up on nation’s key interest rate, the Bank of Korea’s decision is exactly what the economy needs in this moment: prudence and restraint. Indeed, lowering the interest rate would have helped spur on South Korea’s economy…
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