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…
Financial Asia Rising: Asian Stock Markets in the New Millennium
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs…
The Graying of Korea: Addressing the Challenges of Aging
This past year—2007—was another solid one for Korea’s economy. Buoyed by continued strong exports and a pickup in domestic demand, real GDP is estimated to…
The Roles of China and South Korea in North Korean Economic Change
The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take…
U.S.-Korea Economic Relations: A Washington Perspective
On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade…
Peering Into the Future: Korea’s Response to the New Trading Landscape
As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains…