Economics

In 2010, a group of Asian countries made major strides toward economic integration with the launch of the Chang Mai Initiative Multilateralization. This currency swap arrangement has had a major…

This week our guest is noted scholar and North Korea watcher Dr. Stephan Haggard. Dr. Haggard is a Professor of Korea-Pacific Studies and director of the Korea-Pacific Program at the…

At KEI, we mainly focus on the relationship between the United States and South Korea, and their approaches toward North Korea. This week, we're taking a different look at the…

Last week, we looked at the details of the new US and UN sanctions against North Korea, delving into the new measures to get at Pyongyang's funding. But will they…

The OECD’s March Interim Economic Outlook projects that Korea’s real GDP will increase by 1.6% in 2023, matching the Bank of Korea’s February forecast. The new projection is a slight downward revision from the OECD’s November 2022 outlook in the context of below-trend global economic growth. The impact of the war in Ukraine and high…

One of the most exciting corporate drama in recent memory has unfolded in South Korea’s business world, complete with a founder accused of siphoning money, activist shareholders making waves, intra-family drama, and industry titans battling for pole position. Best of all, it involves SM Entertainment (SME), the production company  widely credited with the creation of…

In early February, advancing cooperation in space was one of the topics discussed between Korea and the United States. “We agreed that space is the next frontier in our expanding partnership,” said Foreign Minister Park Jin after meeting with his counterpart on February 3rd in DC. His remarks built on President Yoon Suk Yeol’s vision…

This is the first in a two part series looking at Korea’s Indo-Pacific Strategy and the Indo-Pacific Strategies of other governments. The second part can be found here. Over the past five years, Australia, Japan, the United States, the European Union, France, Canada, and South Korea, among others, have published separate Indo-Pacific strategies. Comparing them…

As disruptions in supply chains continue, what practical steps can the U.S. and Korea take to strengthen supply chains against future crises?