Asia

This article investigates the progress in corporate governance reform in Korea since 1997 as well as current corporate governance challenges. It focuses on corporate governance issues and, as such, does…

According to a preliminary estimate by the Bank of Korea on 4 January 2008, Korea’s per capita gross domestic product (GDP) and per capita gross national income (GNI), which adjusts…

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together to meet international challenges. For…

The Democratic People’s Republic of Korea (henceforth North Korea) certainly seems to like being different from other countries. Whereas governments of virtually all the world’s countries regularly publish data on…

Every year on January 13, the Korea Economic Institute of America (KEI) sponsors a luncheon in Washington, DC to mark Korean American Day and recognize the local and national Korean…

In this episode of Korean Kontext, guest host Kyle Ferrier, KEI's director of academic affairs and research, sits down with Korea Society President Tom Byrne. Before joining the Korea Society…

It started in 2009 with a few audio lessons. Within just six years, Talk to Me in Korean has grown into a huge hit, with millions of listeners from all…

Since the death of Kim Il-sung in 1994 there have been numerous predictions that the collapse of the North Korean political system would be imminent, yet the Kim dynasty continues…

Last Thursday, Korean chipmaker SK Hynix made history by developing a 10-nanometer (nm) transistor process for 16 GB Double Data Rate 5 (DDR5), the latest iteration of dynamic random-access memory (DRAM) chips. By allowing for greater memory capacity and processing speeds for the corresponding central processing units (CPUs) that are used for cloud computation, this…

“You can either buy clothes or buy pictures.” (Gertrude Stein) The air will be filled with a different kind of buzz in Seoul this week as it hosts the third annual international art fair, Frieze Seoul. Over 110 leading art galleries worldwide will assemble for four days at the COEX Convention and Exhibition Center in…

The public sector financed 76 percent of healthcare in OECD countries in 2021 using compulsory health insurance and government programs (Figure 1, Panel A). Korea is an outlier in this regard, as only 62.3 percent of its health expenditures were covered through mandatory financing schemes. The low share of mandatory financing in Korea was offset…

The overwhelming majority of refugees who flee North Korea are generally those who live in border areas adjacent to China and do not have prominent government or economic positions. Few are from Pyongyang because it is very difficult for citizens to travel within the country unless police and internal security officials approve the travel. Meanwhile,…