Asia

In recent years, North Korea has faced economic shocks from UN sanctions and the pandemic. As Dr. Jongkyu Lee (Senior Fellow at the Korea Development Institute) writes in his new…

Following a record number of North Korean missile launches, as well as tests by South Korea, assertions have been widely and uncritically made that Seoul is participating in an inter-Korean…

Although the Korean Peninsula has been divided for over 70 years, North and South have not been able to make lasting progress in terms of reconciliation. While there are multiple…

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

Despite being industrial powerhouses, Korea and Japan are both resource-poor nations with limited domestic sources of energy. Powering their economies required both to develop supply chains for fossil fuels, nuclear…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

Last December, South Korea and Vietnam commemorated their 30th diplomatic anniversary by upgrading the bilateral relations from a ‘strategic partnership’ to a ‘comprehensive and strategic partnership (CSP).’ South Korea represents a notable case as the first middle power to establish such relations with Vietnam, following China, Russia, and India. While economic, technological, and security cooperation…

March saw President Yoon Suk Yeol make significant efforts to realize his campaign goal of rehabilitating relations with Japan. After a trip to Tōkyō to meet with Prime Minister Kishida Fumio, the president told his Cabinet that the two countries must look towards the future. “Korea-Japan relations can and must be a win-win relationship that…

On March 30, the South Korean Ministry of Unification published a 450-page report on human rights abuses in North Korea.  The report was drafted in accordance with the provisions of South Korea’s North Korea Human Rights Act of 2016, which specifies that the Ministry of Unification shall produce an annual report on human rights in…

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…