Asia

The year 2006 witnessed increasing concern among both Americans and South Koreans that their alliance of more than 50 years might be in jeopardy. Differences between the two governments over…

Monetary and Exchange Rate Policy in Declining Centrally Planned Economies and in Early Transition Economies: Some Observations of North Korea

North Korean Economic Reform: An Uncertain Future for a Third-Way Exploration

China's Impact on the Korean Economy

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…

On June 25, 1950, North Korea launched a surprise invasion of South Korea and started a war that is still technically ongoing. But it was – as North Korea’s Kim…

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…

In May, The Korean-born Los Angeles Dodgers’ pitcher Ryu Hyun-jin was named The National League Pitcher of the Month. When you think of Asians and baseball, you might think first…

Contributors (last name alphabetical): Je Heon (James) Kim, Joo Young Kim This timeline is a second part of a series that covers “major events” in the aftermath of South Korean President Yoon Suk Yeol’s declaration of martial law on December 3, 2024. This part covers the events from Prime Minister Han Duck-soo’s assumption of the Acting Presidency until his impeachment. The timeline will periodically update in reverse…

Both North Korea and South Korea sought to redefine their relationship in 2024. In the past, both countries have publicly affirmed that the unification of the two Koreas is a national priority, but the two governments have engaged in low-level hostilities and high-level denunciations, while little concrete effort has been made to bring the two…

South Korea faced the prospect of political paralysis and a protracted constitutional crisis resulting from the declaration of martial law by President Yoon Suk Yeol and its dismissal hours later by a National Assembly resolution. On December 3, Yoon announced at 22:25 his intent to impose martial law “to eradicate pro-North Korea forces and protect…

If we thought North Korea and Russia grew too close for comfort in 2023, they continued to surprise the world this year by taking bold and unprecedented steps to elevate their relations to new heights. The highlights are the new “DPRK-Russia Treaty on Comprehensive Strategic Partnership,” signed during Putin’s visit to Pyongyang in June, and…