Asia

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 Economic Cooperation and Development (OECD)…

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 reverberated through the Korean financial…

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 prices in the United States…

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 to Asia. This is reflected…

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.…

By Kyle Ferrier North Korean provocations are generally accepted to have a minimal impact on South Korea’s economy, yet in early 2016 these geopolitical risks have corresponded with losses in Seoul. South Korea’s stock exchanges, tracked by the KOSPI Index, closed 0.26% lower on January 6, the day of the claimed hydrogen bomb test, but…

By Jenna Gibson Before getting into the list, please keep a few things in mind. First, the term “North Korean defectors” is a controversial one. In Korean, various terms have been used to refer to people who left North Korea, reflecting both politics and the shifting demographics of those fleeing. In 2005, South Korea’s Ministry…

By Junil Kim Known equally for inducing both sighs and groans from hopeful and jaded people worldwide, Valentine’s Day is just around the corner on February 14th. If the mere thought of Valentine’s Day is more headache-inducing than swoon-worthy, you could consider the wider array of South Korea’s romantically themed holidays. It doesn’t take an…

By Mark Tokola Make no mistake, South Korea’s shuttering of the Kaesong Industrial Complex (KIC) which it had operated just across the border in North Korea since 2004 is a big deal.  Far from being a commercial venture of marginal overall economic importance to the two countries, it has been a powerful symbol that no…