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The New Northern Policy, proclaimed by the South Korean President Moon Jae-in in Vladivostok in September 2017, is designed to boost economic cooperation between Russia and South Korea. However, two…
The Trump administration’s increased emphasis on the cost of the U.S.-South Korea alliance has called into question its appreciation of Seoul’s contributions and raised concerns about the future of the…
South Korea’s deliberate liberalization of migration controls has facilitated the entry and stay of new types of residents from various ethnic, political, and national backgrounds. With this demographic shift comes…
Korea is pursuing a bold strategy in an effort to achieve a paradigm shift that results in a fair economy. Some of its major initiatives – notably sharp increases in…
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…
With the recent season finale of The Walking Dead and the broadcast of his visit to South Korea with talk show host Conan O'Brien this past weekend, we look back at our…
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…
The Yalu River floods have receded, but Kim Jong-un might still feel underwater. The North Korean won has fallen nearly in half against the US dollar in informal markets this month and similarly against the Chinese yuan, as reliably reported by Daily NK and Asia Press. This development suggests inflation is on the way in…
President Yoon Suk-yeol’s speech on the commemoration of Liberation Day outlined a revised unification vision based on the values of freedom and democracy. To this end, President Yoon committed to enhancing unification education for South Korean youths, raising North Koreans’ awareness of freedom, continuing humanitarian aid to North Korea, and establishing an inter-Korean working group.…
New economic analysis by Michael Clemens at the Peterson Institute for International Economics (PIIE) challenges the prevailing narrative around South Korea’s demographic challenges. Once the fodder of wonky demographers and social scientists, South Korea’s population is now world-renowned for its extreme drop in birthrates and aging society, a topic I covered last year for KEI.…
Korea’s healthcare spending in 2000 was the lowest among the 38 OECD countries at less than 4 percent of GDP, reflecting the country’s relatively young population and the limited coverage of its National Health Insurance (NHI). However, adjusted for inflation, healthcare spending grew at an annual rate of 7.7 percent from 2000 to 2022, the…