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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…
Although it is happening more rapidly in South Korea, an aging society is a common feature in post-industrial societies around the world. With the number of retirees growing and the…
In March, Seoul suffered from the worst air pollution on record. Enough that the South Korean government has officially designated the problem as a "social disaster." But what is causing…
Over the past few years, Korea and Koreans have experienced incredible political, social, and diplomatic shifts. It is hard keeping up with all these new developments as a Korea Watcher,…
Even before the meeting between President Trump and Kim Jong-un in Hanoi, foreign policy practitioners and observers were talking about the difficulties of sequencing international sanctions relief for North Korea…
The Ninth Korea-Japan-China Trilateral Leader Summit, hosted in Seoul on May 27, marked the first meeting since the annual event went on hiatus after 2019. Amidst a shifting global economic order, its proclamations affirmed continued trade relations with China by Korea and Japan and brought a new sense of dynamism to economic cooperation among the…
The semi-annual OECD Economic Outlook released in May projects that global GDP growth will remain around 3 percent in 2024 and 2025, shown below in Figure 1. The report’s outlook reflects the continued impact of tight monetary conditions. Nevertheless, the report cites several positive trends, such as falling inflation and improving private-sector confidence. With unemployment…
Korea once again found itself as an important facilitator for discussions on international artificial intelligence (AI), co-hosting the recently concluded AI Seoul Summit. The summit served as a follow-up to last year’s inaugural AI Safety Summit, which took place in the United Kingdom, and it produced a number of new commitments regarding the safe and…
Line, a popular messenger and social media platform in Japan used by around 70 percent of the population, has emerged as the next potential challenge for the fragile relationship between Seoul and Tokyo. Run by Line Yahoo, Line is jointly owned by the South Korean tech company Naver and the Japanese company SoftBank, each holding…