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The automobile industry is a dynamic and significant sec-tor in most of the major economies in the world. It is closely related to various other manufacturing sectors such as rubber,…
More than two decades ago, when the USSR still existed and the concept of the world socialist system presumed that all socialist countries were developing as one, I argued (still…
One cannot enter the same river twice. Every time one looks at North Korea, on the surface it appears boringly the same. Its life fl ows in the same predictable…
As one might say that, without a proper understanding of juche, Kim Il-sung’s North Korea cannot be comprehended, one might also say that a proper understanding of Kim Jong-il’s North…
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.…
The Ukraine accounts for 11.8% of the world’s wheat market and has long been known as the “breadbasket of Europe.” However, the potential outbreak of conflict between Russia and the Ukraine has implications for Ukraine’s wheat trade with all nations, including South Korea. The Ukraine is the 2nd largest exporter of wheat to South Korea,…
North Korea’s Supreme People’s Assembly, the country’s parliament, adopted the government budget for the new year at its session February 6-7. The budget law was approved with a pledge to develop the economy and improve the people’s wellbeing despite the “persevering struggle” against international sanctions and the COVID pandemic. A particularly noteworthy aspect of the…
This post was revised on August 21 , 2023 to reflect additional research by the authors. Additional analysis can be found in authors' article Political Polarization in Korea. Korea’s democracy is clearly a success story. Along with Taiwan, it is one of the few Asian countries that transitioned to democratic rule in the 1980s and…
One of the most prominent policy and social problems plaguing the Republic of Korea today is a declining birth rate. The nation fell below the replacement fertility rate of 2.1 in 1983 and rested at 0.84 at the end of 2020. This sustained decline has negative implications for economic growth in the long run as…