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During the two-year period since the outbreak in August 2007 of the U.S. subprime crisis, Korea has felt its severe effects: Korea’s economy contracted sharply and experienced a liquidity crisis.…
There is certainly a place for regionalism in Northeast Asia.1 It already exists in various amorphous ways, but regional identity is relatively weak in Northeast Asia, and for this and…
The rise of China means that the regional (not global) power structure is shifting from unipolarity to bipolarity. Whether this is a positive or negative development depends on a particular…
The dramatic events of recent months—and, above all, North Korea’s second nuclear test and long-range missile launch—demonstrated once again that the Barack Obama administration and the international community at large…
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.…
As the world becomes more globalized, culture is not only being exchanged, integrated, and fused but also returned in a new form. Korean fried chicken is an example of how an American dish became transformed in Korea and returned to the United States. Fried chicken was introduced to Korea through American troops stationed in the…
What Happened In May 2021, South Korea reached almost 16 million 5G subscribers. South Korea’s ICT ministry stated plans to create around 1,800 companies that specialize in new 5G services over the next 5 years to power tech services such as remote-controlled factories, self-driving vehicles, virtual reality, and more. Yet, 5G mobile users have filed lawsuits against mobile carriers arguing…
What Happened A July 2021 report from the Bank of Korea showed that housing prices in the country have surged by 47% since 2017. The Moon administration implemented a series of regulations over the past four years to cool the overheated housing market. The central bank chief expressed concerns that low interest rates - adopted to cope with the…
During the height of the COVID-19 pandemic, South Korean music studios adapted to the public health crisis by moving K-pop concerts online. Building on the initial success of these online concerts, Korean entertainment giant CJ ENM aims to deliver an even more ambitious service to a global audience and potentially break into the platform industry…