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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…
How is the increasing spread of artificial intelligence (AI) likely to shape the cyber capabilities of the Democratic People’s Republic of Korea (DPRK; North Korea) in the coming years? Over…
In this new article of KEI’s Korea’s Economy, Dr. Bark Taeho (President of the Global Commerce Institute of Lee & Ko and Former Minister for Trade) notes that Korea has faced…
The COVID-19 pandemic caught almost all countries unprepared. Some countries, including South Korea (hereafter Korea), managed to deal with the pandemic relatively more successfully than others and had a proactive…
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.…
What Happened Last year, a revised law required public school teachers to undergo mandatory drug testing. Lawmakers revised the law in response to the rise of drug abuse in Korea in recent years. The Gyeonggi Province Teacher’s Union demanded education authorities re-examine the “unreasonable’ measure. Implications: Seeking to address growing societal problems, the South Korean government often overlooks communicating its…
One year ago, President Moon Jae-in launched the Korean New Deal, which aims to “set the foundation for Korea’s next 100 years.” The New Deal is a national development strategy with three main objectives. First, create jobs, both government-supported positions for low-skilled workers and jobs that support the transition towards a digital and green economy.…
Does society affect the quality of the movies its directors make? Do democracies in fact make better art? Perhaps South Korea can provide an outlook on this question. 1960 is a special year in the country’s political history - a popular protest ousted President Syngman Rhee from office in April after he attempted to hold…
What Happened In 2019, Korean Internet Service Provider (ISP) SK Broadband claimed that heavy data usage by the U.S. streaming service Netflix posed a major financial burden and sought government arbitration. Local online platforms have also complained of reverse discrimination as domestic platforms pay substantially more in network usage fees than foreign ones. In response to a new law…