Asia

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

Along with commercial banks, capital markets are an integral part of the financial systems in most capitalist economies, and their relative importance is constantly increasing. Countries around the world are…

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.…

This is the second in a 10 part series looking at how the issues identified in KEI’s annual “10 Issues to Watch for on the Korean Peninsula” series developed in 2021. The original “10 Issues” piece can be found here. Although it is commonly understood that the Biden Administration carried out a policy review regarding…

This is the first in a 10 part series looking at how the issues identified in KEI’s annual “10 Issues to Watch for on the Korean Peninsula” series developed in 2021. The original “10 Issues” piece can be found here. The North Korean border continues to be closed since extensive quarantine conditions were imposed in…

What Happened The Korean government adopted a mandate requiring people to show their vaccine passports when accessing libraries and tutoring facilities. Nationwide polling showed overall public support for the government’s requirement for vaccine passports when accessing these institutions, but 40.4% expressed opposition. Meanwhile, 76.8% supported similar measures for entry to restaurants, cafes, cinemas, and stores. Implications: Korean society…

What Happened Public health mandate requiring vaccine passes to enter restaurants, grocery stores, and cafes incited backlash from foreign nationals whose overseas vaccinations were not recognized. Seoul amended its vaccine pass requirement for foreign nationals after a U.S.-led embassy protest. Prior to the changes, the U.S. military issued its own vaccine documents that were recognized by South Korean…