Asia

Korea’s economic development is often cited as a model for other developing nations. One of about 60 countries whose per capita income was less than $300 in the 1960s, only…

Korea has shaken off some of the impacts brought by the Sewol ferry disaster, but its overall pace of growth is still very weak. The Korean economy is forecast to…

The Korean economy has faced several crises, such as the ending of the rapid economic growth era in the 21st century, continued stagnation of per capita GDP growth since 2007…

After decades of rapid growth led by large, industrialized chaebol firms, Korea has reached the technology frontier in many of its largest industries and run out of room for future…

Covering news on the Korean peninsula can be a hectic task. With all the rapidly evolving developments in economics, politics, and society, it's often hard for journalists who cover the…

With the Trump-Kim Summit in Singapore still on the calendar at least for the moment, pundits and analysts alike have been predicting the outcomes or sharing their advice for how…

With the exception of Gangnam Style, few mainstream radio stations have ever even thought to play Korean pop music. But in the last year or so, the United States has…

On February 9, years of hard work will culminate in the opening of the 2018 Winter Olympics in PyeongChang, South Korea. A month later, on March 8, the 2018 Winter…

Last Thursday, Korean chipmaker SK Hynix made history by developing a 10-nanometer (nm) transistor process for 16 GB Double Data Rate 5 (DDR5), the latest iteration of dynamic random-access memory (DRAM) chips. By allowing for greater memory capacity and processing speeds for the corresponding central processing units (CPUs) that are used for cloud computation, this…

“You can either buy clothes or buy pictures.” (Gertrude Stein) The air will be filled with a different kind of buzz in Seoul this week as it hosts the third annual international art fair, Frieze Seoul. Over 110 leading art galleries worldwide will assemble for four days at the COEX Convention and Exhibition Center in…

The public sector financed 76 percent of healthcare in OECD countries in 2021 using compulsory health insurance and government programs (Figure 1, Panel A). Korea is an outlier in this regard, as only 62.3 percent of its health expenditures were covered through mandatory financing schemes. The low share of mandatory financing in Korea was offset…

The overwhelming majority of refugees who flee North Korea are generally those who live in border areas adjacent to China and do not have prominent government or economic positions. Few are from Pyongyang because it is very difficult for citizens to travel within the country unless police and internal security officials approve the travel. Meanwhile,…