Asia

Since the signing of the Mutual Defense Treaty in 1953, the U.S.-ROK alliance has been tremendously successful in deterring a large-scale attack by the DPRK. Even during national famines and…

This paper builds on the assumption that Korean engagement with Latin American countries is related to resources endowment on both sides. This makes for an interdependent relationship in which Korea…

Along with the revolution in the information technology (IT) industry, the world economy has also witnessed a spectacular rise of the financial industry in recent decades. The GDP share of…

Following several lost decades of stagnant growth and bad governance after independence in the 1960s, African countries are now resurgent. Whether one looks at gross domestic product (GDP) growth, investment…

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

The second summit between President Donald Trump and North Korean leader Kim Jong-un on February 27 and 28 ended without an agreement. The key difference in the two leaders’ negotiating…

As the complex negotiations between North Korea, the United States, and South Korea continue, it is worthwhile to review what the current U.S. presence on the Korean Peninsula looks like.…

South Korea’s Nationally Determined Contribution (NDC) under the Paris Agreement sets a target of reducing its greenhouse gas (GHG) emissions by 40 percent by 2030 (relative to their peak in 2018). Korea also aims to achieve carbon neutrality by 2050 (Figure 1, Panel A). The targets are ambitious, as Korea was the world’s thirteenth-largest GHG…

In the early weeks after President Yoon Suk Yeol’s attempted imposition of martial law and his subsequent impeachment by the National Assembly, the response in Japan among foreign policy specialists and in the mass media was uniformly supportive, even admiring, of the resilience of Korea’s democratic institutions. “Yoon’s action was undemocratic and inexcusable,” a senior…

Contributors (last name alphabetical): Je Heon (James) Kim, Joo Young Kim This timeline is the third part of a series that covers major events in the aftermath of South Korean President Yoon Suk Yeol’s declaration of martial law on December 3, 2024. This part covers the events from the request by the Corruption Investigation Office for High-ranking Officials (CIO) for an…

South Korean President Yoon Suk Yeol’s short-lived declaration of martial law on December 3, 2024, and his subsequent impeachment on December 14 have plunged the country into its worst political crisis in nearly 40 years, with some signs of a negative economic impact. The economy was already showing signs of weakness before the December political…