Asia

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…

2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…

Interest in the Korean peninsula is generally very narrow in the United States – it tends to be focused on North Korea and security issues, particularly the country's ballistic and…

Last Friday, on November 30, 2018, President George H.W. Bush passed away. In the days that followed, there were many discussions in the foreign policy community about the late president's…

What does a unified Korea look like? Beyond the question of whether the government of this new country will be a unitary or federal one, how will the people –…

 By Kyle Ferrier The Federal Reserve’s move to increase its benchmark interest rate hardly came as a surprise. Though the March 15 rate increase is only the third since the Global Financial Crisis of 2008, it is the second in three months and we are likely to see at least two more incremental rises this…

By Mark Tokola When dealing with a country with a leadership that is as singularly top-down as North Korea, it is worthwhile to try to understand what makes their leader tick.  If we understood Kim Jong-un’s goals, preferences, and biases, we would be in a better position to understand whether negotiations on denuclearization are possible,…

By Troy Stangarone After three months of deliberations, the Constitutional Court has unanimously accepted the National Assembly’s impeachment of President Park Geun-hye. Since the scandal surrounding President Park and her confidant Choi Soon-sil first broke last fall, South Korea has gone through an extended political crisis. Protesters have gone to the streets in record numbers…

By Jaeho Jeon More and more Koreans are saying that they don’t trust Korean companies. The anti-corporate sentiment has existed in the past, but it is spreading more rapidly after the ‘Choi Soon-sil scandal.’ According to a survey by Edelman, a communications marketing firm, last month only 29 percent of Koreans said they trust corporations.…