Asia

Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign invested companies and foreign investors…

Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…

During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…

After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…

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 –…

Upon his election, president-elect Yoon Suk-yeol vowed to turn South Korea into a leading digital economy befitting the era of Digital Earth. In addition to the physical relocation of the presidential office from the Blue House to the Ministry of National Defense in Yongsan, the upcoming Yoon administration is looking to transition into a “digital…

The widely publicized shortage of semiconductor chips – a remnant of the pandemic supply chain disruptions – faces new challenges from the ongoing Russia-Ukraine conflict. Eastern Europe is the largest supplier of industrial, rare gasses that are crucial to semiconductor production in South Korea. Conflict-caused supply disruptions open the door for other nations to fill…

Russia’s invasion of Ukraine is having a serious impact on the global economic recovery from the COVID-19 pandemic. After a 3.6% drop in 2020, world GDP rebounded with 6.1% growth in 2021 (Table 1), reflecting progress in controlling the coronavirus and exceptionally strong fiscal and monetary measures to offset the impact of the pandemic. In…

There is a long tradition of considering North Korean leaders’ public appearances as a potential source of information on the regime’s priorities (see for example: Haggard, Herman, and Ryu; Pyo and Hur; Kim and Lee).  We now have ten full years of this data for Kim Jong-un through the South Korea Ministry of Unification portal,…