Asia

The year 2008 saw a reversal of a long-lasting policy constellation in the international community visà- vis the Democratic People’s Republic of Korea (North Korea). South Korea, for 10 years…

The year 2008 will be recorded in world history as a year in which the global capitalist system was threatened as a consequence of the U.S.-originated financial turmoil that began…

Following several years of strong expansion, the Korean economy began losing momentum in the second half of 2008 in the wake of the stress engulfing the global financial system. Although…

North Korea’s economy has been on the verge of collapse since the beginning of the second nuclear crisis in 2002 because of the international community’s growing sanctions and pressure. The…

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 –…

What Happened Last year, President Moon Jae-in announced the Youth Hope Package Assistance, an approximately USD 17 billion-budget project to address the youth’s economic challenges. The package includes a recently-announced college tuition assistance plan to support families with multiple children. The new policy comes as a growing number of people struggle with the high cost of housing and childcare in Korea.…

As the world becomes more globalized, culture is not only being exchanged, integrated, and fused but also returned in a new form. Korean fried chicken is an example of how an American dish became transformed in Korea and returned to the United States. Fried chicken was introduced to Korea through American troops stationed in the…

What Happened In May 2021, South Korea reached almost 16 million 5G subscribers. South Korea’s ICT ministry stated plans to create around 1,800 companies that specialize in new 5G services over the next 5 years to power tech services such as remote-controlled factories, self-driving vehicles, virtual reality, and more. Yet, 5G mobile users have filed lawsuits against mobile carriers arguing…

What Happened A July 2021 report from the Bank of Korea showed that housing prices in the country have surged by 47% since 2017. The Moon administration implemented a series of regulations over the past four years to cool the overheated housing market. The central bank chief expressed concerns that low interest rates - adopted to cope with the…