Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

Now that Trump has met Kim, and with the Singapore Summit laying out the beginning of a path to denuclearization, analysts are still trying to figure out if Kim Jong…

South Korea's government has increased its focus on different forms of diplomacy in recent years, from the more traditional government-to-government outreach of the Moon Administration's North Korea policy to a…

With the world's attention on Singapore on June 12, U.S. President Donald Trump and North Korean Leader Kim Jong Un walked across a stage flanked by American and North Korean…

With U.S. President Donald Trump and North Korean Leader Kim Jong Un headed to Singapore next week for the first ever U.S.-DPRK summit, people around the world are watching to…

By Nicholas Hamisevicz “Survive and advance” is a phrase often associated with the month of March with the NCAA basketball tournament in the United States, but the phrase could be applied to the month of April for events on the Korean peninsula. The two Koreas, as well as the other countries involved in Northeast Asia,…

By Nicholas Hamisevicz March was expected to be a difficult month for inter-Korean relations with the joint U.S.-ROK military exercises taking place and the lack of progress between the two Koreas in January and February. Unfortunately, events in March suggest even more difficult times ahead for relations between North and South Korea even without military…

By Matthew Nitkoski According to former National Assembly Speaker Park Kwan-yong, the United States will soon turn away from its North Korea denuclearization strategy and focus on nuclear non-proliferation issues. His comments come at a time when North Korean advancements in warheads and delivery mechanisms are forcing regional states to reassess their capabilities and reconsider…

By Mark Tokola One March 26th newspaper headline read: “South Korea Seeks Membership in Asian Infrastructure Investment Bank.”  Another newspaper’s headline read: “Decision to Join China-Led Bank Tests South Korea’s Ties to U.S.”  The latter probably drew more readers because, face it, stories about multilateral lending institutions rarely stir excitement.  Stories about potential rifts between…