Asia

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

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…

The 2022 OECD Economic Survey of Korea, released in September, highlighted the need to strengthen the social safety net. In particular, the share of the population aged 65 and older in relative poverty exceeds 40%, nearly triple the OECD average (Figure 1). Ensuring adequate retirement income requires reforms to improve the National Pension Service (NPS),…

Recent debates on South Korea securing an independent nuclear weapons capacity have addressed several issues, including strategic relevance and operational utility, its impact on the U.S. alliance, how it will affect the balance of power on the Korean Peninsula, and its contribution to the regional arms competition. Less discussed has been the question of South…

The Korean Peninsula is currently in a pattern of tit-for-tat provocation: short and long-range missile tests; combined training exercises; artillery live-fire exercises, and border area fighter jet sorties. The pattern in place will reach a new level if and when North Korea undertakes its seventh nuclear test. What will this mean in the context of…

Ahead of the Chuseok holiday last month, Unification Minister Kwon Young-se said South Korea was interested in negotiations with North Korea about holding another round of inter-Korean family reunions. The urgency of the issue has only increased since the last time they were held, back in 2018. In his remarks at a government press conference,…