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…

Spanning nearly a century and multiple generations, Min Jin Lee's 2017 novel Pachinko tells the story of a Korean family struggling to find their place in Japan before, during, and after…

A woman in hanbok joyfully rises above Mt. Baekdu, arms raised, in a art piece entitled Umma Rises: Towards Global Peace. This is just one of many recent art pieces…

A group of women gossiping about the new neighbor. A feisty middle schooler using a homemade drone to prank his classmates. A young military officer seeking information from his past.…

With President Donald Trump finishing up his first official trip to Asia, including a stop in South Korea last week, this week's episode of Korean Kontext asks: what do South…

The outcome of South Korea’s parliamentary elections seems undeniable. The opposition Democratic Party (DP) won a convincing victory and together with its progressive allies will hold a commanding 192-seat majority in the 300 seat National Assembly. Former DP presidential candidate and current party leader Lee Jae-myung is cemented, for now, as the likely presidential standard bearer when…

Innovation has played a vital role in Korea’s rapid economic development. Initially led by the introduction of new technology from abroad, Korea has achieved sustained progress toward the global innovation frontier. Korea’s innovation inputs in terms of human capital and research spending are among the highest in the world. It also has the highest share…

Russia’s February 2022 full-scale invasion of Ukraine has been one of the defining geopolitical moments of the modern era—and while not as headline grabbing as its ramifications for Europe and the so-called ‘BRICS’ (Brazil, Russia, India, China, South Africa) agenda, its impact on the Korean Peninsula has been profound. Vladimir Putin’s war has significantly impacted…

This week, South Koreans will head to the polls to elect their legislative representatives. The National Assembly election is often seen as a barometer for the public's sentiment towards the sitting president and the ruling party. In 2020, the Democratic Party of Korea won an unusual landslide during a global pandemic, strengthening President Moon Jae-in’s…