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The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…
There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…
Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…
President Donald Trump is off on his longest international trip yet, stopping in Japan, South Korea, China, Vietnam and the Philippines. There, he is expected to tackle a range of…
As a communist state, North Korea has promised to provide its people with basic services, including healthcare and medical treatment. However, particularly in recent years, the cash-strapped Kim regime has…
With North Korea becoming an increasingly dangerous threat to the U.S. and its allies, it can be all too easy to overlook North Korea’s origins and how its foreign policy…
Many of the news stories about North Korea that make their way into the Western media fall into one of two categories: 1) breaking news about provocations and the nuclear…
By Thomas Lee In the face of a North Korean missile volley protesting the recent passing of United Nations Security Council Resolution 2270, China has once again called for calm. This will undoubtedly anger some and lead many to question whether China’s resolve to earnestly and forcefully implement the sanctions is genuine. The new China-backed…
By Jenna Gibson In The Economist’s recent ranking of the best and worst places to be a working woman, South Korea did not fare well. In fact, it was considered last among OECD countries. In what they call their “glass-ceiling index,” The Economist ranked OECD countries along various measures related to women in the workforce,…
On January 6 North Korea conducted its fourth nuclear test and its second successful satellite launch on February 7, 2016. The following is a collection of the international response to these two actions. United States January 6, 2016 – South Korea and the U.S. has stepped up joint defense readiness by increasing surveillance activities to…
By Thomas Lee With almost three months remaining before the 7th Korean Worker’s Party Plenum is scheduled to convene in May, South Korean intelligence sources state that North Korea appears to preparing for its fifth nuclear test. Although few if any signs of test preparations have been detected by satellite imagery, the recent experience with…