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Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign invested companies and foreign investors…
Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…
During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…
After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…
This interview originally aired in 2014. With the retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its…
In this episode, we spoke with Kevin O'Donnell, who, after decades on a private sector career path, became the first-ever Peace Corps country director for South Korea, followed by a…
As North Korea's largest trading partner and political ally, China is a crucial factor in any potential solution to curb North Korea's weapons programs. President Trump expressed hope earlier this year…
In December 1950, while fighting the advancing Chinese army and bitter Korean winter, Colonel Edward Forney and other American and Korean officers managed to evacuate all troops as well as…
According to the statistics from Korean Customs Service, Korean food product exports reached a record high with USD 4.3 billion shipments in 2020. This largest-ever increase in food exports (14.6%) came despite an overall decrease in total Korean export goods. In particular, the export of rice products and ramen soared by 53.3% to USD 37 million…
What Happened In March, the municipal government of Seoul ended its mandate for all foreign workers to be tested for COVID-19 after drawing criticism from lawmakers, activists, and foreign embassies. Observers commented that local health policies targeting Korea’s international community may harm the country’s engagements abroad. Ahead of Halloween, the Ministry of Health and Welfare announced plans to make special inspections…
What Happened The South Korean government shared biometric data collected at Incheon Airport with private sector artificial intelligence (AI) developers. Although the project was publicly disclosed in 2019, the government had not revealed to the public that the information would be shared with private sector companies. A privacy advocacy group plans to launch a class-action lawsuit in response to…
In a recent report by Radio Free Asia, sources in Sinuiju, near the Chinese border, say residents have been told to expect food shortages until 2025. “Some of the residents are saying that the situation right now is so serious they don’t know if they can even survive the coming winter,” said the source, according…