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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…
In this special episode of Korean Kontext, KEI's Juni Kim sat down with three North Korean defectors who have settled in South Korea. Each of them has a different story…
On May 10, former human rights lawyer Moon Jae-In officially became the next president of South Korea, filling an office that had been empty since former President Park Geun-Hye's impeachment…
The upcoming presidential election in Korea on May 9th will place many key issues under the microscope. One meriting serious consideration that has featured less prominently in the political discourse…
After the closure of the Kaesong Industrial Complex last year, economic ties between North and South Korea have all but ceased. And as sanctions measures continue to tighten, the international…
By Chad 0Carroll Last week the hosts of the world’s most popular political podcast, Naneun Ggomsuda, spoke to a packed audience in Washington DC as part of a tour that also took them to Boston, New York City, San Francisco, and Los Angeles. Focusing primarily on the satire of domestic South Korean politics, worldwide demand…
By Nicholas Hamisevicz U.S. Secretary of State Hillary Clinton made a historic visit to Burma last week to assess some of the reforms undertaken by the regime. During her trip, she rightfully insisted that one of the changes the Burmese government must enact is to end its illicit activities with North Korea. Korea watchers need…
By Troy Stangarone Years ago, The Economist developed the Big Mac Index to track how much a MacDonald’s Big Mac cost in countries around the world. The idea was to provide an understandable measure for purchasing power parity across countries since the Big Mac is a basic commodity that has spread across the world. Of…
By Nicholas Hamisevicz A new report with satellite images shows North Korea’s progress constructing a new light water reactor at Yongbyon. The North Koreans revealed the facility to Ambassador Jack Pritchard, KEI’s President, and in subsequent weeks, Dr. Siegfried Hecker of Stanford University in November 2010. Dr. Hecker in his trip report expressed his surprise…