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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…
In this episode of Korean Kontext, guest host Kyle Ferrier, KEI's director of academic affairs and research, sits down with Korea Society President Tom Byrne. Before joining the Korea Society…
Ever since Myanmar's political and economic opening several years ago, countries have been looking to get in on the ground floor to build ties with this emerging economy in Southeast…
Ever since last summer, when South Korea and the United States announced they would be deploying the Terminal High Altitude Area Defense (THAAD) missile defense system to the peninsula, China…
Much has been discussed about the power of outside information to open the eyes of the North Korean people and convince them of the truth about the outside world. Some…
Heads of government of the world’s 20 largest economies met in Rome for their annual G20 economic summit last week. The G20 member countries together account for more than 80% of the world GDP, 75% of global trade, and 60% of the world’s population. Although the organization’s 2020 summit was held virtually because of the…
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…