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Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…
Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…
There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…
In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…
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…
Although the South Korean government strongly advised the public to stay home during Chuseok—Korea’s Thanksgiving—it was estimated that the population movement increased by 5 percent during this year’s holiday compared to the last. As the public eagerly waits for Covid-19 to subside and travel restrictions to be lifted, popular Southeast Asian destinations including Thailand’s Phuket…
What Happened In 2019 July, Japan imposed export restrictions on sensitive chemicals which South Korean industries need to produce semiconductors and electronic gadgets. Japan’s export restrictions by Japan and retaliatory public boycotts on Japanese products from Korean consumers have persisted longer than any other disputes before. Two years after the start of this dispute, Korea is less dependent on Japan for…
A popular online joke last week went something like this: “The leaders of South Korea and Moon Jae-in came to New York.” While the band’s global popularity is unmistakable, the fact that members of a Korean pop band were on the floor of the United Nations addressing world leaders remains no less surprising. The band was reprising its…
North Korea’s real GDP fell by 4.5% in 2020, according to the estimate announced by the Bank of Korea (BoK) at the end of July (Figure 1). It was the steepest decline since 1997 during the “Arduous March,” when North Korea was hit by famine. The downturn last year was caused in part by measures to contain…