Asia

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…

Along with commercial banks, capital markets are an integral part of the financial systems in most capitalist economies, and their relative importance is constantly increasing. Countries around the world are…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

You’ve probably heard the Korean War referred to as an unfinished conflict – but that’s not just a reference to the frozen war on the Peninsula. The sudden outbreak of…

We often talk about whether the sanctions against North Korea are working. And we have spoken occasionally on this very podcast about the ways North Korea also cheats and gets…

Despite being thousands of miles apart, the Korean Peninsula and Ukraine share a land border with Russia. Given their respective ties to Moscow, both South and North Korean governments have toed around the sidelines of the Ukraine crisis—with Seoul publicly supporting a diplomatic solution while quietly considering additional humanitarian aid to Kyiv, and Pyongyang issuing…

The Ukraine accounts for 11.8% of the world’s wheat market and has long been known as the “breadbasket of Europe.” However, the potential outbreak of conflict between Russia and the Ukraine has implications for Ukraine’s wheat trade with all nations, including South Korea. The Ukraine is the 2nd largest exporter of wheat to South Korea,…

North Korea’s Supreme People’s Assembly, the country’s parliament, adopted the government budget for the new year at its session February 6-7.  The budget law was approved with a pledge to develop the economy and improve the people’s wellbeing despite the “persevering struggle” against international sanctions and the COVID pandemic. A particularly noteworthy aspect of the…

This post was revised on August 21 , 2023 to reflect additional research by the authors. Additional analysis can be found in authors' article Political Polarization in Korea. Korea’s democracy is clearly a success story. Along with Taiwan, it is one of the few Asian countries that transitioned to democratic rule in the 1980s and…