Asia

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…

Since the death of Kim Il-sung in 1994 there have been numerous predictions that the collapse of the North Korean political system would be imminent, yet the Kim dynasty continues…

In February 2014, the United Nations' special Commission of Inquiry on on Human Rights in the Democratic People’s Republic of Korea (DPRK) launched their report, laying out more than 400…

Starting from the period after the Korean War and continuing today, more than 100,000 Korean children were adopted around the world. As they get older, many of them decide to…

Much has been said about the power of outside information – news, weather, and even soap operas – to influence the North Korean public. But a new report takes a…

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…