Asia

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.…

For many people who visit Korea for the first time, one of the things that stands out the most is the country's clean, reliable, and efficient public transportation. This was…

More than 100 million Americans cast their ballots on November 8, and we have a new president-elect. The Trump victory came as a surprise to most, with polls and pundits…

In this episode, which originally aired in 2011, we hear from author Mike Kim, who speaks with Korean Kontext about his experiences living and working with North Korean refugees on…

Samsung's Galaxy Note 7 woes have hit a crescendo in recent weeks, with the company officially halting production and the Transportation Security Administration (TSA) officially banning the devices from all…

What Happened In 2011, the South Korean government made an anti-online gaming law dubbed the “shutdown law” or the “Cinderella law” that blocks those under the age of 16 from accessing games after midnight in an effort to curb game addiction among adolescents. This year, teens blocked from buying the popular computer game Minecraft petitioned the presidential office to…

After the first U.S-North Korea summit held in Singapore in 2018, President Donald Trump and Chairman Kim Jong-un vowed to “establish new U.S.–DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.” Although an end of war declaration has been identified as one way for both sides…

In the summer of 2017 Rex Tillerson, during his tenure as Secretary of State for the first 13 months of the Trump administration, authorized a “Geographical Travel Restriction” prohibiting U.S. citizens from traveling “into, through or in North Korea.”  The travel prohibition became effective on September 1, 2017, and it was valid for one year. …

What Happened Last year, President Moon Jae-in announced the Youth Hope Package Assistance, an approximately USD 17 billion-budget project to address the youth’s economic challenges. The package includes a recently-announced college tuition assistance plan to support families with multiple children. The new policy comes as a growing number of people struggle with the high cost of housing and childcare in Korea.…