Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

When you hear about trilateral cooperation between the United States, South Korea and Japan in the news, people are usually talking about how these three countries can work together to…

In this episode, Korean Kontext speaks with Ms. Jie-ae Sohn, President of Arirang TV & Radio, Korea's first English language international broadcast system. Ms. Sohn worked as the former CNN…

Last week, the news of a high-level defection by a North Korean diplomat stationed in London captivated North Korea watchers. For the next few says, analysts and the media speculated…

Ghosts and goblins are everywhere in Korean folktales, causing havoc for people through their antics. Equally common are the shamans who act as intermediaries, helping offer solutions to life's supernatural…

By Troy Stangarone The sudden death of Kim Jong-Il has created the potential for significant uncertainty surrounding both the North Korean leadership and North Korean intentions. While all signs pointed to Kim Jong-un as the designated heir after the 2010 Party Conference, it is unclear if the succession process has fully taken hold and how…

By Nicholas Hamisevicz After Kim Jong-il suffered a stroke in 2008, the transition process appeared to quicken the pace to prepare for a North Korea after the Dear Leader. Now that Kim Jong-il has died, the world will see if the pieces were put into the correct spots for a successful transition of power, especially…

By Troy Stangarone The anniversary of China’s formal entry in to the WTO ten years ago this week comes as a mixed blessing for many of its trading partners. China’s entry into the WTO brought the world’s most populous nation into the rules based trading system that is the WTO and created new economic opportunities…

This week reports emerged that hundreds of North Korean nuclear experts are currently working in major nuclear facilities throughout Iran, adding to suspicions that the two countries have been collaborating in the nuclear realm for some time.  This follows on the heels of reports that Iranian technicians were allegedly dispatched to North Korea to assist in…