Asia

In recent years, North Korea has faced economic shocks from UN sanctions and the pandemic. As Dr. Jongkyu Lee (Senior Fellow at the Korea Development Institute) writes in his new…

Following a record number of North Korean missile launches, as well as tests by South Korea, assertions have been widely and uncritically made that Seoul is participating in an inter-Korean…

Although the Korean Peninsula has been divided for over 70 years, North and South have not been able to make lasting progress in terms of reconciliation. While there are multiple…

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

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…

Over the last half decade, the Korean Peninsula has seen the prospect of war during Donald Trump’s period of “fire and fury,” but also a period of negotiations that resulted in a series of North-South and U.S.-North Korea summits. While war was avoided, those efforts at negotiation ultimately failed. The aftermath of those failed negotiations,…

After more than two years since the start of the pandemic, COVID-19 has finally been detected in North Korea. Despite strict border controls limiting the movement of people and goods to prevent entry of the novel coronavirus, state media reported on 12 May that the Omicron BA.2 variant had been found in a sample taken…

Yoon Suk Yeol was inaugurated on May 9th as Korea’s twentieth president. He takes office at a difficult with the global economy disrupted by the war in Ukraine and an increasingly threatening North Korea, which has launched 16 missile tests thus far this year. Meanwhile, inflation has accelerated to 4.8% (year-on-year), its fastest pace since…

Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…