1986 Posts located
The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…
There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…
Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…
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…
In a previous issue of Korea View, KEI called attention to the growing popularity of cultural products in South Korea that explore difficult societal issues. In addition to the movie Parasite, recent examples of this trend include the TV show Taxi Driver (모범택시; not to be confused with the 2017 movie) which focuses on a group of…
What Happened New e-commerce start-ups are growing fast in areas such as fashion, online payments, ride-hailing, delivery, and biotechnology. In 2020, South Korea’s e-commerce market ranked 5th worldwide. Sales are expected to grow 9% to $120.56 billion in 2021. South Korea has 10 startup companies valued at over $1 billion making it the third-largest hub for such firms in the…
What Happened Last week, the Justice Ministry announced a revision to a law that would allow singles to adopt children. This plan was announced in light of new census data, which shows nearly a third of households in Korea are single-person households. The new adoption bill comes after the Ministry of Gender Equality and Family passed new regulations that allow children…
On August 31, 2021, South Korea’s National Assembly approved the amendments to the Telecommunications Business Act (전기통신사업법), which essentially imposes new restrictions and mechanisms of greater regulatory scrutiny over the operators of app markets (e.g., Apple’s ‘AppStore’ or Google’s ‘Play Store’). Hailed as the first successfully implemented measure against the giants operating global app markets,…