Asia

This paper builds on Kiyota and Stern (2007), in which we analyzed the economic effects of a U.S.-Korea free trade agreement (KORUSFTA). In Section II, we review the objectives and…

The security alliance between the United States and the Republic of Korea (ROK) is the foundation for the architecture of strategic stability in Northeast Asia that has endured for more…

The Cold War in Northeast Asia became irreversible with the outbreak of the Korean War on 25 June 1950. Over the decades partial steps were taken to end it: rapprochement…

On 21 June 2005 the flag of the Socialist Republic of Vietnam flew outside of Blair House, across the street from the White House. Standing still on a windless day,…

From nuclear power in the United Arab Emirates to new free trade agreement negotiations opening with Israel, to South Korean President Park Geun Hye's visit to Iran, 2016 seems to be…

With no shortage of North Korean news in 2016, we look back at one of our interviews with Ambassador John Everard of the UK. He provides an inside perspective of…

After North Korea launched its fourth nuclear test in January 2016, an outraged international community once again cracked down, passing tough sanctions both at the UN and domestic levels. While…

In May 2016, Park Geun Hye became the first South Korean president to visit the African Union headquarters in Ethiopia. This trip, which also included stops in Uganda and Kenya,…

During the week from May 28 to June 2, North Korea released over 1,000 large balloons across the demilitarized zone (DMZ) into South Korea. The balloons carried payloads of manure, cigarette butts, used batteries, cloth and plastic fragments, and lots of scrap paper (including used toilet paper). One report said that even dirty diapers were…

Questions of whether the K-pop market has peaked are hardly new. Concerns about market oversaturation have been raised since the inception of the third generation in 2012 when the number of groups that debuted annually more than tripled. New bands from industry powerhouses are not making the expected impact in sales, and there has been…

The Ninth Korea-Japan-China Trilateral Leader Summit, hosted in Seoul on May 27, marked the first meeting since the annual event went on hiatus after 2019. Amidst a shifting global economic order, its proclamations affirmed continued trade relations with China by Korea and Japan and brought a new sense of dynamism to economic cooperation among the…

The semi-annual OECD Economic Outlook released in May projects that global GDP growth will remain around 3 percent in 2024 and 2025, shown below in Figure 1. The report’s outlook reflects the continued impact of tight monetary conditions. Nevertheless, the report cites several positive trends, such as falling inflation and improving private-sector confidence. With unemployment…