Asia

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…

This week, we have a very special guest who flew in from Paris to talk about Korea's economy. Dr. Randall Jones is head of the Japan/Korea Desk at the Organization…

As Seoul has grown, it has become more and more international. The city has been making an effort to attract more foreign visitors, whether as tourists, students or workers. This…

Over the last 50 years, Myanmar has oscillated between periods of friendship with South Korea and partnership with North Korea. As Myanmar opens to the international community, however, investment and…

Anyone who has spent time in Korea knows the term Yellow Dust. Sand from Mongolia sweeps across China, picking up pollutants and carrying them across borders. Every spring, Koreans bring…

By Chad O'Carroll With North Korea having conducted two long range rocket launches in a year, many analysts have been speculating as to why Pyongyang was so keen to try another launch just months after the last one ended in catastrophic failure. One straightforward theory suggests Pyongyang wants an inter-continental ballistic missile capability and that…

Independent candidate Ahn Cheol-soo withdrew from the South Korean presidential race Friday, giving his support to fellow left-leaning hopeful Moon Jae-in. This development clears the way for Moon Jae-in to face Park Geun-hye, the candidate for the governing Saenuri Party. Until Friday, Ahn had been working with Moon, of the Democratic United Party, to merge their…

By Seongjin James Ahn With the presidential elections in the U.S. now over, South Korea has turned its attention to the political transition occurring in China.  This week the Chinese Communist Party (CCP) is set to reveal its new leadership roster for the next ten years, and regardless of who comes into power, South Korea…

By Gilbert Rozman Much is made of dynastic succession, of long periods when the organs of communist party rule are moribund, and of the military first policy in North Korea. To many, these are incompatible with the communist system. Yet, the meaning of this system keeps changing from Karl Marx to contemporary Chinese rule. Taking…