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…

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…

The U.S. Senate Committee on Foreign Relations held a hearing on April 7 to question President Joseph Biden’s nominee for U.S. Ambassador to South Korea, Ambassador Philip S. Goldberg.  Goldberg is one of four ambassadorial nominees who testified before the Foreign Relations Committee on April 7.  Two of the four nominees, including Goldberg, are senior…

In the 2022 presidential election, the conservative opposition candidate Yoon Suk-yeol won the race with a 0.8% margin. During the campaign, Yoon received endorsements from five former senior military officers who had served in the Moon administration. They attributed the endorsement to “[their] faith in Yoon’s national security policies,” including his controversial remark that Seoul…

A specter is haunting the Korean Peninsula — the specter of nuclear proliferation. On the campaign trail, conservative candidate Yoon Suk-yeol said he would consult with Washington over redeploying tactical nuclear weapons. Although the president-elect has not officially changed Korea's stance on nuclear weapons, his comments are part of a larger trend of Korean leaders…

Given the paucity of data on North Korea, the food prices provided by Rimjingang and DailyNK are often used for a variety of analytic purposes: to monitor seasonal fluctuations that most affect the poor; as a wider proxy for inflation; and as an indicator of larger constraints on the economy, including sanctions and the border…