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 delve into how Japan views the security threat from China, and how these perceptions shape Japanese policy. For this, we turn to security expert Dr. Narushige Michishita.…

Last week, North Korea launched its Seventh Worker's Party Congress, a major meeting of regime leaders that has not been convened in 36 years. Although analysts had high expectations for…

In this episode, we take a step back from the Korean Peninsula and take a look at Northeast Asia from the perspective of one of its neighbors – Russia. In…

On May 1, South Korean President Park Geun-hye will travel to Tehran, Iran for a summit meeting with her counterpart, President Hassan Rouhani. This visit will be the first time a…

By Troy Stangarone While 2011 will ultimately be remembered for the passing of Kim Jong-il, it was also a year of significant change and new milestones for both South Korea and the U.S.-Korea alliance. In many ways, 2011 really began in the waning days of 2010 for South Korea. On November 23 last year, North…

By Chad 0'Carroll Hundreds of thousands of mourning North Koreans lined the bitterly cold streets of Pyongyang today to say goodbye to their leader, Kim Jong-il.  How real the tears were is impossible to say, but the images were nonetheless extremely reminiscent of what was seen at Kim Il Sung’s funeral  – aside from the…

By Michael J. Mazarr The most significant thing about the dramatic change in North Korea is how little has changed. Kim Jong-il has died, inaugurating a period of complex maneuvering and potential instability within the North’s ruling clique.  The succession to his son Kim Jong-un will be perilous:  The regime’s legitimacy is grounded in personalities,…

By Ken Gause The death of Kim Chong-il does not only mean a transition in leadership as can be seen with the apparent coronation of Kim Chong-un as the successor. It also likely means a change in the leadership structure, which will potentially have a dramatic impact on how Pyongyang makes decisions and how those…