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Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…
Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…
The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…
China is India’s largest source of imports, nearly 15 percent of which are sourced from China. Many of India’s major imports—electrical machinery, electronic and semiconductor devices, fertilizers, antibiotics, iron and…
North Korea is putting on a tough face as the world confronts the COVID-19 pandemic. Authorities in Pyongyang continue to reassure the rest of the world that nothing is wrong…
Looking back on the Korean War, one might assume that the outbreak of a violent conflict that killed millions of people would preclude the possibility of a peaceful resolution of…
It would not be an exaggeration to claim that the Korean War shaped world history. There had been bloodshed elsewhere that bookmarked the start of the bitter conflict between the…
The international force that answered the United Nation’s call to defend the Republic of Korea between 1950 and 1953 did more than engage in combat with North Korean and Chinese…
For seventy years, one of the few things that North Korea, South Korea, and the United States agreed upon was the goal of reunifying the Korean Peninsula. No more, at least for now. During a January 2024 speech, Kim Jung-un announced, “The reunification of Korea can never be achieved with the Republic of Korea.” He…
Corruption has a significant negative effect on economic growth through its impact on investment, competition, entrepreneurship, government efficiency and human capital formation. It also has important implications for numerous indicators of economic development, such as environmental quality, personal health and safety, income distribution and social trust. Reducing corruption should be a top priority. Many studies…
Investment Announcements December 20, 2023 – LG Chem begins construction on its cathode plant in Clarksville, Tennessee, set to begin production in 2026. The $1.4 billion injection as part of the construction is the first phase of its $3.2 billion investment plan delineated in an MOU LG Chem signed with the State of Tennessee in…
South Korea’s trade relations have undergone changes since the COVID-19 pandemic. In 2022, South Korea surpassed Japan and became China’s second-largest trading partner. However, its exports to China saw a decline of 20 percent in 2023, plummeting to $124.8 billion from $155.7 billion in 2022. Consequently, South Korea ran a trade deficit of $18 billion…