Asia

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…

There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…

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…

By Jaeho Jeon The South Korean economy is drifting like a ship which has lost its captain while the ‘Choi Soon-sil Scandal,’ a civilian who has no official title, has shaken South Korea for over a month. President Park Geun-hye's approval rating has fell to 4 percent, an all-time low for elected Presidents in South…

By Troy Stangarone The United Nations (UN) sanctions on North Korea’s fourth nuclear test were flawed. The March sanctions were intended to limit North Korea’s ability to export coal, the most significant licit source of the hard currency that the regime has to fund its nuclear weapons and missile programs, while also not precipitating a…

By William Brown Kim Jong-un has been unusually silent about the election of Donald Trump.  Does this represent fear of how a tough new U.S. administration might react to his usual posturing or indecision as to how to proceed with his dual nuclear weapons and economic development programs?  Perhaps Kim feels his plans are progressing…

By Sungeun (Grace) Chung Maintaining peaceful and cooperative international relations has become exceptionally important in a global society. There are two means that a nation can use to influence the preferences of international audiences: hard power and soft power. While exercising hard power is associated with the use of military and economic compulsion, soft power…