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The COVID-19 pandemic has been the most significant economic disruption to the international economy since the Great Depression. The IMF estimates that the global economy contracted by 3.5 percent last…
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…
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 Jenna Gibson Before getting into the list, please keep a few things in mind. First, the term “North Korean defectors” is a controversial one. In Korean, various terms have been used to refer to people who left North Korea, reflecting both politics and the shifting demographics of those fleeing. In 2005, South Korea’s Ministry…
By Junil Kim Known equally for inducing both sighs and groans from hopeful and jaded people worldwide, Valentine’s Day is just around the corner on February 14th. If the mere thought of Valentine’s Day is more headache-inducing than swoon-worthy, you could consider the wider array of South Korea’s romantically themed holidays. It doesn’t take an…
By Mark Tokola Make no mistake, South Korea’s shuttering of the Kaesong Industrial Complex (KIC) which it had operated just across the border in North Korea since 2004 is a big deal. Far from being a commercial venture of marginal overall economic importance to the two countries, it has been a powerful symbol that no…
By Seho Park On February 8, South Korea will celebrate Lunar New Year, called Seollal in Korean. Most Koreans get three days of vacation for the occasion, which is one of the most important annual holidays in Korea. Although some traditions have fallen out of popularity as Korea modernized, there are still many customs associated…