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 Troy Stangarone When North Korea withdrew its workers from the Kaesong Industrial Complex in 2013, confidence in the inter-Korean venture was severely damaged. Firms in the complex lost not only production and revenue, but contracts as well. Over the last year, South Korea has sought to make the complex more resilient in the face…

By Nicholas Hamisevicz Early January is usually a time of optimism as goals are set and plans are made for a new year. Regrettably, there is often little progress on those efforts just a few weeks later. For inter-Korean relations, a similar process occurs. There is hope for better relations as both leaders usually have…

By Mark Tokola, Troy Stangarone, and Nicholas Hamisevicz Last year saw a series of significant events on the Korean peninsula. On the economic front, South Korea concluded free trade agreements with Canada, New Zealand, Australia, and Vietnam, and reached substantial conclusion on a deal with its largest trading partner, China. While inter-Korean relations avoided the…

By Mark Tokola On Wednesday, January 21, four Korean workers were crushed to death at the Geochung Shipbuilding Company in Busan when the operator’s cabin broke away from a 40-ton crane.  A police officer told the press, “It appears that they were trying to disconnect the cabin without proper safety equipment.”  The police will now…