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In the press conference that followed the Singapore summit in June 2018, President Trump announced that he would stop the “war games” since they were costly and provocative. Subsequent large-scale…
As COVID-19 continues its global spread, the economic implications are anticipated to be significant. Depending on magnitude of spread, the fall in Korea’s real GDP is estimated at between 0.51%…
Under President Moon Jae-in, South Korea has set an ambitious target to move from being “first in the world” in the race to 5G to “first in global quality.” Yet,…
India and South Korea, Asia’s third- and fourth-largest economies, respectively, established a Comprehensive Economic Partnership Agreement (CEPA) in 2010 and upgraded their relationship to a special strategic partnership in 2015.…
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…
What Happened The Ministry of Trade, Industry, and Energy announced earlier this week to put some nuclear reactors back in operation to meet the public’s energy demand amid the ongoing heatwave. The government is also urging businesses and the public to roll back their electricity consumption as current demand threatens to outstrip supply. The increased demand for electricity has…
As K-pop’s popularity expands beyond South Korea, industry leaders are expanding to the American market by joining hands with large American record labels – HYBE, the entertainment company that manages the popular band BTS, announced a partnership with Universal Music Group. Meanwhile, another major South Korean entertainment company SM signed a similar agreement with MGM. These partnerships hope…
What Happened Last week, South Korea’s top policymakers discussed plans for dealing with the country’s low birth rate and the falling size of the country’s working-age population. One proposed measure calls for extending after-school childcare services to encourage mothers to focus more on work. However, parents and teachers’ groups are criticizing the government’s plan saying what is really needed…
What Happened Shipping terminals in Busan are struggling to find cargo space for their clients because global carriers are prioritizing goods from China’s factory belt over those from South Korea. The trade disruption caused by the pandemic led to a reduction in the number of available shipping containers in Asia. The lack of shipping containers is especially hitting smaller…