Asia

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…

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…

In South Korea, culture plays an active role in developing industries – and industries help further promote Korean culture. Developments in the “metaverse” show us how this partnership operates. In response to the pandemic, companies are building online worlds where people can interact with other users through a virtual character (think about using a multiplayer…

What Happened In 2011, the South Korean government made an anti-online gaming law dubbed the “shutdown law” or the “Cinderella law” that blocks those under the age of 16 from accessing games after midnight in an effort to curb game addiction among adolescents. This year, teens blocked from buying the popular computer game Minecraft petitioned the presidential office to…

After the first U.S-North Korea summit held in Singapore in 2018, President Donald Trump and Chairman Kim Jong-un vowed to “establish new U.S.–DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.” Although an end of war declaration has been identified as one way for both sides…

In the summer of 2017 Rex Tillerson, during his tenure as Secretary of State for the first 13 months of the Trump administration, authorized a “Geographical Travel Restriction” prohibiting U.S. citizens from traveling “into, through or in North Korea.”  The travel prohibition became effective on September 1, 2017, and it was valid for one year. …