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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…
Taiwan is one of the most sensitive issues concerning China, so it was with some surprise to see it raised at the U.S.-ROK summit held in May. Underscoring shared support for the rules-based international order, the joint statement released after the summit said: “President Biden and President Moon emphasize the importance of preserving peace and…
What Happened On June 7, the Anti-Corruption and Civil Rights Commission announced it discovered 16 cases of suspicious land transactions involving 12 lawmakers from the ruling Democratic Party (DP) – potentially suggesting their involvement in a speculation scheme. Although the commission said it was unable to release the DP lawmakers’ names, the DP leadership decided to release their names…
Outside observers sometimes interpret the adoption of South Korean pop culture trends by North Korea’s state-sanctioned outlets as symbols of the regime buckling under the internal demand for change. The implicit hope is that cultural imitation of South Korea will lead to Pyongyang’s liberalization in other areas, particularly the economy and the political structure. People…
What Happened Internet company Naver’s labor union is publicly criticizing the company’s management after one of its employees took his own life due to excessive workloads and workplace harassment. Other companies have also struggled to create a stable and safe workplace environment, evident in recent strikes protesting overwork in other industries. Gig workers, or “irregular workers,” have received even fewer protections…