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In the aftermath of the Global Financial Crisis, the multilayered international financial governance regime has been strengthened. In East Asia, this regime includes an ASEAN+3 regional layer designed to complement…
Dear Readers, With the 31st edition of Korea’s Economy, we have turned our focus to Northeast Asia where China and Japan represent two of South Korea’s most important trading partners.…
The ROK-Japan relationship seemingly found a floor after the downward spiral that marked the end of the Lee Myung-Bak presidency and the first three years of President Park Geun-hye. Seoul…
This report conducts an analysis of the corporate bond market in Korea and the changes in interest rates and term structure since the 1997 Asian financial crisis. The potential risks…
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 South Korea plans to resume in-person classes for all students in the fall. Ahead of this full reopening, the government expanded the maximum in-person attendance for middle school students in the Seoul metropolitan area in mid-June. This decision comes on the heels of a new study that showed declining academic achievement levels among some middle school students. Implications: The…
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…