Asia

This paper argues that the impact of Hallyu (the Korean Wave) on the Korean economy has only been effective in boosting related sectors, such as cosmetics, fashion, and tourism. Interestingly,…

This paper proposes a framework for conceptualizing middle powerism in the context of the Fourth Industrial Revolution, using South Korea as an example. The paper argues that the systemic transformation…

In the context of growing US-China tensions, South Korean administrations have opted for degrees of strategic ambiguity, refraining from overt actions that suggest South Korea is taking sides. While strategic…

KEI’s 2021 Report on American Attitudes Toward the Korean Peninsula summarizes results from a survey commissioned by KEI and conducted by YouGov on August 30th to September 7th, 2021. The…

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 On April 1, Seoul and Tokyo met to discuss historical issues, future bilateral meetings, and improving trilateral relations. The meeting came just after Japan’s Ministry of Education approved 30 high school social studies and history textbooks that showed the Dokdo islets as part of Japanese territory. Although South Korea called for the books to be corrected and for the…

What Happened On March 26, the South Korean Defense Minister met with his Indian counterpart to discuss mutual cooperation. Items discussed included increasing defense ties, arms sales, and foreign direct investment. Korean companies are interested in partnering with the Indian military to supply anti-aircraft defense systems and participate in shipbuilding projects. Implications: While Korea has not joined any formal coalitions aiming…

Thomas Bach, current Chairman of the International Olympic Committee (IOC), published a lengthy opinion piece about the Olympic Games last October.  In a strong defense of the games as “an event that unites the world,” he unequivocally proclaimed that “the Olympic Games are not about politics.” While keeping politics out of the Olympic Games may…

With inflation undershooting its 2% medium-term target, the Bank of Korea (BoK) cut its policy rate by 50 basis points twice in 2019 (Figure 1). Faced with further disinflationary pressures during the COVID-19 pandemic, the central bank cut the rate by another 50 basis points in March 2020 and 25 basis points in May, to…