1986 Posts located
Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…
Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…
There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…
In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…
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…
President Moon Jae-in pledged in October 2020 that Korea will reach carbon neutrality by 2050, joining a number of European countries and Japan. With China aiming to be carbon neutral by 2060, Korea becomes the third big Asian economy to announce a target for achieving carbon neutrality. Korea’s objective is in line the Intergovernmental Panel…
What Happened Samsung Vice Chairman Lee Jae-yong was sentenced to two and a half years in prison for the second time for bribing former President Park Geun-hye’s close advisor. While the court gave Lee a shorter sentence than average for the crime, 46% of the Koreans in a survey believed that the punishment was too harsh. Recently, the Seoul Central District…
What Happened: President Moon Jae-in vowed to focus more on increasing housing supply to discipline runaway real estate prices. The government attributed the failure of its previous effort to deliver affordable housing to the growth of households despite the shrinking population. The administration plans to develop more housing sites near train stations in Seoul and surrounding areas…
For North Korea to return to some semblance of its pre-COVID existence it will need to vaccinate its population, but acquiring the necessary vaccines will not be the only challenge North Korea faces. Once North Korea has acquired a vaccine to begin dosing its population, it will still need to have a proper cold chain…