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Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign invested companies and foreign investors…
Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…
During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…
After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…
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…
The digital trade landscape in South Korea offers significant opportunities for U.S. companies, but it also presents a range of challenges. As one of the most technologically advanced countries in the world, South Korea is a lucrative market for digital trade. However, U.S. companies eager to tap into this potential face various challenges, including regulatory…
For decades, U.S. foreign assistance has played a pivotal role in advancing U.S. interests, strengthening alliances, and promoting stability in key regions of the world. Nowhere has this been more evident than in Asia, where U.S. development cooperation with South Korea—itself a model for the benefits of U.S. foreign assistance—has been a vital tool for…
South Korea’s Nationally Determined Contribution (NDC) under the Paris Agreement sets a target of reducing its greenhouse gas (GHG) emissions by 40 percent by 2030 (relative to their peak in 2018). Korea also aims to achieve carbon neutrality by 2050 (Figure 1, Panel A). The targets are ambitious, as Korea was the world’s thirteenth-largest GHG…
In the early weeks after President Yoon Suk Yeol’s attempted imposition of martial law and his subsequent impeachment by the National Assembly, the response in Japan among foreign policy specialists and in the mass media was uniformly supportive, even admiring, of the resilience of Korea’s democratic institutions. “Yoon’s action was undemocratic and inexcusable,” a senior…