Asia

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

  When Marja Vongerichten was 19, she met her birth mother for the first time since being adopted at age three. The first thing they bonded over, Marja says, was…

Born in Brooklyn, Chef Edward Lee always loved cooking. And after graduating from college with an English literature degree, he returned to that love and became an award-winning chef. Not…

In the decades following the Korean War, North Korea initiated a top-secret project to kidnap ordinary people from Japan, reeducate them, and turn them into international spies for the regime.…

Every year on January 13, the Korea Economic Institute of America (KEI) sponsors a luncheon in Washington, DC to mark Korean American Day and recognize the local and national Korean…

Earlier this year, President Yoon Suk Yeol took steps to stabilize relations with Japan. Since then relations have been advanced through two bilateral summits, a meeting at the G7, and an expected trilateral summit later this August with the United States. Despite these advances, there are issues that could still constrain relations, specifically Japan’s plan…

President Yoon Suk Yeol presided over the Presidential Committee on an Aging Society and Population Policy in March. It was the first time that a president had attended a meeting of the Committee since 2015, reflecting rising concern over the decline in Korea’s total fertility rate to 0.78 in 2022 (Figure 1). It is the…

A remarkably detailed joint statement emerged from the May 22, 2023, summit meeting in Seoul between President Yoon Suk Yeol and European Commission President Ursula von der Leyen and European Council President Charles Michel--the twin leadership of the EU.  The statement noted the 60th anniversary of diplomatic relations between the EU and ROK; described common…

The ROK-U.S. state visit significantly strengthened the alliance amid changes in the international order, such as the Ukrainian war and intensifying U.S.-China competition. The two countries adopted six joint statements, including the "Washington Declaration," which is significant in expressing the U.S. commitment for extended deterrence and South Korea's willingness to comply with the Treaty on…