Asia

In recent years, North Korea has faced economic shocks from UN sanctions and the pandemic. As Dr. Jongkyu Lee (Senior Fellow at the Korea Development Institute) writes in his new…

Following a record number of North Korean missile launches, as well as tests by South Korea, assertions have been widely and uncritically made that Seoul is participating in an inter-Korean…

Although the Korean Peninsula has been divided for over 70 years, North and South have not been able to make lasting progress in terms of reconciliation. While there are multiple…

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

With Washington DC stuck in a snowstorm, please enjoy this episode of Korean Kontext originally published in 2012.   B.R. Myers is the author of “The Cleanest Race” and regular…

Every January, KEI publishes its predictions for the 10 issues to watch for on the Korean Peninsula in the coming year. Then, in December, we revisit our predictions to see…

North Korea watchers have been trying for years to understand the inner workings of the reclusive regime. With the country launching its 4th nuclear test this week, recognizing the structure and…

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…

By Sungeun (Grace) Chung These days, college students graduate into a competitive job markets where a high unemployment rate and an oversupply of workers coexist. Yet the case of South Korea is extraordinary. Despite the miraculously rapid economic growth following the Korean War, which is referred to as the “Miracle on the Han River.” However,…

By Juni Kim Although not a focal point of the ongoing presidential campaigns, U.S. policy regarding the Korean peninsula has come up from time to time with both major party candidates Donald Trump and Hillary Clinton. With scant information on American public opinion regarding Korea and its importance, a recent survey by the Chicago Council…

By William Brown Any hopes that last spring’s “toughest ever” UN Security Council sanctions would cripple North Korea’s economy are likely to be dashed by recently released Chinese customs data.  An August surge in Chinese exports to North Korea, up 41 percent from a low point a year ago, and a 16 percent boost in…

By Maria Rosaria Coduti On September 9, the day of the anniversary of the founding of the Democratic People’s Republic of Korea (DPRK, or North Korea) by Kim Il Sung, Pyongyang conducted its fifth underground nuclear test at the site of Punggye-ri, in the Northeastern region of the country. The U.S. Geological Survey (USGS) detected…