Asia

The COVID-19 pandemic has been the most significant economic disruption to the international economy since the Great Depression. The IMF estimates that the global economy contracted by 3.5 percent last…

Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…

Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…

The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…

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…

What Happened On the week of April 25, North Korean defector group, Fighters for a Free North Korea, launched balloons with anti-DPRK messages into North Korea. These balloons were launched in defiance of South Korea’s anti-leaflet bill, which was finalized by the National Assembly in March in concert with efforts to improve relations with Pyongyang. Seoul’s Metropolitan…

What Happened Incheon, the longtime destination for Seoul’s garbage, is demanding Seoul city Mayor Oh Se-hoon adhere to Incheon’s request that Seoul finds a new landfill for its waste by 2025. With the increase in home deliveries during COVID-19, plastic and recyclables were thrown away at an unprecedented rate in 2020. China’s 2017 ban on trash and recyclable imports has…

What Happened On April 27, senior ROK government officials met to prepare for next month’s Partnering for Green Growth and the Global Goals (P4G) summit. At this preparatory meeting, Foreign Minister Chung Eui-yong reiterated President Moon’s statements on the importance of implementing South Korea’s carbon goals before next month’s summit. Despite Moon’s pledge to reduce emissions during a U.S.-led climate summit…

Korea stands out for its success in handling the COVID-19 pandemic and limiting its economic impact. The 1.0% fall in real GDP in 2020 was the smallest decline among the 38 member countries in the OECD. Nevertheless, employment (including the self-employed) in February 2021 was 1.8% below its year-earlier level. Women accounted for about 60%…