Asia

The financial panic of late 2008 and the global economic recession that followed has been the greatest economic shock since World War II. While North Asia was caught up in…

East Asia is an area where real economic activities are closely linked. The brisk trade in goods and services among East Asian countries shows a well-integrated East Asian economy. Most…

A common problem facing students of the economy of the Democratic People’s Republic of Korea (DPRK) is the shortage of available statistics. It is extremely challenging to procure DPRK data,…

In the wake of the fall of Lehman Brothers, in the fourth quarter of 2008 and the first quarter of 2009 Korea was faced with its biggest economic challenge since…

Volcanologist Dr. Kayla Iacovino traveled to North Korea in 2013 as part of a team that was collaborating with North Korean scientists to study Mt. Baekdu, one of Korea's most…

Nicholas Hamisevicz has been KEI's director of research and academic affairs for four years. Now, he is leaving KEI to pursue his Ph.D at Catholic University. But before he goes,…

Within China, the People’s Liberation Army (PLA) is a principle stakeholder in Beijing’s policy decision-making. In recent years, PLA officials have penned some of the more interesting, and forceful, articles…

Over the past few years, North Korea has been holding press conferences starring so-called re-defectors – people who fled to the South and chose to return. Researchers Steven Denney and…

North Korea’s Supreme People’s Assembly, the country’s parliament, adopted the government budget for the new year at its session February 6-7.  The budget law was approved with a pledge to develop the economy and improve the people’s wellbeing despite the “persevering struggle” against international sanctions and the COVID pandemic. A particularly noteworthy aspect of the…

This post was revised on August 21 , 2023 to reflect additional research by the authors. Additional analysis can be found in authors' article Political Polarization in Korea. Korea’s democracy is clearly a success story. Along with Taiwan, it is one of the few Asian countries that transitioned to democratic rule in the 1980s and…

One of the most prominent policy and social problems plaguing the Republic of Korea today is a declining birth rate. The nation fell below the replacement fertility rate of 2.1 in 1983 and rested at 0.84 at the end of 2020. This sustained decline has negative implications for economic growth in the long run as…

As 2021 began, the world was still in the depths of the pandemic and vaccines to protect against COVID-19 were only beginning to become available to the public in a small number of countries. As 2022 begins, the pandemic continues to impact lives and economies around the world but there are signs of recovery. Among…