Asia

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…

There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…

  With the recent retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its space program. According to Daniel Pinkston of the…

      Since the famine of the 1990s, North Korea has continued to face periods of chronic food shortages. However, the humanitarian needs of the people in North Korea…

    North Korea has engaged in various forms of economic reforms and marketization attempts such as establishing Special Economic Zones and obtaining Foreign Direct Investment. Yet, many of North…

    In this episode, we talk with Dr. Yiagadeesen Samy of Carleton University on income inequality in South Korea and its affect on Korea’s economy. Dr. Samy is an economist…

By Nicholas Hamisevicz Similar to previous months, inter-Korean relations remained tense, especially in the West Sea. South Korea claimed North Korea was renting out fishing grounds in the West Sea to Chinese fisherman, who then began to encroach beyond the Northern Limit Line (NLL) into South Korean territorial waters. Moreover, a South Korean military drill…

By Clare Hubbard While atrocious human rights violations continue in North Korea, the South Korean public remains focused on their daily lives. A prolonged separation and ideological division on the Korean peninsula has gradually produced two different peoples and the younger generations of South Koreans are losing more and more interest in their North Korean…

By Kenneth Lee Sixty years ago, virtually no one knew of Korea and the few that did would have described it as a war-ravaged backwater of a country. Now, Korea is slowly becoming recognized as a modern and prosperous country.  Companies like Samsung and Hyundai are now household names in the West; while Korea’s accomplishments…

By Troy Stangarone A little more than a year after North Korea initially withdrew its workers from the Kaesong Industrial Complex, South Korea announced that German manufacturer Groz-Beckert has received approval to open an office in Kaesong to supply industrial needles to textile factories in the complex. This will make Groz-Beckert the second foreign investment…