Asia

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…

    In the mid-1990s, North Korea experienced a famine that by some estimates wiped out 10 percent of the population. Though many at the time thought the regime would…

      Over the last decade, China has become an increasingly important country for South Korea has it has emerged as Seoul’s largest trading partner and a leading player…

    On April 8, North Korea withdrew all of its workers from the Kaesong Industrial Complex, temporarily placing on hold the last form of cooperation between North and South…

South Korea’s nuclear energy industry has for decades been facilitated through close cooperation with counterparts in the United States under what is known as a “123 Agreement”.  Today South Korea’s…

In the latest public opinion poll from the Asan Institute for Policy Studies Park Geun-hye and Ahn Cheul-soo remain in a neck and neck race. While in a two way race between Park and Moon Jae-in, Park has opened up a 5 point lead. In the race to determine who will represent the progressive side,…

By Nick Miller Main Actors within North Korea Decision Making North Korea’s political structure is a set of institutions built to sustain the Kim family. The Korean Worker’s Party (WKP) and other state agencies were designed by Kim Il-sung and Kim Jong-il to be used to play rivals off one another and assist him in…

By Chad 0'Carroll This Friday South Korea will make a new attempt at launching a satellite using the Korea Space Launch Vehicle-1 (KSLV-1). If it is successful, the ROK will become the eleventh country in the world to have developed a national capability to send objects into orbit. But after its two previous failures, this…

By Seongjin James Ahn Recently, South Korean music artist PSY projected himself into international fame with “Gangnam Style”, a song and music video that went viral online and parodies the opulent lifestyles of Seoul’s upper class – and of those who try to imitate it.  While both humorous and entertaining, PSY’s song ultimately points to…