Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

    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…

By Karin Lee, NCNK In December 2010, North Korea began asking multiple countries for food aid.  Its request to the U.S. came in early 2011, but it wasn't until December 2011 that a deal seemed close, with the U.S. prepared to provide 240,000 metric tons (MTs) of assistance. Kim Jong Il died soon after this…

By Ben Hancock It’s still unclear whether the rapid political shift underway in Burma can carry its momentum. Even the matter of what is truly driving its evolution seems to be guesswork at this point; and as the NYT’s Edward Wong reminds us, there is the minor matter of a seething rebellion in the Kachin…

By Sarah K. Yun For the first time in Korean politics, two women are leading the ruling and opposition parties.  Two other women became the chairpersons for the most liberal party in Korea.  In January 2012, Korea was accepted to chair the United Nations Women, which promotes gender equality and empowerment of women.  Also recently,…

By Yu, Byoung-gyu  The sudden death of North Korean leader Kim Jong-il has increased uncertainty regarding the future of inter-Korean economic cooperation. The prospects for economic cooperation between the two Koreas can be considered from both short term and a medium to longer term perspectives. In the short term, deadlock on economic cooperation will likely…