Asia

The purpose of this research is to identify an exchange rate regime that would be suitable for North Korea to achieve its goal of economic reform. To do so, we…

This paper reviews and evaluates the development of Bank of Korea policy in historical and comparative perspective. The historical perspective focuses on the most recent of the three stages of…

During the past decade there has been growing academic interest in the field of nation branding. It is increasingly common for governments to adopt the techniques of brand management in…

In Northeast Asia and the United States during the later months of 2008 a great deal of attention was paid to the health of Kim Jong-il. Rumors of a stroke,…

    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…

Earlier this year, President Yoon Suk Yeol took steps to stabilize relations with Japan. Since then relations have been advanced through two bilateral summits, a meeting at the G7, and an expected trilateral summit later this August with the United States. Despite these advances, there are issues that could still constrain relations, specifically Japan’s plan…

President Yoon Suk Yeol presided over the Presidential Committee on an Aging Society and Population Policy in March. It was the first time that a president had attended a meeting of the Committee since 2015, reflecting rising concern over the decline in Korea’s total fertility rate to 0.78 in 2022 (Figure 1). It is the…

A remarkably detailed joint statement emerged from the May 22, 2023, summit meeting in Seoul between President Yoon Suk Yeol and European Commission President Ursula von der Leyen and European Council President Charles Michel--the twin leadership of the EU.  The statement noted the 60th anniversary of diplomatic relations between the EU and ROK; described common…

The ROK-U.S. state visit significantly strengthened the alliance amid changes in the international order, such as the Ukrainian war and intensifying U.S.-China competition. The two countries adopted six joint statements, including the "Washington Declaration," which is significant in expressing the U.S. commitment for extended deterrence and South Korea's willingness to comply with the Treaty on…