Asia

After decades of rapid growth led by large, industrialized chaebol firms, Korea has reached the technology frontier in many of its largest industries and run out of room for future…

Korea has made fostering a “creative economy” a top priority to sustain economic development and avoid the “low-growth trap.” The goal is to shift Korea’s growth strategy from an emphasis…

Since the late 1990s, Korea has sought a FTA with its trade partners, while the EU has been pivoting to Asia since the mid-2000s in search of a FTA partner.…

Last year was a special year for Korea and Italy as it marked the 130th anniversary of the Korean-Italian diplomatic relationship. Today, Korea and Italy share similar economic features including…

    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 recent days, North Korea’s human rights abuses were again debated at the United Nations and a resolution critical of Pyongyang is being circulated for consideration.  North Korea’s human rights record has been debated and a resolution critical of the government in Pyongyang has been adopted by the UN General Assembly every year since December…

At the end of September, the Republic of Korea attended a meeting of the Partners in the Blue Pacific (PBP). The initiative, led by the U.S., Australia, Japan, and Britain, aims at working with states in Oceania on advancing regional development. Ahead of the meeting, the Korean government was equivocal to the initiative. "Nothing has…

The 2022 OECD Economic Survey of Korea, released in September, highlighted the need to strengthen the social safety net. In particular, the share of the population aged 65 and older in relative poverty exceeds 40%, nearly triple the OECD average (Figure 1). Ensuring adequate retirement income requires reforms to improve the National Pension Service (NPS),…

Recent debates on South Korea securing an independent nuclear weapons capacity have addressed several issues, including strategic relevance and operational utility, its impact on the U.S. alliance, how it will affect the balance of power on the Korean Peninsula, and its contribution to the regional arms competition. Less discussed has been the question of South…