Asia

Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos), commercial paper (CP), and cover…

This article investigates the progress in corporate governance reform in Korea since 1997 as well as current corporate governance challenges. It focuses on corporate governance issues and, as such, does…

According to a preliminary estimate by the Bank of Korea on 4 January 2008, Korea’s per capita gross domestic product (GDP) and per capita gross national income (GNI), which adjusts…

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together to meet international challenges. For…

    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…

Heads of government of the world’s 20 largest economies met in Rome for their annual G20 economic summit last week.  The G20 member countries together account for more than 80% of the world GDP, 75% of global trade, and 60% of the world’s population.  Although the organization’s 2020 summit was held virtually because of the…

According to the statistics from Korean Customs Service, Korean food product exports reached a record high with USD 4.3 billion shipments in 2020. This largest-ever increase in food exports (14.6%) came despite an overall decrease in total Korean export goods. In particular, the export of rice products and ramen soared by 53.3% to USD 37 million…

What Happened In March, the municipal government of Seoul ended its mandate for all foreign workers to be tested for COVID-19 after drawing criticism from lawmakers, activists, and foreign embassies. Observers commented that local health policies targeting Korea’s international community may harm the country’s engagements abroad. Ahead of Halloween, the Ministry of Health and Welfare announced plans to make special inspections…

What Happened The South Korean government shared biometric data collected at Incheon Airport with private sector artificial intelligence (AI) developers. Although the project was publicly disclosed in 2019, the government had not revealed to the public that the information would be shared with private sector companies. A privacy advocacy group plans to launch a class-action lawsuit in response to…