Asia

The paper reviews some of the key aspects leading to Korea’s remarkably successful economic transformation, including its consistent and aggressive pursuit of export-led growth, its investments in basic services and…

Korea’s economic development is often cited as a model for other developing nations. One of about 60 countries whose per capita income was less than $300 in the 1960s, only…

Korea has shaken off some of the impacts brought by the Sewol ferry disaster, but its overall pace of growth is still very weak. The Korean economy is forecast to…

The Korean economy has faced several crises, such as the ending of the rapid economic growth era in the 21st century, continued stagnation of per capita GDP growth since 2007…

    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…

U.S. and South Korean companies continued to plow ahead and forge partnerships across several domains in Q2 despite uncertainty surrounding bilateral trade relations and policy. Bolstered by partnerships in technology, shipbuilding, clean energy, and artificial intelligence, new projects include Korean firms constructing U.S. containerships as well as unmanned surface vehicle (USV) development, providing greater support…

New South Korean President Lee Jae-myung takes office at a time of serious economic challenges in South Korea. Real GDP fell by 0.2 percent in the first quarter of 2025, with private consumption, fixed investment and exports all reporting declines. The political crisis triggered by Yoon Suk Yeol and his martial law declaration late last…

According to the World Bank, certain minerals associated with battery technology are expected to see relative increases in demand of up to 500 percent by 2050 as part of the global transition to clean energy. Thus, sourcing critical minerals for the clean energy transition will be paramount to its success, particularly in the context of…

On June 10, Cuba’s first Ambassador to South Korea Claudio Monzón Baeza formally opened his country’s embassy in Seoul. The festive event was held with the South Korean Ministry of Foreign Affairs’ director-general for Latin American affairs and included remarks from the Cuban Ministry of Foreign Affairs’ director-general for Asia and Oceania. The Cuban diplomats…