Asia

This past year—2007—was another solid one for Korea’s economy. Buoyed by continued strong exports and a pickup in domestic demand, real GDP is estimated to have grown by nearly 5…

The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take specific actions toward denuclearization that…

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade Agreement (KORUS FTA), an encompassing…

As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains stalled and has begun to…

Not everyone in Korea or foreigners abroad want to hear about national advertising initiatives that focus on mainstream issues like K-Pop, Hallyu or ancient Korean Kimchi culture. Instead, many want…

On January 11, 2013, the Korea Economic Institute of America recently led Washington DC’s celebration of Korean American Day by hosting a luncheon event to honor two Korean Americans for…

With North Korea announcing to the world that it will be attempting to launch a second satellite for 2012, many analysts have been speculating as to why Pyongyang is so…

In this episode we spoke to The Economist’s South Korea correspondent, Daniel Tudor. Having been based in Korea for over a decade, Tudor has just finished writing one of the…

Line, a popular messenger and social media platform in Japan used by around 70 percent of the population, has emerged as the next potential challenge for the fragile relationship between Seoul and Tokyo. Run by Line Yahoo, Line is jointly owned by the South Korean tech company Naver and the Japanese company SoftBank, each holding…

With the dust settling from the South Korean general election, which witnessed the highest voter turnout for a legislative election since 1992, the general consensus from both the left and the right is that the outcome was a significant setback for the ruling People Power Party (PPP) and by extension, President Yoon Suk Yeol. For…

South Korea stands out for its investments in innovation, notably high enrollment rates in tertiary education and large investments in research and development (R&D) and patents. Nevertheless, labor productivity (output per worker) in South Korea was 23 percent below the average among OECD countries in 2021. Strengthening the innovation ecosystem and boosting the return on…

The blatant abduction of Japanese citizens by North Korea around 40 years ago continues to be a sensitive and controversial issue for the Japanese government and the Japanese people, as well as a serious obstacle to improved relations between Pyongyang and Tokyo. From about 1977 to 1983, North Korean military and intelligence operatives kidnapped at…