Asia

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…

There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…

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…

By Juni Kim The revelations of Choi Soon-sil’s involvement in the administration of President Park Geun-hye and the subsequent scandal late last year have led to record low public approval ratings for President Park and her impeachment by the South Korean National Assembly on December 9th. This is only the second instance of a South…

By Gwanghyun Pyun Recently, the number of claw machines around downtown Seoul have greatly increased, especially in busy nightlife areas such as Sinchon, Hongdae and Gangnam. Unlike in the past when claw machines were scattered around the city’s sidewalks, the machines have become so popular that there are now shops that exclusively run claw machines…

Kyle Ferrier As the Choi Soon-sil scandal has unfolded over the past several months the Korean public’s dissatisfaction with major Korean conglomerates known as chaebols has become second only to Park Geun-hye herself. Allegations of Park leveraging her political position to exchange favors with chaebols, particularly Samsung, are at the core of the public backlash.…

By Jenna Gibson “Thank you, @Samsung! We would love to have you!” Donald Trump wrote on his personal Twitter account, linking to a story about a possible plan for the tech company to build a factory for home appliances in the United States. The article called the announcement by Samsung “A win-win,” saying that “Companies…