Asia

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…

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 Travis Lindsay China’s active involvement in the passage of UNSCR 2270 demonstrates a shift in its calculus on the Korean peninsula. The Chinese government had long softened the impact of international censure on the Kim regime, either watering down or outright blocking UN resolutions that looked to castigate or materially damage the government in…

By Phil Eskeland Last week, we looked at the Republican Party platform.  This week, the Democratic Party is meeting to nominate its candidate for president and vice president.  Part of the agenda for the convention includes formal approval of the party platform.  As mentioned in the previous post, candidates are not bound by the platform,…

By Jenna Gibson  Every language has "untranslatable words" - a word that perfectly encapsulates a feeling or situation which lacks an exact equivalent in other languages. German's "schadenfreude" famously describes the feeling of deriving pleasure from another person's pain. Korean has plenty of these words. Some commonly cited examples are 정 (jung), a deep love…

By Juni Kim Notoriously chilly relations between South Korea and Japan received encouraging news this week. In a new joint survey conducted by the South Korea-based East Asia Institute and the Japan-based Genron NPO, fewer South Koreans and Japanese hold negative impressions of each other than in previous years. South Korean unfavorable impressions of Japan…