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 Troy Stangarone South Korea’s ambition to become a regional free trade hub in East Asia took another step towards reality as South Korea and China announced the outline of a conclusion of their bilateral FTA negotiations at the opening of the 2014 APEC summit. Once the FTA has been implemented, Korea will find itself…

By Adam Cathcart As the rest of the world gets accustomed to seeing Kim Jong-un walk with a cane, we might do well to figure out what, if anything, is changing about the way that the broader North Korean state engages with the economic powerhouses that engulf its southern and northern peripheries. KEI's Director of…

By Nicholas Hamisevicz After not being seen in public for over a month, surely Kim Jong-un would be at the 69th anniversary celebrations for the founding of the Workers’ Party of Korea today. But, there was no sighting. The conspicuous absence of Kim Jong-un will continue to fuel speculation about his health, about the current…

By Nicholas Hamisevicz In a surprising move, North and South Korea held a high level meeting shortly before the closing of the Asian Games. While Kim Jong-un’s whereabouts are still unknown, the perceived number two official in North Korea, a closely connected leader with Kim Jong-un, and the person in charge of North Korean relations…