Displaying all content tagged with the region Asia.
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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)…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
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…
January 24, 2013
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…
January 17, 2013
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…
December 7, 2012
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…
November 26, 2012
By Kenneth Lee Sixty years ago, virtually no one knew of Korea and the few that did would have described it as a war-ravaged backwater of a country. Now, Korea is slowly becoming recognized as a modern and prosperous country. Companies like Samsung and Hyundai are now household names in the West; while Korea’s accomplishments…
June 23, 2014
By Troy Stangarone A little more than a year after North Korea initially withdrew its workers from the Kaesong Industrial Complex, South Korea announced that German manufacturer Groz-Beckert has received approval to open an office in Kaesong to supply industrial needles to textile factories in the complex. This will make Groz-Beckert the second foreign investment…
June 10, 2014
By Nicholas Hamisevicz Just as April is historically one of the most contentious months for inter-Korean relations, the West Sea and the Northern Limit Line (NLL) have been among the most contentious areas in inter-Korean relations. Multiple firefights, the sinking of the Cheonan, and the shelling of Yeonpyeong Island all took place in this region.…
May 28, 2014
By Nicholas Hamisevicz April is often a contentious month for inter-Korean relations. With joint and combined military exercises, along with anniversaries and holidays, there are plenty of opportunities for provocations and hateful rhetoric. April 2014 was no different. An inter-Korean understanding earlier in the year toward ceasing hostile rhetoric has collapsed and North Korea again…