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 Sarah K. Yun After the failed April 13 rocket launch, North Korea seemed to be headed towards increased isolation from the international community. The United Nations Security Council tightened the sanctions regime, while the United States canceled the 24,000 metric tons of food aid that had been part of the “Leap Day” Agreement. However,…

By Seongjin James Ahn   Uncertain Times Ahead Due to its place in the global economy, it was inevitable that South Korea would feel the pinch of weakening global economic conditions. To say that the country is on the verge of a crisis would be going too far, but issues that have been brewing over…

By Troy Stangarone In what is becoming an annual tradition, North and South Korea agreed to raise the wages of workers in the Kaesong Industrial Complex by the maximum 5 percent allowed to $67.05 a month under the established agreements between the two Koreas. While the increase in wages is clearly good the 51,000 or…

By Nicholas Hamisevicz In a recent column in the New York Times, David Brooks describes the contradictory nature of the Olympic Games to argue that those working in business and politics must be able to embrace and work with opposite impulses in order to be successful. He notes that the world is a contradictory place…