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 Traditionally, Korea’s major diplomatic and trade partners consisted of the United States, Japan, China, Europe, and Russia. Under President Lee Myung-bak’s “New Asia Initiative,” Korea has boosted its engagements in the Asia-Pacific, especially smaller neighbors in the region. The rationale is that Korea can serve as an excellent and non-threatening model…

By Chad 0Carroll With North Korea making a number of concessions related to its nuclear and long-range missile programs last week in Beijing, it now looks like a road-map back to the Six Party Talks is emerging.  For its part, the U.S. reaffirmed important positions regarding its intent and commitment to previous agreements with Pyongyang. …

By Caryn Fisher In 2009, a report released by the World Health Organization stated that the suicide rate for South Korea had risen to 31.0 (per 100,000), more than double what it had been only ten years earlier and giving South Korea the second highest suicide rate out of the 107 countries listed by WHO,…

By Nicholas Hamisevicz We now know that the “modest progress” after the U.S’s first meeting with North Korea after the death of Kim Jong-il actually meant that a deal regarding food aid, missile launches, and nuclear tests would be forthcoming. The statement on U.S.-DPRK discussions released today by the U.S. Department of State entails an…