Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

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 North Korea’s 2012 New Year Editorial had a few highlights with ample unsharpened messages. The overall objective was to emphasize strength and unity under the new Kim Jung-un leadership. In doing so, however, the editorial portrayed an undertone of crouching inwards with a few sprinkles of the typical rhetoric of criticism…

By Troy Stangarone While 2011 will ultimately be remembered for the passing of Kim Jong-il, it was also a year of significant change and new milestones for both South Korea and the U.S.-Korea alliance. In many ways, 2011 really began in the waning days of 2010 for South Korea. On November 23 last year, North…

By Chad 0'Carroll Hundreds of thousands of mourning North Koreans lined the bitterly cold streets of Pyongyang today to say goodbye to their leader, Kim Jong-il.  How real the tears were is impossible to say, but the images were nonetheless extremely reminiscent of what was seen at Kim Il Sung’s funeral  – aside from the…

By Michael J. Mazarr The most significant thing about the dramatic change in North Korea is how little has changed. Kim Jong-il has died, inaugurating a period of complex maneuvering and potential instability within the North’s ruling clique.  The succession to his son Kim Jong-un will be perilous:  The regime’s legitimacy is grounded in personalities,…