Asia

The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take specific actions toward denuclearization that…

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade Agreement (KORUS FTA), an encompassing…

As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains stalled and has begun to…

Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign invested companies and foreign investors…

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…

Doctors’ strikes have made headlines and become a domestic political flash point in Korea, but they are only part of a global problem regarding medical training.  In 2024, junior doctors and interns went on strike in the United Kingdom and Kenya, while China’s Xinhua News Agency highlighted the need for medical education reform due to…

Two years into his tenure, President Yoon Suk Yeol seems proud of his efforts to realize his foreign policy vision. “The global pivotal state diplomacy that we have put into practice since the launch of this government has become the government's signature policy,” he told chiefs of missions during a banquet, according to the Yonhap…

The outcome of South Korea’s parliamentary elections seems undeniable. The opposition Democratic Party (DP) won a convincing victory and together with its progressive allies will hold a commanding 192-seat majority in the 300 seat National Assembly. Former DP presidential candidate and current party leader Lee Jae-myung is cemented, for now, as the likely presidential standard bearer when…

Innovation has played a vital role in Korea’s rapid economic development. Initially led by the introduction of new technology from abroad, Korea has achieved sustained progress toward the global innovation frontier. Korea’s innovation inputs in terms of human capital and research spending are among the highest in the world. It also has the highest share…