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…

Popular culture can amplify a country’s soft power - and much has been made about K-pop’s contributions to South Korea’s ability to reach a global audience. However, these cultural assets are often constrained and cut down to size by the country’s own toxic political discourse. In Korea, anti-feminist ideology may become the breakwater to the…

What Happened Survey from the Organisation for Economic Co-operation and Development (OECD) showed that Korea’s fertility rate was 0.92 in 2019, lowest among member countries. Data from September 2021 revealed that the birth rate dropped 6.7% compared to the same time last year. Although the South Korean government has offered cash incentives for parents, the policy has…

What Happened Newspapers criticized a female police officer who fled the scene of a stabbing. The incident reignited debate over the capability of women to serve in the police force. But the incident also comes amid growing criticism of police competence and growing calls to improve the training of its personnel. Implications: Discussions of broad social issues are increasingly being scrutinized…

Koreans head to the polls in March to elect the next president of the Republic of Korea. Current President Moon Jae-in is not permitted to stand again, and the election to choose his successor will be a close one. Polls conducted in recent weeks give Yoon Seok-youl of the conservative People Power Party a lead,…