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…

On May 28, 2025, the U.S. Court of International Trade (CIT) issued a permanent injunction against wide-sweeping tariffs imposed by the Donald Trump administration using the International Emergency Economic Powers Act (IEEPA), which included universal and reciprocal tariffs announced on “Liberation Day” as well as fentanyl-related tariffs. The CIT’s three-judge panel held that the U.S.…

There is ample public opinion data suggesting a link between U.S. attitudes on trade and trade partners. Recent poll results show that Americans favor trade with countries like China less than with allies like South Korea and Japan. One consideration appears to be how Americans think about trade within the broader context of national security.…

The United States and South Korea scored nearly identical GDP results in the first quarter of 2025 according to newly updated but still preliminary data. Both showed slightly negative change from the fourth quarter of 2024; the United States declining at a negative 0.2 percent rate and South Korea at a negative 0.8 percent rate,…

After months of political uncertainty, South Korea has a new president. Lee Jae-myung, the former mayor of a wealthy Seoul satellite city who leveraged that experience into a governorship of the country’s most populous province and chairmanship of the Democratic Party (DP), won a decisive 49.4-percent victory over the ruling party’s leading candidate. Lee’s victory…