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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…
Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…
During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…
After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…
Korean Kontext recently spoke to Gordon Flake of the Mike and Maureen Mansfield Foundation for a conversation about Korea’s rising prominence as a “middle power”. Focussing on South Korea’s rapidly…
62 years ago on this day of June 25, hostilities broke out on the Korean peninsula. It was a conflict that ended only due to what everybody thought would be…
Korean Kontext caught up with Man Asian literary prize winner Shin Kyung-sook for a chat about her latest novel, “Please Look After Mom”. Shin became the first woman and South…
In this special episode, Korean Kontext had the opportunity to speak to South Korean Minister for Trade, Bark Taeho, during his latest visit to Washington DC. KEI’s Vice President, Dr.…
What Happened Named “Operation Miracle,” 391 Afghans who helped the Korean government’s activities in Afghanistan were brought to Korea as “persons with special merit” - but not as refugees. President Moon Jae-in said the successful evacuation was “highly recognized by the international community” and hopes that it will serve as an opportunity to better establish South…
In South Korea, culture plays an active role in developing industries – and industries help further promote Korean culture. Developments in the “metaverse” show us how this partnership operates. In response to the pandemic, companies are building online worlds where people can interact with other users through a virtual character (think about using a multiplayer…
What Happened In 2011, the South Korean government made an anti-online gaming law dubbed the “shutdown law” or the “Cinderella law” that blocks those under the age of 16 from accessing games after midnight in an effort to curb game addiction among adolescents. This year, teens blocked from buying the popular computer game Minecraft petitioned the presidential office to…
After the first U.S-North Korea summit held in Singapore in 2018, President Donald Trump and Chairman Kim Jong-un vowed to “establish new U.S.–DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.” Although an end of war declaration has been identified as one way for both sides…