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…

In this episode, Korean Kontext speaks with Ms. Jie-ae Sohn, President of Arirang TV & Radio, Korea’s first English language international broadcast system. Ms. Sohn worked as the former CNN…

Preventing Iran from acquiring nuclear weapons has emerged to be one of the key foreign policy priorities of the Obama administration. Despite efforts among Western powers to form a united…

By the time you read this, the KORUS FTA will have entered the implementation stage. To celebrate, Korean Kontext caught up with two of the main movers-and-shakers behind the deal…

This episode of Korean Kontext has a distinctly British flavor, featuring interviews with two leading Ambassador’s that work closely on UK and Korea related affairs. While recently in London, Korean…

By Sarah K. Yun  On November 8, China will begin its once-in-a-decade leadership transition at the 18th Party Congress. The current vice president Xi Jinping is expected to be named the general secretary and de facto leader of the country, while Li Keqiang is set to become prime minister, largely overseeing economic policies.  Xi is…

In this week's Asan Institute for Policy Studies public opinion poll Ahn Cheol-soo and Moon Jae-in remain deadlocked in the race for the race to be the progressive standard bearer in the December presidential election. Ahn and Park Geun-hye also remain neck and neck in a hypothetical two way race, with Park leading a three…

By Luke Herman As the Kim Jong Un regime completes its eighth month in power following Kim Jong Il’s death in December 2011, there seem to be a number of differences between how this succession is being carried out with how it was carried out in 1994. For one thing, it has proceeded at a…

By Clare Hubbard The 2012 Heritage Foundation/ Wall Street Journal Index of Economic Freedom ranks North Korea last, after Cuba and Zimbabwe, with an economic freedom score of 1.  However, in the mid-1990s famine when women and men had to focus on securing food by generating income and bartering for staples and foodstuffs, small-scale markets…