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…

Given the paucity of data on North Korea, the food prices provided by Rimjingang and DailyNK are often used for a variety of analytic purposes: to monitor seasonal fluctuations that most affect the poor; as a wider proxy for inflation; and as an indicator of larger constraints on the economy, including sanctions and the border…

On February 22, 2022, the Korea Fair Trade Commission (KFTC) conditionally approved the merger of the two largest air carriers in South Korea—Korean Air and Asiana Airlines. This approval comes nearly a year and a half since Korean Air’s announcement that it would buy a nearly 64% stake in its sole major domestic competitor for…

In December 2021, Yoon Suk-yeol’s campaign released a short candidate clip. Looking and sounding just like the candidate, the ‘man’ in the video says, “hello, it’s ‘AI Yoon Suk-yeol,’ are you surprised at how much I look like [him]?”  Since then, the campaign would go on to release short clips of the candidate responding to…

Labor market dualism – the segmentation between regular and non-regular workers -- is deeply entrenched in Korea’s labor market. Regular workers receive higher wages and social insurance coverage and a high degree of job security, while non-regular workers receive lower wages, are less likely to be covered by social insurance and work in precarious jobs.…