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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…
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…
What Happened Public support for strict social distancing in South Korea fell from 84% support in July to 65% in August. A survey from September showed that 73.3% of South Koreans support the start of the “With Corona” policy in November. The Korean government announced its plan to begin “With Corona” policy in the second week of November. Implications: Public opinion…
Squid Game - the first Korean show to top Netflix’s charts - follows the country’s long cinematic tradition of examining inequality and power relations. The story focuses on a group of indebted people who accept a mysterious invitation to participate in a series of children’s games for a chance to win approximately USD 40 million.…
What Happened A report from February 2021 identified differences in people’s ability to access private education as a key reason behind differing levels of academic achievement. This achievement gap appears to have accelerated during the COVID-19 pandemic due to remote learning. On August 27, the Mayor of Seoul began offering private online education to students to reduce disparities in academic…
What Happened The ruling Democratic Party’s presidential frontrunner, Lee Jae-myung, faced scrutiny over allegations that Seongnam city extended preferential treatment to a private asset management company during his mayorship. Meanwhile, newspapers broke the story that the same company provided the son of opposition lawmaker Kwak Sang-do with an unusually large severance payout of USD 4.2 million when he changed…