1986 Posts located
International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…
After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…
For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…
As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…
This episode, Korean Kontext speaks to Phillipe Cousteau JR, chief spokesperson for the USA Pavillion at the 2012 Yeosu Exposition. With the overall theme of the expo named “The Living…
Our latest edition of Korean Kontext focuses on the recent death of Kim Jong-il and the prospects for North Korea under the stewardship of his son, Kim Jong-un. In this…
Ever wondered why someone might be motivated to spend their summer vacation in the DPRK, or interested to learn about the guides that accompany visitors during a stay in North…
In this episode, Chad 0Carroll speaks with “TK” (”The Korean”), the man behind the must-read blog, “Ask a Korean”. TK has been running his blog for five years and it…
“Previously, all the people used to sing the song We Are the Happiest in the World, feeling optimistic about the future with confidence in the great Comrades Kim Il Sung and Kim Jong Il. I will work with devotion to ensure that the past era does not remain as a moment in history but is re-presented in the…
By Nayoon Lee On November 14th, Han Min-goo, the Minister of National Defense tentatively signed the General Security of Military Information Agreement (GSOMIA) with Japan. Despite the political controversy regarding GSOMIA, which some see as an opportunity to strengthen Korea’s defense and others as drawing too close to an unrepentant Japan, President Park Geun-hye approved…
By Jenna Gibson The South Korean government has been pretty creative in its search for a solution to their rock bottom birth rate – from subsidies for fertility treatment to encouraging employees to go home without saying goodbye to their boss. But one of the country’s giant conglomerates is taking a more drastic step by…
By Jaeho Jeon South Korea faces a household debt crisis. Household debt reached more than 1,257 trillion won ($1.1 trillion) in the second quarter of this year, up 125.7 trillion won and 11.1 percent from a year ago. This marks the highest level for household debt since the government began compiling related data in 2002.…