Asia

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…

In this episode, Korea Economic Institute’s Director of Communications Chad 0Carroll speaks with Scott Snyder of the Council on Foreign Relations. Having written a number of publications on U.S. relations…

In this episode, Korea Economic Institute’s Director of Public Affairs and Regional Issues Sarah Yun speaks with Dr. Andrei Lankov of Kookimin University. Having written a number of books on…

In this episode, new Korean Kontext presenter speaks with Curtis Melvin, the man behind the NK Econ Watch blog and developer of “North Korea Uncovered”, a Google Map overlay that…

In this episode, we speak with Kevin O’Donnell, who, after decades on a private sector career path, became the first-ever Peace Corps country director for South Korea, followed by a…

By Nicholas Hamisevicz “Survive and advance” is a phrase often associated with the month of March with the NCAA basketball tournament in the United States, but the phrase could be applied to the month of April for events on the Korean peninsula. The two Koreas, as well as the other countries involved in Northeast Asia,…

By Nicholas Hamisevicz March was expected to be a difficult month for inter-Korean relations with the joint U.S.-ROK military exercises taking place and the lack of progress between the two Koreas in January and February. Unfortunately, events in March suggest even more difficult times ahead for relations between North and South Korea even without military…

By Matthew Nitkoski According to former National Assembly Speaker Park Kwan-yong, the United States will soon turn away from its North Korea denuclearization strategy and focus on nuclear non-proliferation issues. His comments come at a time when North Korean advancements in warheads and delivery mechanisms are forcing regional states to reassess their capabilities and reconsider…

By Mark Tokola One March 26th newspaper headline read: “South Korea Seeks Membership in Asian Infrastructure Investment Bank.”  Another newspaper’s headline read: “Decision to Join China-Led Bank Tests South Korea’s Ties to U.S.”  The latter probably drew more readers because, face it, stories about multilateral lending institutions rarely stir excitement.  Stories about potential rifts between…