Asia

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, 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…

What Happened Severe Disaster Law was passed to protect employees working in environments with insufficient safety regulations. While the new legislation intensifies punishments for chief executives, it does not provide supplementary safety regulations. The effectiveness of the new bill is questioned as workplaces with fewer than 5 employees are not affected by the new legislation despite…

What Happened The ruling Democratic Party is developing a plan to incentivize big corporations to share part of their profits with entities that were heavily affected by COVID-19. The ruling party wants to promote voluntary participation through incentives such as tax benefits and administrative support. Some National Assembly delegates and policy commentators voiced their demand for more…

What Happened A 16-month-old toddler was killed by her adoptive parents in 2020. An investigative report revealed that the police and other protective services were aware of possible abuse prior to her death. A nation-wide campaign led to the National Assembly Legislative Judiciary Council advancing new legislation requiring public agencies to investigate all reports of child abuse. Implications: Despite the South…

A three-hour military parade and a fireworks display in Pyongyang on January 14 punctuated the end of the 8th Congress of the Workers Party of Korea.  The 8th Congress, which lasted eight days, was the first such high party gathering since 2016 and only the second since the 6th Congress was held in 1980.  Such…