Asia

The Middle East offers huge trade opportunities to South Korea, especially after the P5+1 agreement with Iran. President Park Geun-hye’s May 2016 visit to Iran has demonstrated this economic potential…

North Korea has been under several rounds of economic sanctions since the beginning of the Korean War in 1950. Economic coercion, however, has had no major effect on the Kim…

This paper details the nature of transboundary air pollution in Northeast Asia, employing an analytical approach rooted in the political economy of the region. To measure public perceptions of the…

This is the full publication PDF for Vol. 30 of Korea's Economy Dear Readers, We are honored to present to you the 30th edition of Korea’s Economy. Over the past…

In this episode we speak with Doug Goudie, Director of International Trade Policy at the National Association of Manufacturers (NAM). Mr. Goudie draws from his experiences to share his perspective…

In this episode we hear from Tami Overby, Vice President for Asia at the U.S. Chamber of Commerce and former President of the American Chamber of Commerce in Korea. Ms.…

Now in its tenth year, KEI’s Opinion Leaders Seminar (OLS) is an annual gathering of some of the world’s foremost policymakers and scholars on the U.S.-South Korean alliance. In this…

An exclusive interview with Dr. Alon Levkowitz, author of the most recent edition of the Korea Economic Institute’s Academic Paper Series. His paper, titled “The Republic of Korea and the…

Korea once again found itself as an important facilitator for discussions on international artificial intelligence (AI), co-hosting the recently concluded AI Seoul Summit. The summit served as a follow-up to last year’s inaugural AI Safety Summit, which took place in the United Kingdom, and it produced a number of new commitments regarding the safe and…

Line, a popular messenger and social media platform in Japan used by around 70 percent of the population, has emerged as the next potential challenge for the fragile relationship between Seoul and Tokyo. Run by Line Yahoo, Line is jointly owned by the South Korean tech company Naver and the Japanese company SoftBank, each holding…

With the dust settling from the South Korean general election, which witnessed the highest voter turnout for a legislative election since 1992, the general consensus from both the left and the right is that the outcome was a significant setback for the ruling People Power Party (PPP) and by extension, President Yoon Suk Yeol. For…

South Korea stands out for its investments in innovation, notably high enrollment rates in tertiary education and large investments in research and development (R&D) and patents. Nevertheless, labor productivity (output per worker) in South Korea was 23 percent below the average among OECD countries in 2021. Strengthening the innovation ecosystem and boosting the return on…