Asia

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

How is the increasing spread of artificial intelligence (AI) likely to shape the cyber capabilities of the Democratic People’s Republic of Korea (DPRK; North Korea) in the coming years? Over…

In this new article of KEI’s Korea’s Economy,  Dr. Bark Taeho (President of the Global Commerce Institute of Lee & Ko and Former Minister for Trade) notes that Korea has faced…

The COVID-19 pandemic caught almost all countries unprepared. Some countries, including South Korea (hereafter Korea), managed to deal with the pandemic relatively more successfully than others and had a proactive…

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…

Russian President Vladimir Putin has a very short list of countries on his list of available international travel destinations these days. He made a wise choice to travel to Pyongyang, where he could be feted as a fellow dictator and share relief from sanctions-imposed isolation. However, Putin’s decision to sign a comprehensive mutual defense pact…

MSCI, a New York-based international ratings provider, is soon to release its annual Market Classification Review. The findings will determine what next steps Korea needs to focus on to move from the index of emerging markets to that of a developed one. Once the latter occurs, it would allow Korea to be listed alongside other…

During the week from May 28 to June 2, North Korea released over 1,000 large balloons across the demilitarized zone (DMZ) into South Korea. The balloons carried payloads of manure, cigarette butts, used batteries, cloth and plastic fragments, and lots of scrap paper (including used toilet paper). One report said that even dirty diapers were…

Questions of whether the K-pop market has peaked are hardly new. Concerns about market oversaturation have been raised since the inception of the third generation in 2012 when the number of groups that debuted annually more than tripled. New bands from industry powerhouses are not making the expected impact in sales, and there has been…