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…

In the last two posts on Korea and the war in Ukraine, I showed that Moon administration moved relatively quickly to join the international sanctions regime and was rewarded by inclusion on Russia’s  "unfriendly nations" list. I also argued that the costs of standing on international legal principle were softened by the fact that the…

The OECD Economic Outlook, released on June 8th, projected that real GDP growth in OECD countries would drop by half from 5.5% in 2021 to 2.7% in 2022. The new projection is a sharp reduction from its December 2021 Outlook, which projected growth of 4.5% growth this year. With inflation expected to rise from 3.7%…

Over the last half decade, the Korean Peninsula has seen the prospect of war during Donald Trump’s period of “fire and fury,” but also a period of negotiations that resulted in a series of North-South and U.S.-North Korea summits. While war was avoided, those efforts at negotiation ultimately failed. The aftermath of those failed negotiations,…

After more than two years since the start of the pandemic, COVID-19 has finally been detected in North Korea. Despite strict border controls limiting the movement of people and goods to prevent entry of the novel coronavirus, state media reported on 12 May that the Omicron BA.2 variant had been found in a sample taken…