Asia

This paper argues that the impact of Hallyu (the Korean Wave) on the Korean economy has only been effective in boosting related sectors, such as cosmetics, fashion, and tourism. Interestingly,…

This paper proposes a framework for conceptualizing middle powerism in the context of the Fourth Industrial Revolution, using South Korea as an example. The paper argues that the systemic transformation…

In the context of growing US-China tensions, South Korean administrations have opted for degrees of strategic ambiguity, refraining from overt actions that suggest South Korea is taking sides. While strategic…

KEI’s 2021 Report on American Attitudes Toward the Korean Peninsula summarizes results from a survey commissioned by KEI and conducted by YouGov on August 30th to September 7th, 2021. The…

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…

What Happened The ruling Democratic Party’s presidential candidate Lee Jae-myung proposed another round of universal payments to help citizens overcome the economic challenges posed by COVID-19. However, Prime Minister Kim Boo-kyum and the government claimed that they do not have the capacity to provide another round of universal relief funds. A nationwide public poll showed that 60.1% of Koreans agree…

Observing the recent success of the TV show Squid Game on Netflix, many commenters suggest that the entry of multinational streaming platforms has been a net positive for Korea’s creative industry. The streaming platform has invested over USD 700 million into projects such as Kingdom and Sweet Home. For smaller Korean content creators, Netflix offers…

Korea’s real GDP increased 1.2% (saar) in 2021Q3, a significant slowdown from the first two quarters of the year, reflecting a decline in private consumption (table below). A tightening of social distancing measures since July, aimed at slowing a fourth wave of COVID-19 infections, reduced spending on “consumer-facing services”. For example, demand in the food…

What Happened One of South Korea’s major telecommunications providers KT suffered a nationwide outage on October 25, causing widespread disruptions to daily tasks that require internet connectivity such as virtual classes, food delivery orders, and stock trading. A National Assembly hearing five days before the incident questioned telecommunications providers about the quality of the network services. The government still intends to…