Asia

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…

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 Shipping terminals in Busan are struggling to find cargo space for their clients because global carriers are prioritizing goods from China’s factory belt over those from South Korea. The trade disruption caused by the pandemic led to a reduction in the number of available shipping containers in Asia. The lack of shipping containers is especially hitting smaller…

What Happened With increased financial digitization, Korean banks are shutting down their brick and mortar stores around the country. Throughout the pandemic, the elderly have struggled to access basic items such as masks using digital tools. More recently, their inability to quickly claim leftover vaccines through an online system left them at a disadvantage compared to the younger, tech-savvy population. Implications:…

Earlier this week, the North Korean Foreign Ministry released an article entitled “‘Humanitarian Aid’ Should Not Be Abused For Sinister Political Purpose.”  The article was given wide circulation—released by the Foreign Ministry and also the official press agency KCNA.  In a country where the media is rigidly controlled by the regime, the release of such…

With so many South Koreans adopting information and communication technology, the South Korean government used the data collected from its citizens to provide better public services. However, its success and other developments may be weakening the political support behind data privacy. Since the outbreak of COVID-19, public health officials have adopted technologies like quick response (QR)…