Asia

Digitalization could open a new era of growth for Korea. Previous expansion waves, based on traditional industries, have fostered export-led growth and placed Korea among the world’s top ten economies.…

After an initial surge in cases, Korea was less seriously affected by the COVID-19 virus than other countries, but the subsequent recovery was relatively mild. The negative effect was concentrated…

This paper deals with one of the most critical issues in contemporary international relations: how China’s rise challenges foreign policies of U.S. allies, with a focus on the Republic of…

The rivalry between the United States and China is affecting countries in its midst. This particularly applies to South Korea. The country is a strong economic player with a successful…

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 On April 19, the South Korean government launched a committee to monitor real estate issues and create new policy suggestions. The creation of the committee follows the ruling party’s defeat in the Seoul and Busan mayoral elections, which many partially attribute to the Moon administration’s inability to control property prices. Rising real estate prices are contributing to increased…

Consequent on the UN sanctions that severely restricted essential exports for agriculture to North Korea, starvation conditions have re-emerged for the first time since the famine years of the 1990s. Absent capital and technology, the government relies almost completely on the intensified exploitation of the labor force, much of this carried out via the mechanisms…

What Happened On April 12, President Biden met with 19 CEOs to discuss the ongoing semiconductor shortage and to build support for technology as a key component of the infrastructure. The White House promised a USD 50 billion investment in U.S. semiconductor manufacturing, seeking cooperation from global partners. During a similar summit in March, Biden discussed putting technology, such as semiconductors…

What Happened During his visit to Iran, South Korean Prime Minister Chung Sye-kyun said that South Korea should “quickly return” the USD 7 billion in Iranian assets frozen as a result of U.S.-led sanctions. PM Chung also expressed South Korea’s willingness to provide Iran with humanitarian aid, and stated that Seoul would be willing to support future negotiations on…