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…

Strategically located at the crossroads of Central Asia, China, and Russia, Mongolia has long attracted the attention of regional powers – including the Koreas. How is this traditionally-nomadic, but resource-rich,…

Though hesitant to officially join the U.S. Indo-Pacific Strategy, South Korea is seeking to promote many of the same values through the Moon administration’s “New Southern Policy.” Central to this…

The U.S. Peace Corps was active in South Korea between 1961 and 1981. One of the many volunteers who served in South Korea was KEI president and CEO Kathleen Stephens.…

This month, the world was reminded once again that the relationship between the Republic of Korea and Japan is deeply fractious. Japan has imposed restrictions on the export of chemical…

By Songyee Jung This April South Korea will hold elections for its legislative body, the National Assembly.  Much as in the United States, the National Assembly plays an important role in the process of governance and the result of the 2016 legislative elections have the potential to influence Korea’s future direction as well as its…

By Jenna Gibson Big news out of Pyongyang – a North Korean factory has made the world’s first hangover-free alcohol. Or so they say. North Korea has long been the butt of jokes, many of them centered on country’s eccentric leaders. This stems in part from curiosity – because news from North Korea is so…

By Mark Tokola, Phil Eskeland, Troy Stangarone, Jenna Gibson, and Kyle Ferrier In the aftermath of North Korea’s nuclear test, 2016 has already begun with a new crisis on the Korean peninsula. As the United States, South Korea, and the rest of the international community work together to address the growing threat from Pyongyang’s expanding…

By Nicholas Hamisevicz A good stretch of optimism in inter-Korean relations ended in December, even before tensions rose in early January 2016 with North Korea’s fourth nuclear test. In December, the two Koreas had a vice-minister meeting, but couldn’t come to any agreements and did not even set a date for future discussions. Moreover, Kim…