Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

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 Nicholas Hamisevicz It is the start of a new year, which means it is time to start parsing through North Korea’s New Year’s message. Like last year, Kim Jong Un delivered the New Year’s message in a speech. These are the first major policy guidelines and ideas announced since the purge of his uncle,…

By Troy Stangarone In a sense, the events of 2013 on the Korean peninsula began in December of 2012. In the days leading up to South Korea’s presidential election, North Korea successfully put its first satellite in orbit, defying UN prohibitions on long-range missile tests. Less than a week later, South Korea would elect Park…

By Nicholas Hamisevicz On December 26, Japan’s Prime Minister Abe Shinzo visited the Yasukuni Shrine, a memorial Shinto shrine that honors Japanese war dead, including fourteen Class-A war criminals. The visit is unlikely to do much harm to Abe domestically, but foreign policy in the region will be a casualty. The visit confirms South Korean and Chinese perceptions…

By Nicholas Hamisevicz It looks like South Korea’s National Intelligence Service (NIS) got it right when they suggested to National Assembly members that Jang Song Taek had been removed from his leadership posts in North Korea. Kim Jong-un made it very clear and very public that Jang Song Taek was out of favor and out…