Asia

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the share of Korea’s population older…

There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent economists can be found who…

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant impact on domestic financial markets.…

When Kim Jong-il died in 2011, the world held its breath as North Korea entered uncharted waters. No other communist dictatorship in the last century – for that matter no…

On June 25, 1950, North Korea launched a surprise invasion of South Korea and started a war that is still technically ongoing. But it was – as North Korea’s Kim…

The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…

In May, The Korean-born Los Angeles Dodgers’ pitcher Ryu Hyun-jin was named The National League Pitcher of the Month. When you think of Asians and baseball, you might think first…

 What Happened: President Moon Jae-in vowed to focus more on increasing housing supply to discipline runaway real estate prices. The government attributed the failure of its previous effort to deliver affordable housing to the growth of households despite the shrinking population. The administration plans to develop more housing sites near train stations in Seoul and surrounding areas…

For North Korea to return to some semblance of its pre-COVID existence it will need to vaccinate its population, but acquiring the necessary vaccines will not be the only challenge North Korea faces. Once North Korea has acquired a vaccine to begin dosing its population, it will still need to have a proper cold chain…

What Happened Severe Disaster Law was passed to protect employees working in environments with insufficient safety regulations. While the new legislation intensifies punishments for chief executives, it does not provide supplementary safety regulations. The effectiveness of the new bill is questioned as workplaces with fewer than 5 employees are not affected by the new legislation despite…

What Happened The ruling Democratic Party is developing a plan to incentivize big corporations to share part of their profits with entities that were heavily affected by COVID-19. The ruling party wants to promote voluntary participation through incentives such as tax benefits and administrative support. Some National Assembly delegates and policy commentators voiced their demand for more…