Asia

As COVID-19 continues its global spread, the economic implications are anticipated to be significant. Depending on magnitude of spread, the fall in Korea’s real GDP is estimated at between 0.51%…

Under President Moon Jae-in, South Korea has set an ambitious target to move from being “first in the world” in the race to 5G to “first in global quality.” Yet,…

India and South Korea, Asia’s third- and fourth-largest economies, respectively, established a Comprehensive Economic Partnership Agreement (CEPA) in 2010 and upgraded their relationship to a special strategic partnership in 2015.…

Both India’s and South Korea’s strategic choices are deeply influenced by the rapidly evolving Indo-Pacific construct, particularly amid a mounting U.S.-China rivalry. With India’s “Look/Act East” policy and South Korea’s…

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…

South Korea’s trade relations have undergone changes since the COVID-19 pandemic. In 2022, South Korea surpassed Japan and became China’s second-largest trading partner. However, its exports to China saw a decline of 20 percent in 2023, plummeting to $124.8 billion from $155.7 billion in 2022. Consequently, South Korea ran a trade deficit of $18 billion…

In a historic break with a policy of most of the past eight decades, North Korea disbanded all of its government organizations which are focused on reunification with South Korea or which reflect a special relationship between the two Koreas. In a lengthy speech on January 15 to the Supreme People’s Assembly (the North Korean…

North Korea was the first country to severely restrict travel and trade across its borders when the pandemic began in 2020. While the rest of the world has since largely returned to normal, many of North Korea’s COVID restrictions remained in place at the beginning of 2023. However, Pyongyang began to ease these constraints in…

A year has passed since Korea published its “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region” in December 2022. Since then, Korea has strived to bolster its image as a “global pivotal state” in both mending and fortifying relations with like-minded nations including the United States, Japan, the European Union, Australia, ASEAN, and others.…