Asia

The United States, Russia, and China have cooperated to help deter North Korea from again invading the South and thus preventing Korean tensions to become a devastating hot war. While…

Security cooperation in East Asia lags behind other forms of regional coopera- tion. The relationship among China, Japan, and the United States—the most powerful security actors in the region—exemplifies this…

The news of heightened military readiness in the North on May 25 reverberated through the Republic of Korea’s stock market and foreign exchange markets, prompting South Korea to expend an…

Despite an historic delay and continued opposition in some quarters, passage of the Korea-U.S. Free Trade Agreement (KORUS FTA) looks set to proceed quickly through the United States Congress. The…

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…

New economic analysis by Michael Clemens at the Peterson Institute for International Economics (PIIE) challenges the prevailing narrative around South Korea’s demographic challenges. Once the fodder of wonky demographers and social scientists, South Korea’s population is now world-renowned for its extreme drop in birthrates and aging society, a topic I covered last year for KEI.…

Korea’s healthcare spending in 2000 was the lowest among the 38 OECD countries at less than 4 percent of GDP, reflecting the country’s relatively young population and the limited coverage of its National Health Insurance (NHI). However, adjusted for inflation, healthcare spending grew at an annual rate of 7.7 percent from 2000 to 2022, the…

South Korean President Yoon Suk-yeol offered a dramatically different vision of Korean unification in his Liberation Day speech on August 15, an annual observance in South Korea that marks the end of Japanese colonial rule over the Korean Peninsula. In his speech, President Yoon framed unification as completing the unfinished task of liberation and the…

The transformation of relations between South Korea and Japan during the past two-plus years is one of the signal accomplishments of the Yoon Suk-yeol administration. However, there remain doubts over the durability of this achievement. A troubling question remains whether the historical past of Japan’s colonial rule over Korea will again roil relations. The ongoing…