Asia

The COVID-19 pandemic has been the most significant economic disruption to the international economy since the Great Depression. The IMF estimates that the global economy contracted by 3.5 percent last…

Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…

Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…

The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…

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…

By Jenna Gibson While the United States is locked in a fierce debate over Obamacare, South Korea is going through its own deliberations about healthcare reform. On August 9, right before hitting his 100th day in office, Korean President Moon Jae-In unveiled his plan to expand Korea’s already extensive healthcare system, a proposal quickly dubbed…

By Donald Manzullo When then-candidate Donald Trump first raised issues with the U.S.-Korea (KORUS) FTA in 2016, the United States had just seen its merchandise trade deficit with South Korea rise to a record $28 billion. As a candidate and president, Trump has placed an emphasis on the creation of U.S. jobs in the manufacturing…

By Hwan Kang South Korea is a country full of franchises. If you are familiar with Korean delivery food, you know that there are hundreds of franchise stores that deliver fried chicken with beer wherever you are, even when you are outside having a picnic by the Han River. There are so many franchise convenience…

By Troy Stangarone In 1994, then President Bill Clinton considered a military strike to take out North Korea’s nuclear facilities. He ultimately decided against the use of military force and in the two decades since the United States and the international community have primarily responded to North Korea’s continued development of nuclear weapons and their…