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…

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 Andrew Kwon, Jara Jung-min Kim and Gyeong-eun Kim As cyberspace becomes a critical frontier in the international security landscape, it will no doubt emerge as a challenging dynamic for alliances built on pre-existing global paradigms. Perhaps the most sensitive to these changes, U.S. allies must now consider what unknown long-term ramifications cybersecurity will pose…

By Troy Stangarone The 2008 financial crisis began to raise questions about whether the United States was a waning power soon to be eclipsed by a rising China. Despite China’s economy still being less than half the size the United States at the time, its vast population and consistent high levels of growth made China…

By Gerard Krzic Anyone visiting Korea and sightseeing at a rural Buddhist temple usually passes over a stone bridge that crosses a stream or river before entering the main temple grounds.  It has been said that the bridge represents crossing oceans as one moves from the land of daily hardships to the land of enlightenment…

By Mehrun Etebari Yesterday, during his speech at the United Nations General Assembly, Israeli Prime Minister Benjamin Netanyahu argued that the experience of North Korea – who reached an agreement to dismantle its nuclear program in 2005, but tested its first nuclear weapon in 2006 – must warn the international community to refrain from optimism…