Asia

The year 2008 will be recorded in world history as a year in which the global capitalist system was threatened as a consequence of the U.S.-originated financial turmoil that began…

Following several years of strong expansion, the Korean economy began losing momentum in the second half of 2008 in the wake of the stress engulfing the global financial system. Although…

North Korea’s economy has been on the verge of collapse since the beginning of the second nuclear crisis in 2002 because of the international community’s growing sanctions and pressure. The…

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

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 Elizabeth Hervey Stephen In a recent piece in the Asia Sentinel, which was re-posted in The Irrawaddy, Philip Bowring correctly noted that South Korea is facing a population crisis with sustained low fertility in the range of 1.2 children per woman.  As one solution to the birth dearth, he proposes looking toward reunification with North…

By Nicholas Hamisevicz The past few weeks have not been a good for India’s relations with the Korean peninsula as it recently went through a minor diplomatic rough patch with both North and South Korea. Though relatively undamaging, these situations indicated some of the difficulties in dealing with India. For South Korea, its embassy in…

By Chad 0'Carroll Last week we published the first part of an extensive interview by KEI’s Chad 0'Carroll with Dr. Andrei Lankov of Kookmin University on the prospects for economic reform in North Korea. In the second part of the interview Chad discusses with Dr. Lankov what the U.S. can do to encourage reform in…

KEI’s Chad 0'Carroll recently interviewed Dr. Andrei Lankov of Kookmin University on the prospects for economic reform in North Korea and reunification. Dr. Lankov is scholar of Asia and a specialist in North Korea. Part 1 of the interview focuses on the likelihood that the new regime in Pyongyang will undertake economic reforms. Part 2,…