Asia

The Middle East offers huge trade opportunities to South Korea, especially after the P5+1 agreement with Iran. President Park Geun-hye’s May 2016 visit to Iran has demonstrated this economic potential…

North Korea has been under several rounds of economic sanctions since the beginning of the Korean War in 1950. Economic coercion, however, has had no major effect on the Kim…

This paper details the nature of transboundary air pollution in Northeast Asia, employing an analytical approach rooted in the political economy of the region. To measure public perceptions of the…

This is the full publication PDF for Vol. 30 of Korea's Economy Dear Readers, We are honored to present to you the 30th edition of Korea’s Economy. Over the past…

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 Nicholas Hamisevicz Jang Song-taek, Vice-Chairman of North Korea’s National Defense Commission and uncle to Kim Jong-un, returned from China after several days of meetings about economic cooperation between the two nations, especially in the Special Economic Zones (SEZs). Jang brought back agreements on further SEZ cooperation and a renewed commitment by both parties to…

By Troy Stangarone The end of the Cold War is primarily remembered for the fall of the Berlin Wall, the end of the Soviet Union, and the reunification of Germany. However, in Asia one of its most significant impacts was to pave the way for South Korea and China to establish formal relations two decades…

By Jinho Park The ancient Chinese military strategist Sun-Tzu warns, “He who knows the enemy and himself will never in a hundred battles be at risk; He who does not know the enemy but knows himself will sometimes win and sometimes lose; He who know neither the enemy nor himself will be at risk in…

By Sarah K. Yun After the failed April 13 rocket launch, North Korea seemed to be headed towards increased isolation from the international community. The United Nations Security Council tightened the sanctions regime, while the United States canceled the 24,000 metric tons of food aid that had been part of the “Leap Day” Agreement. However,…