1927 Posts located
There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…
Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…
This past year—2007—was another solid one for Korea’s economy. Buoyed by continued strong exports and a pickup in domestic demand, real GDP is estimated to have grown by nearly 5…
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 Chad 0Carroll North Korea continues to ratchet up its belligerent rhetoric against South Korea, this week threatening to destroy a range of South Korean targets including the Blue House and the offices of various (and named) conservative newspapers and television stations. Rather spectacularly, DPRK state media claimed its military would “reduce all the rat-like…
By Troy Stangarone Nutritional aid might not be the only cost of North Korea’s recent failed satellite launch. Only a few months prior to Kim Jong-il’s death there had been significant discussion of building a pipeline to transmit Russian gas through North Korea to the South. North Korea had indicated that it would be willing…
By Nicholas Hamisevicz There was an interesting contrast last week on the Korean peninsula as South Koreans went to the polls to democratically elect members for its National Assembly; conversely, North Korea had two meetings to put into place its new leadership structure. Unlike in South Korea where the results were difficult to predict, in…
By Troy Stangarone When members of the 19th National Assembly take their seats in Seoul a defector from North Korea will join them for the first time. As a candidate on the New Frontier Party’s proportional representation list, Cho Myung-chul became the first defector to win a seat in the National Assembly. Cho defected to…