Asia

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

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…

Taiwan is one of the most sensitive issues concerning China, so it was with some surprise to see it raised at the U.S.-ROK summit held in May. Underscoring shared support for the rules-based international order, the joint statement released after the summit said: “President Biden and President Moon emphasize the importance of preserving peace and…

What Happened On June 7, the Anti-Corruption and Civil Rights Commission announced it discovered 16 cases of suspicious land transactions involving 12 lawmakers from the ruling Democratic Party (DP) – potentially suggesting their involvement in a speculation scheme. Although the commission said it was unable to release the DP lawmakers’ names, the DP leadership decided to release their names…

Outside observers sometimes interpret the adoption of South Korean pop culture trends by North Korea’s state-sanctioned outlets as symbols of the regime buckling under the internal demand for change. The implicit hope is that cultural imitation of South Korea will lead to Pyongyang’s liberalization in other areas, particularly the economy and the political structure. People…

What Happened Internet company Naver’s labor union is publicly criticizing the company’s management after one of its employees took his own life due to excessive workloads and workplace harassment. Other companies have also struggled to create a stable and safe workplace environment, evident in recent strikes protesting overwork in other industries. Gig workers, or “irregular workers,” have received even fewer protections…