Asia

The COVID-19 pandemic has been the most significant economic disruption to the international economy since the Great Depression. The IMF estimates that the global economy contracted by 3.5 percent last…

Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…

Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…

The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…

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…

What Happened South Korea plans to resume in-person classes for all students in the fall. Ahead of this full reopening, the government expanded the maximum in-person attendance for middle school students in the Seoul metropolitan area in mid-June. This decision comes on the heels of a new study that showed declining academic achievement levels among some middle school students. Implications: The…

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…