Asia

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

How is the increasing spread of artificial intelligence (AI) likely to shape the cyber capabilities of the Democratic People’s Republic of Korea (DPRK; North Korea) in the coming years? Over…

In this new article of KEI’s Korea’s Economy,  Dr. Bark Taeho (President of the Global Commerce Institute of Lee & Ko and Former Minister for Trade) notes that Korea has faced…

The COVID-19 pandemic caught almost all countries unprepared. Some countries, including South Korea (hereafter Korea), managed to deal with the pandemic relatively more successfully than others and had a proactive…

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 The South Korean Ministry of Gender Equality and Family announced plans to make it easier for a child to take either parent's surname at birth, alongside other changes. The announcement also included plans to conduct a public opinion survey on the ethics of having a baby through surrogacy and donating eggs and sperm to unmarried…

Korea has long worked to maintain at least cordial relationships that balance its larger neighbors. The global U.S.-China competition is the newest iteration of the challenge, with Seoul’s most important ally on one side and its largest trading partner on the other. Although domestic sentiment is souring on China, experts suggest South Korean government officials…

Nearly a year ago, President Moon Jae-in’s approval ratings were soaring on the strength of the South Korean government’s handling of the COVID-19 crisis, with some polls showing public approval above 70 percent. His party, the liberal Democratic Party, had also won a supermajority in the South Korea’s legislative body in April 2020. At the…

What Happened On April 20th, the National Assembly ratified three of the remaining four International Labor Organization (ILO) conventions that South Korea has not yet implemented. Moves to ratify the conventions were proposed in 2019, but progress was not made, as many conservative politicians and businesses opposed the changes. Despite ratifying these conventions, South Korea has not adopted the provision on…