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In the aftermath of the Global Financial Crisis, the multilayered international financial governance regime has been strengthened. In East Asia, this regime includes an ASEAN+3 regional layer designed to complement…
Dear Readers, With the 31st edition of Korea’s Economy, we have turned our focus to Northeast Asia where China and Japan represent two of South Korea’s most important trading partners.…
The ROK-Japan relationship seemingly found a floor after the downward spiral that marked the end of the Lee Myung-Bak presidency and the first three years of President Park Geun-hye. Seoul…
This report conducts an analysis of the corporate bond market in Korea and the changes in interest rates and term structure since the 1997 Asian financial crisis. The potential risks…
In March, a curious protest took place in Seoul. Private kindergartens were going on strike. Protests by industry groups or workers are not uncommon in South Korea, but something about…
North Korea’s ambassador to the United Nations Kim Song demanded that the United States release a North Korean vessel that is currently held by authorities in American Samoa, warning that…
It’s been nearly one year since the Singapore Summit between President Trump and Kim Jong-un and the two countries are at an impasse. North Korea signals no intention of giving…
What if our understanding of North Korea is inadvertently colored by the very resources that we rely on to deepen our knowledge of the country? What does this say about our policies…
Last year, President Yoon Suk Yeol and Prime Minister Kishida Fumio made significant efforts to develop a strong working relationship to advance the bilateral relationship. In a recent interview with public broadcaster KBS, President Yoon said his Japanese counterpart is an honest leader. In recent months, surveys looking at both the Korean and Japanese publics…
For seventy years, one of the few things that North Korea, South Korea, and the United States agreed upon was the goal of reunifying the Korean Peninsula. No more, at least for now. During a January 2024 speech, Kim Jung-un announced, “The reunification of Korea can never be achieved with the Republic of Korea.” He…
Corruption has a significant negative effect on economic growth through its impact on investment, competition, entrepreneurship, government efficiency and human capital formation. It also has important implications for numerous indicators of economic development, such as environmental quality, personal health and safety, income distribution and social trust. Reducing corruption should be a top priority. Many studies…
Investment Announcements December 20, 2023 – LG Chem begins construction on its cathode plant in Clarksville, Tennessee, set to begin production in 2026. The $1.4 billion injection as part of the construction is the first phase of its $3.2 billion investment plan delineated in an MOU LG Chem signed with the State of Tennessee in…