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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…
On May 20, 2025, the UN General Assembly held its first-ever “high-level session” devoted to the human rights abuses of North Korea. This latest action ups the ante in calling for reform of North Korea’s abysmal human rights record. Every year since 2004, the General Assembly has adopted resolutions criticizing North Korea and calling for…
South Korea’s Nextrade exchange—the country’s first alternative trading system to the long-dominant Korea Exchange (KRX)—debuted in March 2025. Nextrade extends trading hours, introduces lower transaction fees and increases product variation within capital markets. The persistent undervaluation of South Korean stocks compared to their Asia-Pacific counterparts is a phenomenon known as the ‘Korea discount’. By increasing…
On May 29, 2025, in what will likely be his last public speech as a government official, South Korean Foreign Minister Cho Tae-yul reviewed the accomplishments of and challenges faced by the Yoon Suk Yeol administration. Cho noted the challenges of navigating deepening international conflict and geopolitical rivalry. In addition, as a cabinet member in…
KEI will hold a hybrid event on June 6 with former U.S. ambassadors to South Korea and examine implications of the election’s outcome on U.S.-Korea relations. Click here to learn more and register to attend. South Korean voters will elect a new president on June 3, 2025, following the impeachment of former President Yoon Suk…