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…

Although it is happening more rapidly in South Korea, an aging society is a common feature in post-industrial societies around the world. With the number of retirees growing and the…

In March, Seoul suffered from the worst air pollution on record. Enough that the South Korean government has officially designated the problem as a "social disaster." But what is causing…

Over the past few years, Korea and Koreans have experienced incredible political, social, and diplomatic shifts. It is hard keeping up with all these new developments as a Korea Watcher,…

Even before the meeting between President Trump and Kim Jong-un in Hanoi, foreign policy practitioners and observers were talking about the difficulties of sequencing international sanctions relief for North Korea…

By Jenna Gibson With South Korea’s low birth rate on the mind of scholars and policymakers, the country’s schools have found themselves on the front lines of the country’s demographic crisis. Enrollment in elementary schools around the country in 2015 was 2,672,843. In 2000, that number was 33 percent higher, at 4,020,141. And as the…

By Troy Stangarone One question confronting the United States, South Korea, and the rest of the international community is how to convince North Korea to return to denuclearization talks. Having tried varying degrees of dialogue, negotiations, and sanctions, the options available entail a refinement of the current sanctions approach, the acceptance of North Korea as…

By Troy Stangarone North Korea has conducted its fifth nuclear test, the second test in less than a year. In combination with its efforts to advance its ballistic missile programs and develop second strike capabilities, Pyongyang has demonstrated that it is committed to developing a usable nuclear warhead in spite of international pressure to halt…

By William Brown The short answer is yes, but probably not the way Kim Jong-un was thinking.  An increase in the domestic use of U.S. dollars, brought on by lack of trust in the North Korean won, at last seems to be stabilizing Pyongyang’s monetary system and may be creating an environment conducive to normal…