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The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…
There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…
Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…
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…
As concern regarding an imminent North Korean nuclear test increases, the debate on South Korea securing its own nuclear weapons is also increasing. There are strong reasons why this debate should be looked at very carefully in Washington. The current debate started with recent discussions in the Yoon Administration regarding the hosting of U.S. tactical…
North Korean leader Kim Jong Un, perhaps emboldened by his embrace of Russia’s war in Ukraine, has unleashed a wave of missile tests, with a possible nuclear test to come. The Pyongyang regime claims to be developing tactical nuclear weapons and to be responding to recent joint military exercises by the U.S., South Korea and…
The meeting between South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida on September 21 was notable mainly for the fact that it took place. It was a brief exchange – some 30 minutes – taking place on the sidelines of the United Nations General Assembly meeting in New York. The two governments…
Since the inauguration of Yoon Suk Yeol as President of South Korea four months ago, a shift in policy on North Korean human rights has been increasingly obvious. During the previous five years of the Moon Jae-in presidency, effort and energy was focused on seeking ways to engage with North Korea. Little progress in North-South…