Asia

In recent years, North Korea has faced economic shocks from UN sanctions and the pandemic. As Dr. Jongkyu Lee (Senior Fellow at the Korea Development Institute) writes in his new…

Following a record number of North Korean missile launches, as well as tests by South Korea, assertions have been widely and uncritically made that Seoul is participating in an inter-Korean…

Although the Korean Peninsula has been divided for over 70 years, North and South have not been able to make lasting progress in terms of reconciliation. While there are multiple…

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…

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

The second summit between President Donald Trump and North Korean leader Kim Jong-un on February 27 and 28 ended without an agreement. The key difference in the two leaders’ negotiating…

As the complex negotiations between North Korea, the United States, and South Korea continue, it is worthwhile to review what the current U.S. presence on the Korean Peninsula looks like.…

By Songyee Jung This April South Korea will hold elections for its legislative body, the National Assembly.  Much as in the United States, the National Assembly plays an important role in the process of governance and the result of the 2016 legislative elections have the potential to influence Korea’s future direction as well as its…

By Jenna Gibson Big news out of Pyongyang – a North Korean factory has made the world’s first hangover-free alcohol. Or so they say. North Korea has long been the butt of jokes, many of them centered on country’s eccentric leaders. This stems in part from curiosity – because news from North Korea is so…

By Mark Tokola, Phil Eskeland, Troy Stangarone, Jenna Gibson, and Kyle Ferrier In the aftermath of North Korea’s nuclear test, 2016 has already begun with a new crisis on the Korean peninsula. As the United States, South Korea, and the rest of the international community work together to address the growing threat from Pyongyang’s expanding…

By Nicholas Hamisevicz A good stretch of optimism in inter-Korean relations ended in December, even before tensions rose in early January 2016 with North Korea’s fourth nuclear test. In December, the two Koreas had a vice-minister meeting, but couldn’t come to any agreements and did not even set a date for future discussions. Moreover, Kim…