Asia

International oil prices have risen dramatically, raising the possibility of a “third oil shock.” During the first oil crisis in 1973, the annual average price soared to $85/barrel (bbl) in…

After more than two years of negotiation, false starts, and delay, Korea announced in April its intention to fully open its market to imports of U.S. beef, subject to finalization…

For Korea watchers—and particularly for those of us who worked closely on events associated with President Lee’s visit to Washington—April was a very rewarding month. After multiple protocol meetings, site…

As reported in the previous issue of Korea Insight (“The Bulldozer Moves In: Lee Myung-bak is Inaugurated as the Republic of Korea’s President”), President Lee moved to streamline the government…

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 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…

By Mark Tokola North Korea’s claim to have recently tested a Hydrogen bomb is disputable because the explosion seems to have been no larger than during its 2013 test of a “conventional” nuclear device.  That does not in itself diminish the seriousness of North Korea having conducted a fourth nuclear weapons test.  Foreign policy questions…