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 Troy Stangarone With the announcement of a deal shortly after midnight on August 25 the most recent inter-Korean crisis averted a military conflict on the Korean peninsula. Though the two sides reached a peaceful resolution, this is now the second significant inter-Korean crisis since Kim Jong-un came to power after the death of his…

By Jenna Gibson Tensions have been high on the Korean Peninsula over the past few weeks after a mine blast that maimed two South Korean soldiers set off a series of escalations from both sides of the DMZ. One of the moves from Seoul was restarting anti-North Korean broadcasts for the first time in 11…

By Lilka Marino The first official meeting between delegations of North and South Korea since division occurred in 1972, where delegations from both sides of the Demilitarized Zone met at Panmunjom to discuss reunification. It was the first time that the North and South met each other face to face in decades. However, the North…

By Jenna Gibson According to at least one poll, South Korea has a higher opinion of the United States than the United States has of itself. In its 2015 Global Indicators survey, Pew Research Center found that 84 percent of South Koreans view the U.S. favorably, while only 83 percent of Americans said the same.[1]…