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 For South Korean children, studying abroad and mastering English used to be the key to success, prompting waves of students to head overseas for their diplomas. Now, South Korea is the third largest source of international students studying in the United States, behind only China and India. But this trend may be…

By Phil Eskeland Commentators on both sides of the political spectrum have used North Korea and Iran interchangeably to buttress their position on the negotiations to corral Iran’s nuclear weapons ambition.  Some argue that the Iran deal will not work just like the 1994 nuclear deal with North Korea.  Others argue that the Iranian deal…

By Mark Tokola Short conversations about North Korea generally end with similar conclusions: it is too soon to tell whether Kim Jong-un has successfully entrenched himself; the North Korean economy whether by design or necessity has introduced some market elements; China is growing impatient with North Korea’s unpredictability and belligerency; and Kim Jung-un’s regime is…

By Mark Tokola People who have worked on policy towards North Korea for some time often remark that nothing really changes: the DPRK’s weapons programs progress, gross human rights violations continue, bad crop years are met with international appeals for food assistance, acts of aggression against South Korea occur periodically, and North Korean propaganda threatens…