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The financial panic of late 2008 and the global economic recession that followed has been the greatest economic shock since World War II. While North Asia was caught up in…
East Asia is an area where real economic activities are closely linked. The brisk trade in goods and services among East Asian countries shows a well-integrated East Asian economy. Most…
A common problem facing students of the economy of the Democratic People’s Republic of Korea (DPRK) is the shortage of available statistics. It is extremely challenging to procure DPRK data,…
In the wake of the fall of Lehman Brothers, in the fourth quarter of 2008 and the first quarter of 2009 Korea was faced with its biggest economic challenge since…
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 Andrew Haggard The casual observer may be perplexed by the recent headlines of supposed North Korean hackers effectively bringing Sony Pictures Entertainment’s computer systems to its knees. How does one reconcile NASA photos and satellite images showing the near-entirety of the northern part of the Korean peninsula in utter darkness with the picture of…
By Mark Tokola One thing everyone knows about North Korea is that it is isolated. Visits to the DPRK are controlled and monitored. Few North Koreans are allowed to travel abroad and then only for specific purposes. Because it is heavily sanctioned by the international community, international trade and investment is minimal. North Koreans are…
By Nicholas Hamisevicz During the last week of December, India’s External Affairs Minister, Sushma Swaraj visited Korea to co-chair with her counterpart, Korean Foreign Minister Yun Byung-se, the 8th India-Korea Joint Commission meeting, while one month prior South Korean President Park Geun-hye was able to meet with Indian Prime Minister Narendra Modi for the first…
By Nicholas Hamisevicz After the New Year’s announcements by Park Geun-hye and Kim Jong-un, there is a lot of anticipation and analysis for the year ahead in inter-Korean relations. However, many of the issues that plagued the two sides in 2014 remain as hurdles for 2015. Looking back could give insights to help improve the…