Asia

The tax burden in Korea—at 26 percent of gross domestic product (GDP) —was well below the average of the member countries of the Organization for Economic Cooperation and Development (OECD)…

There may have been no one who anticipated the bankruptcy of Lehman Brothers, once one of the top five global investment banks. The shocking news reverberated through the Korean financial…

Korea’s economy in 2008 was adversely impacted by high commodity prices, especially oil, and by financial and real shocks started by the collapse of housing prices in the United States…

The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs to Asia. This is reflected…

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.…

This is the first piece in a series looking at how the issues identified in KEI’s annual “10 Issues to Watch for on the Korean Peninsula” series and other issues of note developed in 2022. The original “10 Issues” piece can be found here. Even before the pandemic little information was provided by the North Korean…

Since the mid-2000s, successive U.S. and South Korean administrations have touted the transformation of the ROK-U.S. alliance. They often highlight how a once asymmetric, Cold War alliance, rooted in strong military and security ties and shared sacrifice during the Korean War, has grown to encompass shared democratic and free-market values. In effect, U.S. and ROK…

Of the approximately 70 missiles tested by Pyongyang this year, Chairman Kim Jong Un celebrated the November 18 test of the Hwasong 17 intercontinental ballistic missile as the "completion of the world’s strongest strategic weapon." In remarks carried by the Rodong Sinmun on November 27, he also said that the test underlined "our daily-growing military…

Finding accurate and current information about North Korea has always been difficult, but steps taken by Pyongyang in an effort to deal with the COVID pandemic have made the problem of getting information about the North even more difficult.  A key source of first-hand information on the ground has been supplied by refugees who have…