Asia

During the past several decades numerous discussions about the problems of education in South Korea have been advanced by government officials, education experts, teachers, students, parents, as well as the…

The automobile industry is a dynamic and significant sec-tor in most of the major economies in the world. It is closely related to various other manufacturing sectors such as rubber,…

More than two decades ago, when the USSR still existed and the concept of the world socialist system presumed that all socialist countries were developing as one, I argued (still…

One cannot enter the same river twice. Every time one looks at North Korea, on the surface it appears boringly the same. Its life fl ows in the same predictable…

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.…

Yoon Suk Yeol was inaugurated on May 9th as Korea’s twentieth president. He takes office at a difficult with the global economy disrupted by the war in Ukraine and an increasingly threatening North Korea, which has launched 16 missile tests thus far this year. Meanwhile, inflation has accelerated to 4.8% (year-on-year), its fastest pace since…

Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…

The Moon administration had three overlapping--yet subtly distinct--motives in responding to the invasion of Ukraine. The first is a global public goods rationale: to stand against a blatant violation of international norms. This rationale has figured centrally in South Korean policy statements so far, and has put Korea in a follower position, looking to the…

South Korea’s strong economy is a significant pull factor for foreign workers, but despite a declining workforce and a need for foreign workers, Seoul implements some of the strictest immigration controls among the OECD countries. Prior to immigration reform initiated in 2004, South Korea maintained exclusionary practices towards long-term immigration for foreign workers through “side-door”…