Asia

In 2005, the Korean ambassador to China was excited about the completion within five years of the target trade volume of over $100 billion with China, which was set by…

Economic Interdependence Between Korea and the United States

The Matter of the Kaesong Industrial Complex in the Korea-U.S. Free Trade Agreement Negotiations

The 11 September 2001 terrorist attacks shocked the world twice: first, their unimaginable method of attack and, second, the U.S. response in their wake. Doctrines, policies, and actions that emerged…

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.…

Given the paucity of data on North Korea, the food prices provided by Rimjingang and DailyNK are often used for a variety of analytic purposes: to monitor seasonal fluctuations that most affect the poor; as a wider proxy for inflation; and as an indicator of larger constraints on the economy, including sanctions and the border…

On February 22, 2022, the Korea Fair Trade Commission (KFTC) conditionally approved the merger of the two largest air carriers in South Korea—Korean Air and Asiana Airlines. This approval comes nearly a year and a half since Korean Air’s announcement that it would buy a nearly 64% stake in its sole major domestic competitor for…

In December 2021, Yoon Suk-yeol’s campaign released a short candidate clip. Looking and sounding just like the candidate, the ‘man’ in the video says, “hello, it’s ‘AI Yoon Suk-yeol,’ are you surprised at how much I look like [him]?”  Since then, the campaign would go on to release short clips of the candidate responding to…

Labor market dualism – the segmentation between regular and non-regular workers -- is deeply entrenched in Korea’s labor market. Regular workers receive higher wages and social insurance coverage and a high degree of job security, while non-regular workers receive lower wages, are less likely to be covered by social insurance and work in precarious jobs.…