Asia

During the two-year period since the outbreak in August 2007 of the U.S. subprime crisis, Korea has felt its severe effects: Korea’s economy contracted sharply and experienced a liquidity crisis.…

There is certainly a place for regionalism in Northeast Asia.1 It already exists in various amorphous ways, but regional identity is relatively weak in Northeast Asia, and for this and…

The rise of China means that the regional (not global) power structure is shifting from unipolarity to bipolarity. Whether this is a positive or negative development depends on a particular…

The dramatic events of recent months—and, above all, North Korea’s second nuclear test and long-range missile launch—demonstrated once again that the Barack Obama administration and the international community at large…

Despite being industrial powerhouses, Korea and Japan are both resource-poor nations with limited domestic sources of energy. Powering their economies required both to develop supply chains for fossil fuels, nuclear…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

By Phil Eskeland During the past several weeks, international viewers were treated to a series of broadcasts from major news outlets trumpeting every bellicose statement and video from Democratic People’s Republic of Korea (DPRK).  This culminated two weeks ago, in the run-up to two North Korean anniversaries where “something” was expected to happen, with one…

By Jinho Park While North Korea ratchets up the tension in Northeast Asia, Kim Jong-un made the bold—though not surprising—decision of withdrawing all North Korean workers from the Kaesong Industrial Complex. Recently, South Korea and the United States together have called for a dialogue with North Korea. North Korea has dismissed the offer by denouncing…

The U.S.-Korea Free Trade Agreement, or KORUS FTA, has now been in effect for one year and, as with any agreement, it is natural to reflect on what the FTA has achieved. As the largest U.S. FTA in more than two decades, and one of the few with a major developed economy, the KORUS FTA…

This week’s Highlighted Trend features the visualization of a dramatic trend occurring in South Korea’s balance of trade with its partners over the last thirty years. KITA data reveals that over time, South Korea is undergoing an increasing level of trade polarization (i.e. greater degrees of trade imbalances) vis- à-vis its trading partners.  China and…