Asia

Since the signing of the Mutual Defense Treaty in 1953, the U.S.-ROK alliance has been tremendously successful in deterring a large-scale attack by the DPRK. Even during national famines and…

This paper builds on the assumption that Korean engagement with Latin American countries is related to resources endowment on both sides. This makes for an interdependent relationship in which Korea…

Along with the revolution in the information technology (IT) industry, the world economy has also witnessed a spectacular rise of the financial industry in recent decades. The GDP share of…

Following several lost decades of stagnant growth and bad governance after independence in the 1960s, African countries are now resurgent. Whether one looks at gross domestic product (GDP) growth, investment…

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 Nicholas Hamisevicz The fear that North Korea’s suspension of activities at the Kaesong Industrial Complex would have broader implications began to materialize last week when Daewha Fuel Pump Industrial Ltd. announced it failed to deliver parts in time to its Indian customer. Other companies are beginning to publicize their setbacks as well. The economic…

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…