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…

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.…

One of Korea's strongest capabilities is its soft power, accrued through its exports of Korean popular culture. Whether it’s Squid Game or BTS, Parasite or Black Pink, the Korea Wave has reached every shore and boosted Korea's profile. But while this does provide some opportunities, experts say there are limitations to what objectives the Korean…

The campaign for the March presidential election has been marred with partisan attacks and personal scandals that are reflective of the deeply seated fissures in Korea that mirror the emergence of bipolar "mega identities" in the U.S., especially as a backlash to the alleged successes or failures of the progressive Moon Jae-in administration. But in…

The potential growth rate – the level of output that an economy can produce at a constant inflation rate – in Korea has declined steadily from 5.0% during 1997-2006 to 2.7% during 2017-20, according to the OECD (Figure 1). The OECD projects that it will slow further to 2.2% from 2021-23. The Bank of Korea…

On March 9, South Korean voters will select their next president for a five-year term.  The South Korean constitution limits presidents to a single term, so there is no incumbent in the race. The presidential campaign is a contest between Lee Jae-myung, candidate of the progressive Democratic Party of current president Moon Jae-in, and Yoon…