Asia

This past year—2007—was another solid one for Korea’s economy. Buoyed by continued strong exports and a pickup in domestic demand, real GDP is estimated to have grown by nearly 5…

The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take specific actions toward denuclearization that…

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade Agreement (KORUS FTA), an encompassing…

As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains stalled and has begun to…

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.…

Korea’s real GDP increased 1.2% (saar) in 2021Q3, a significant slowdown from the first two quarters of the year, reflecting a decline in private consumption (table below). A tightening of social distancing measures since July, aimed at slowing a fourth wave of COVID-19 infections, reduced spending on “consumer-facing services”. For example, demand in the food…

What Happened One of South Korea’s major telecommunications providers KT suffered a nationwide outage on October 25, causing widespread disruptions to daily tasks that require internet connectivity such as virtual classes, food delivery orders, and stock trading. A National Assembly hearing five days before the incident questioned telecommunications providers about the quality of the network services. The government still intends to…

What Happened South Korea will ease entry restrictions for migrant workers as long as they have been vaccinated and have negative COVID test results. Small and medium-sized businesses in rural Korea have complained about labor shortages due to the sharp drop in the number of migrant workers during the pandemic. In 2020, the death of a Cambodian migrant worker on a…

Heads of government of the world’s 20 largest economies met in Rome for their annual G20 economic summit last week.  The G20 member countries together account for more than 80% of the world GDP, 75% of global trade, and 60% of the world’s population.  Although the organization’s 2020 summit was held virtually because of the…