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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.…
What Happened During his visit to Iran, South Korean Prime Minister Chung Sye-kyun said that South Korea should “quickly return” the USD 7 billion in Iranian assets frozen as a result of U.S.-led sanctions. PM Chung also expressed South Korea’s willingness to provide Iran with humanitarian aid, and stated that Seoul would be willing to support future negotiations on…
The government of North Korea continues to report that it has no cases of COVID-19. In its most recent submission to the World Health Organization on April 1, Pyongyang reported that it had tested a total of 23,121 people for the coronavirus as of April 1. It said that all results were negative. For a…
What Happened During a speech commemorating the 1948 Jeju Uprising, Moon Jae-in highlighted a recently-revised National Assembly bill that will strengthen compensation for victims of this historical event. This is the fourth year in a row that Moon has spoken in a ceremony recognizing the Jeju Uprising and its victims, and he is the second president to…
By Stephan Haggard A review of Guns, Guerillas and the Great Leader by Benjamin Young (Stanford University Press, 2021) A recent trend in the diplomatic history of the postwar period is to de-center the focus on the major powers and pay more attention to how developing countries forged relations with one another. Reflective of this…