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In the aftermath of the Global Financial Crisis, the multilayered international financial governance regime has been strengthened. In East Asia, this regime includes an ASEAN+3 regional layer designed to complement…
Dear Readers, With the 31st edition of Korea’s Economy, we have turned our focus to Northeast Asia where China and Japan represent two of South Korea’s most important trading partners.…
The ROK-Japan relationship seemingly found a floor after the downward spiral that marked the end of the Lee Myung-Bak presidency and the first three years of President Park Geun-hye. Seoul…
This report conducts an analysis of the corporate bond market in Korea and the changes in interest rates and term structure since the 1997 Asian financial crisis. The potential risks…
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…