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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 recent talks, the Chinese FM raised the idea of joint dialogue to reach a political resolution between North and South Korea. China also voiced support for South Korea’s goals of peace and denuclearization of the Korean Peninsula. The two foreign ministers discussed holding a future 2+2 meeting with diplomatic and security officials from…
What Happened On April 1, Seoul and Tokyo met to discuss historical issues, future bilateral meetings, and improving trilateral relations. The meeting came just after Japan’s Ministry of Education approved 30 high school social studies and history textbooks that showed the Dokdo islets as part of Japanese territory. Although South Korea called for the books to be corrected and for the…
What Happened On March 26, the South Korean Defense Minister met with his Indian counterpart to discuss mutual cooperation. Items discussed included increasing defense ties, arms sales, and foreign direct investment. Korean companies are interested in partnering with the Indian military to supply anti-aircraft defense systems and participate in shipbuilding projects. Implications: While Korea has not joined any formal coalitions aiming…
Thomas Bach, current Chairman of the International Olympic Committee (IOC), published a lengthy opinion piece about the Olympic Games last October. In a strong defense of the games as “an event that unites the world,” he unequivocally proclaimed that “the Olympic Games are not about politics.” While keeping politics out of the Olympic Games may…