Asia

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade agreement. While the negotiations were…

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been based primarily on inputs of…

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of…

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct…

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 Severe Disaster Law was passed to protect employees working in environments with insufficient safety regulations. While the new legislation intensifies punishments for chief executives, it does not provide supplementary safety regulations. The effectiveness of the new bill is questioned as workplaces with fewer than 5 employees are not affected by the new legislation despite…

What Happened The ruling Democratic Party is developing a plan to incentivize big corporations to share part of their profits with entities that were heavily affected by COVID-19. The ruling party wants to promote voluntary participation through incentives such as tax benefits and administrative support. Some National Assembly delegates and policy commentators voiced their demand for more…

What Happened A 16-month-old toddler was killed by her adoptive parents in 2020. An investigative report revealed that the police and other protective services were aware of possible abuse prior to her death. A nation-wide campaign led to the National Assembly Legislative Judiciary Council advancing new legislation requiring public agencies to investigate all reports of child abuse. Implications: Despite the South…

A three-hour military parade and a fireworks display in Pyongyang on January 14 punctuated the end of the 8th Congress of the Workers Party of Korea.  The 8th Congress, which lasted eight days, was the first such high party gathering since 2016 and only the second since the 6th Congress was held in 1980.  Such…