Asia

The paper reviews some of the key aspects leading to Korea’s remarkably successful economic transformation, including its consistent and aggressive pursuit of export-led growth, its investments in basic services and…

Korea’s economic development is often cited as a model for other developing nations. One of about 60 countries whose per capita income was less than $300 in the 1960s, only…

Korea has shaken off some of the impacts brought by the Sewol ferry disaster, but its overall pace of growth is still very weak. The Korean economy is forecast to…

The Korean economy has faced several crises, such as the ending of the rapid economic growth era in the 21st century, continued stagnation of per capita GDP growth since 2007…

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.…

South Korea has faced political paralysis since President Yoon Suk Yeol’s December 3, 2024, declaration of martial law, the rapid reversal of that decision by the National Assembly, and the ensuing crisis. The Constitutional Court will decide on April 4, 2025, at 11:00 a.m. KST whether to uphold the Assembly’s decision to impeach President Yoon.…

The digital trade landscape in South Korea offers significant opportunities for U.S. companies, but it also presents a range of challenges. As one of the most technologically advanced countries in the world, South Korea is a lucrative market for digital trade. However, U.S. companies eager to tap into this potential face various challenges, including regulatory…

For decades, U.S. foreign assistance has played a pivotal role in advancing U.S. interests, strengthening alliances, and promoting stability in key regions of the world. Nowhere has this been more evident than in Asia, where U.S. development cooperation with South Korea—itself a model for the benefits of U.S. foreign assistance—has been a vital tool for…

South Korea’s Nationally Determined Contribution (NDC) under the Paris Agreement sets a target of reducing its greenhouse gas (GHG) emissions by 40 percent by 2030 (relative to their peak in 2018). Korea also aims to achieve carbon neutrality by 2050 (Figure 1, Panel A). The targets are ambitious, as Korea was the world’s thirteenth-largest GHG…