Financial Crises and East Asia’s Financial Cooperation
East Asia is an area where real economic activities are closely linked. The brisk trade in goods and services among East Asian countries shows a…
How Available are DPRK Statistics?
A common problem facing students of the economy of the Democratic People’s Republic of Korea (DPRK) is the shortage of available statistics. It is extremely…
Korea’s Economic Stability and Resilience in Time of Crisis
In the wake of the fall of Lehman Brothers, in the fourth quarter of 2008 and the first quarter of 2009 Korea was faced with…
U.S.-Korea Economic Relations: A (Historical) View from Seoul
What corresponding changes are being made to the Korea-U.S. economic and trade relationship? If, through the changes of the last decade, our trade relationship has…
Housing Policy, Mortgage Markets, and Housing Outcomes in Korea
This paper aims to trace the major changes that took place in the Korean housing market and the housing finance system during the past decade,…
The Rocky Road for Modernizing the North Korean Economy
Rocky roads conjure images of pitfalls and jarring bumps on a tortuous journey toward some desired destination, without assurance that some calamity will not bar…
Economic Policy Reforms in the Lee Myung-Bak Administration
Between winning the election in December 2007 and taking office in February 2008, Lee Myungbak and his administration sketched out a massive reform program that…
Engagement on the Margins: Capacity Building in North Korea
The year 2008 saw a reversal of a long-lasting policy constellation in the international community visà- vis the Democratic People’s Republic of Korea (North Korea)….
Global Financial Crisis and the Korean Economy: Issues and Perspectives
The year 2008 will be recorded in world history as a year in which the global capitalist system was threatened as a consequence of the…
Korea’s Near-Term Economic Prospects and Challenges
Following several years of strong expansion, the Korean economy began losing momentum in the second half of 2008 in the wake of the stress engulfing…