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Relations between Russia and North Korea are growing closer. Pyongyang has been publically supportive of Russia’s war in Ukraine and is reported to have supplied Moscow with millions of artillery…
The recent war in Ukraine, Russia’s overtures towards North Korea, and North Korea’s emergence from the COVID-19 pandemic all signal a sea-change for the DPRK’s place in the international system.…
For the first time in decades, there is a real sense of urgency in revitalizing U.S. shipbuilding. There is bipartisan political interest in challenging China’s dominance in this space, and the U.S. private sector appears poised to capitalize on the momentum. Tangible and well-timed developments such as Hanwha’s purchase of Philly Shipyard have added to…
Once dismissed as an abstract nuisance, transnational subsidies—where governments subsidize firms operating beyond their borders—have now become a central concern for countries. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures regulates subsidies that could potentially distort fair competition, generally applying a territorial criterion that mandates the subsidy recipient be located within the…
South Korea’s defense industry, known domestically as “K-Bangsan,” is emerging as a major global player. Defense exports (in terms of orders) have skyrocketed in recent years, having exported a total of $38 billion from 2021 to 2023 ($7.3 billion in 2021, $17.3 billion in 2022, and $13.5 billion last year). That comes to an annual…
South Korea’s rapprochement with Japan and North Korea’s embrace of Russia significantly shaped events on the Korean Peninsula in 2023. Both promise to have a substantial impact on events in the coming year. After years of declining relations, South Korea took the initiative to mend ties with Japan by proposing a path for resolving the…