With inflation undershooting its 2% medium-term target, the Bank of Korea (BoK) cut its policy rate by 50 basis points twice in 2019 (Figure 1)....

Korea’s economy shrank by 1% in 2020, the first contraction since the 1997 Asian financial crisis (Table 1). It was the smallest decline among the...

President Moon Jae-in pledged in October 2020 that Korea will reach carbon neutrality by 2050, joining a number of European countries and Japan. With China...

On November 15th, fifteen countries signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement. It includes the ten ASEAN countries and some...