By Randall S. Jones The Moon administration’s fiscal policy was expansionary even before the coronavirus pandemic. With government spending increasing more than 9% in both 2019 and 2020, the OECD projected last year that Korea’s budget surplus, which was nearly 3% of GDP in 2018 (on a general government basis), would disappear in 2020. The…
June 10, 2020
By Randall S. Jones Korea’s Success in Containing the Coronavirus Pandemic Korea has been able to contain the coronavirus thanks to the prompt implementation of effective policies. The number of new daily COVID-19 cases peaked at 909 on 29 February. At that point, Korea had the second-largest number of recorded cases in the world after…
April 30, 2020
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