The Challenges of a Second Minimum Wage Increase in South Korea
The Korean government announced on July 14 that it will raise the minimum wage next year by 10.9% to 8350 won ($7.40), following a 16.9% increase this year.
South Korean Economic Concerns Dampen Moon’s Approval Ratings
For the first time in his presidency, South Korean President Moon Jae-in has seen his approval ratings fall below 60 percent as economic issues rise to the forefront of public concern.
U.S. Merchandise Trade Deficit with South Korea Continues to Decline
While America’s overall merchandise trade deficit went up by 6.7 percent for the first six months of this year, it declined 23 percent with South Korea.
Kim Turns to Exhortation Economics, What is His Plan B?
Kim Jong-un is launching his “economy first” messaging with his new emphasis on economic growth and improved living standards.
Higher Tariffs on Imported Vehicles and Parts from Korea Will Harm U.S. National Security
Not only are there sound economic reasons not to impose higher tariffs on Korea motor vehicle and parts imports, it will also damage U.S. national security.
The Secrets to Success for Marvel Movies in South Korea
When Avengers: Infinity War was released in South Korea on April 25, 980,676 people watched it just on the first day, a record high among Marvel movies.
Consequences of South Korea’s New Shortened Workweek
Known for its “inhumanely long” workweek, South Korea just shortened its maximum working hours from 68 to 52 hours per week.
Korea- Mexico Relations: Where Ties are a Win
While South Koreans celebrated their team’s upset victory over Germany in the World Cup earlier this week, no country was happier about the win than Mexico.
Why the United States Won’t Provide Financial Aid to North Korea
In trying to get Kim Jong-un to give up his nuclear program, Trump has suggested the U.S. private sector provide financial assistance to North Korea.
Hold Your Dollars! The Right, and Wrong, Ways to Engage North Korea
To break the cycle with North Korea, our reengagement needs to work to simultaneously end the weapons program and end the failed economic system.