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Why Brexit Demonstrates the Need for Structural Reform in South Korea

As policymakers around the world look to ease the impact of the financial shock from Brexit through further fiscal stimulus and monetary easing, it is vital that they not discount the pivotal role politics plays in managing an economy and how the anti-global integration phenomenon can change the domestic political landscape.

The Meaning of Brexit

The Brexit decision marks a historic turning point that will have ramifications in expanding circles from inside the UK, to the EU, and to the rest of the world, including the United States and the Republic of Korea.

Growing Pains: The Case of Kakao

The runaway success of Kakao’s mobile messaging app can be easily seen by its near universal use in South Korea. From high school students to working professionals, three-quarters of South Korea’s 50 million residents use Kakao’s free messaging service monthly with an additional 10 million monthly users outside of South Korea.

North Korea’s Hunger Problem

Reports of visible improvements in Pyongyang (but much less in the countryside), nuclear and missile testing, cyber-attacks, and Kim Jong-un’s public appearances have dominated recent media coverage and have caused memories of North Korea’s agricultural problems to fade. Now, however, hunger in North Korea may be reemerging as a concern.