North Korea’s Difficulties Coping with COVID-19
The government of North Korea continues to report that it has no cases of COVID-19. In its most recent submission to the World Health Organization…
Korea’s Monetary Policy During the COVID-19 Pandemic
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)….
South Korea Focuses its Sights on South America
South Korea aims to expand trade partnerships with South American countries, building on ongoing efforts to diversify the number of trade partners.
Korea’s Economic Outlook: Is More Fiscal Support Needed?
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…
Young Retail Investors Help Corporate Giants
The rising cost of living and other external factors may be pushing people to purchase stocks of flagship corporations in a bid to grow their wealth.
Growth and Climate Change Mitigation At Odds
The South Korean government’s dual aim of promoting economic growth while pursuing carbon neutrality faces headwinds.
Economic Leverage Hits A Dead End in North Korea
North Korea continues to rebuff South Korea’s overtures for diplomatic engagement despite promises of economic assistance.
Korea Aims to Reach Carbon Neutrality by 2050
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…
The Government Changes Tune on Housing Policy
The Moon Jae-in administration responds to the failure of existing policy to address public demand for more affordable housing.
Growing Pushback Against Public Health Measures
Difficulties created by the prolonged pandemic creates tensions between shop owners and public health authorities.