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.
10 Issues to Watch for on the Korean Peninsula in 2021
We were reminded last year that it can be difficult to anticipate the events that will dominate any given year. As 2020 began, few people…
Lawmakers Make an Economic Argument for Relocating the National Assembly
The ruling party doubles down on the claim that relocating the capital from Seoul to Sejong City would benefit the national economy.
The 52-hour Work Week Comes Under Pressure From SMEs
With the small firms under economic pressure, the lawmakers look for space to roll back some of the promises made to employees on maximum working hours.