Economics

Anyone who has spent time in Korea knows the term Yellow Dust. Sand from Mongolia sweeps across China, picking up pollutants and carrying them across borders. Every spring, Koreans bring…

Last week, North Korea launched its Seventh Worker's Party Congress, a major meeting of regime leaders that has not been convened in 36 years. Although analysts had high expectations for…

In this episode, we take a step back from the Korean Peninsula and take a look at Northeast Asia from the perspective of one of its neighbors – Russia. In…

On May 1, South Korean President Park Geun-hye will travel to Tehran, Iran for a summit meeting with her counterpart, President Hassan Rouhani. This visit will be the first time a…

It is hard not to be sympathetic to South Korean President Yoon Suk-yeol as he tries to disentangle likely changes in US economic policies by the second Donald Trump administration. He, like dozens of his peers, is clamoring to come to Washington as soon as possible to influence decisions before they are set in stone.…

South Korea narrowly avoided a technical recession in the third quarter (Q3) of 2024 as GDP eked out a disappointing 0.1 percent gain from Q2, according to the Bank of Korea. The increase follows a small decrease in Q2 and a large upturn in Q1. The Q3 data corresponds to about a 0.4 percent gain…

Americans will soon elect a new presidential administration, which means potential changes for an array of US policies. In recent years, Washington has aligned its economic policies to coordinate with like-minded partners on supply chains and economic security, advanced technology development and safety, and decarbonization and clean economy standards. With a host of initiatives still…

Every fall, the International Monetary Fund (IMF) hosts the world’s top economists, central bank officials, government bureaucrats, and civil society leaders in its Annual Meetings to discuss issues of key concern and calibrate a future outlook on the global economy. There were four main themes in this year’s meeting: moderating inflation, low growth, fiscal stress,…

As disruptions in supply chains continue, what practical steps can the U.S. and Korea take to strengthen supply chains against future crises?