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Economics

Displaying all content tagged with the theme Economics.
806 Posts located

The United Nations (UN) sanctions against North Korea are weakened by structural evasion techniques and weak enforcement. The African continent is a crucial node in the global illicit networks of…

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Region: Africa

June 15, 2022

Why is South Korea pilot-testing its Central Bank Digital Currency (CBDC), and what made it shift from non-issuance to consideration? This paper investigates the Bank of Korea (BOK)’s CBDC-related developments…

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Region: Asia

March 3, 2022

In this new article of KEI’s Korea’s Economy,  Dr. Bark Taeho (President of the Global Commerce Institute of Lee & Ko and Former Minister for Trade) notes that Korea has faced…

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Region: Asia

February 4, 2022

Digitalization could open a new era of growth for Korea. Previous expansion waves, based on traditional industries, have fostered export-led growth and placed Korea among the world’s top ten economies.…

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Region: Asia

30 years after the fall of the Berlin Wall, people’s aspiration to establish a pluralistic liberal democracy appears to be under scrutiny around the world – anti-immigration policies dominate political…

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Region: Asia

November 8, 2019

Strategically located at the crossroads of Central Asia, China, and Russia, Mongolia has long attracted the attention of regional powers – including the Koreas. How is this traditionally-nomadic, but resource-rich,…

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Region: Asia
Topic: Energy

November 5, 2019

Though hesitant to officially join the U.S. Indo-Pacific Strategy, South Korea is seeking to promote many of the same values through the Moon administration’s “New Southern Policy.” Central to this…

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Region: Asia

October 25, 2019

This month, the world was reminded once again that the relationship between the Republic of Korea and Japan is deeply fractious. Japan has imposed restrictions on the export of chemical…

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Region: Asia

July 12, 2019

Yoon Suk Yeol was inaugurated on May 9th as Korea’s twentieth president. He takes office at a difficult with the global economy disrupted by the war in Ukraine and an increasingly threatening North Korea, which has launched 16 missile tests thus far this year. Meanwhile, inflation has accelerated to 4.8% (year-on-year), its fastest pace since…

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Region: Asia

May 25, 2022

On May 3, the Yoon Suk-yeol administration announced its 6 broad visions that will guide its policymaking over the next five years. These include (1) policy and legal reforms, (2) economic growth, (3) welfare, (4) education and innovation, (5) security, and (6) regional developments. Digging into their subcomponents, there are several continuities between Yoon's vision…

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May 23, 2022

South Korea has one of the lowest food self-sufficiency rates among OECD countries. Supply chain constraints during the pandemic brought the country’s reliance on food imports into focus. Now, the crisis in Ukraine, coupled with India’s restriction of wheat exports, threatens to further raise domestic food prices. Even after experiencing a sudden spike in global…

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May 22, 2022

Korea-Russia economic relations are redolent of Ricardo’s classic observations about trade between Britain and Portugal in the mid-19th century, which generated the very concept of comparative advantage. Korea is an advanced industrial state with a deep manufacturing base and far-flung global production networks. Russia relies heavily on the export of raw materials, and by no…

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Region: Europe, Asia

May 18, 2022