Economics

    In the mid-1990s, North Korea experienced a famine that by some estimates wiped out 10 percent of the population. Though many at the time thought the regime would…

    On April 8, North Korea withdrew all of its workers from the Kaesong Industrial Complex, temporarily placing on hold the last form of cooperation between North and South…

With worldwide familiarity of Korean pop culture increasing through the viral exposure of Korean musician Psy’s hit record “Gangnam Style”, this episode Korean Kontext speaks to Mark James Russell, author…

In this episode we spoke to B.R. Myers, author of “The Cleanest Race” and regular contributor to the New York Times, Wall Street Journal, and The Atlantic.  Having been raised…

By Phil Eskeland With Washington still abuzz from recent visits of Chinese President Xi Jinping, His Holiness the Pope, a few royals from Spain and Sweden, and the resignation of the Speaker of the U.S. House of Representatives, it is important for Washington to focus on the critical upcoming summit meeting between President Barack Obama…

By Kyle Ferrier Last Friday the Bank of Korea (BOK) Monetary Policy Board held interest rates at 1.5% to top off a busy month that saw a decline in exports and a fluctuating won. The BOK decision to uphold its benchmark interest rate – the seven day repurchase rate – at record low levels is…

By Troy Stangarone South Korea saw the largest drop in exports since the global recession in 2009 in August with exports falling 14.7 percent year-on-year. One sited cause of the decline is slowing economic growth in China, which now accounts for about 25 percent of South Korea’s exports. With China now South Korea’s most significant…

By Linda Butcher How can we move forward with a Korea-India-U.S. trilateral dialogue? Yesterday, the Korea Economic Institute of America (KEI) held a program with top experts to discuss just that. Ambassador Kathleen Stephens who served as U.S. Ambassador to the Republic of Korea and U.S. Chargé d'Affaires in India, is optimistic, stating that the…

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