Economic Outlook of North Korea in 2012 In recent years, North Korea has calibrated its actions to become a socialist economic power by 2012, the centenary of the birth of Kim Il-sung, founder of the Democratic People’s Republic of Korea. The capital city of Pyongyang was spruced up; coop...

Korea-China-Japan Free Trade Agreement: Prospects and Issues Despite fiscal crises in their export markets, Korea, China and Japan have maintained steady growth in the past few years. As of 2010, the combined gross domestic product (GDP) of the three countries amounted to US$12.39 trillion, or 19.6 percent of ...

Widening Gaps in Income and Quality of Life: Trends in HQLI and Implications “Quality of life” is the total amount of satisfaction that makes one’s life valuable and abundant. It is measured mainly based on objective elements such as income, health, labor, education, environment, and safety. Based on Jang Yeong-sik et al. ...

What Business Can Learn from K-pop for Global Strategy The world is sitting up and taking notice of K-pop, the driving force behind the “New Korean Wave” (sin hallyu), which is reinvigorating the international popularity of modern Korean culture started by TV dramas. Girls’ Generation appeared on the ...