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North Korea’s External Debts: Trend and Characteristics North Korea should begin repaying South Korea’s food loans this year. The South provided food to the North on six occasions between 2000 and 2007, delivering a total of 2.4 million tons of rice and 200,000 tons of corn worth US$720 million. By June ...

North Korea’s Economic System in the Kim Jong-un Era: Prospects for Change and Implicatio... Since the death of North Korea’s National Defense Commission Chairman Kim Jong-il, the world has been paying extraordinary attention to the country’s future. Most of the interest is on whether the late leader’s son, Kim Jong-un, and his supporters...

Polarizing Business Competitiveness Polarization of industry and business and widening gaps in competitiveness and performance have been spreading across the sectors and intensifying amid the recent economic recession and slow growth. Tangible polarization, as seen in the performance d...

Korean Movies from True Stories: Reality and Desire for Myth Following the release of “The Crucible” (“Dogani” in Korean), movies based on reality or promoted as such have been all the rage. “Unbowed,” released in January, was a huge hit as it rode on society’s mistrust of the judicial system. The main ...

April 2012

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 ...

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 ...

Widening Gaps in Income and Quality of Life: Trends in HQLI and Implic... “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, educati...

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 cultu...

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