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Carnegie Endowment for International Peace Source: Getty Summary: South Korea is bracing for a momentous demographic shift that could be a bellwether of how other countries around the world will deal with aging populations in the decades to come. Related Media and Tools If you enjoyed reading this, subscribe for more! Thank you! Table of Contents How long can South Korea retain its global economic and technological competitiveness? Will the country maintain credible deterrence and defense postures well into the future? Are existing socioeconomic inequalities likely to worsen with worsening demographic trends? These questions lie at the heart of South Korea’s demographic trajectory. ....
Author: Kyle Ferrier, KEI As the dust settles on Donald Trump’s far-reaching campaign promises, one thing is clear: the Trans-Pacific Partnership (TPP) is effectively dead. What replaces it will be of the utmost importance to Asia’s future. Read more… 3 Donate to EAF As a freely accessible resource for the region, East Asia Forum relies on donations from those who believe in its importance. More information. Contribute to EAF East Asia Forum welcomes submissions from readers interested in being part of its network of academics. More information. Subscribe Each post ....
Feb 3, 2021 South Korean President Moon Jae-in is calling on the corporate winners of the pandemic to share some of their profits with smaller businesses that have borne the brunt of the economic pain, as he looks to address the uneven nature of the recovery. The idea has gained traction within the ruling party in recent weeks as the K-shaped nature of the recovery has become clearer, with unprecedented public spending still failing to offset losses by mom-and-pop stores hit by social distancing restrictions. While public support for Moon’s government partly depends on its continued efforts to tackle simmering resentment over inequality in South Korea’s economy, critics of the profit-sharing drive say it’s tantamount to corporate bullying. Business lobbies, economists and market analysts say it would distort key incentives in the corporate world and reduce South Korean firms’ attractiveness for investors. ....
Home How international financial sanctions could derail vaccination drives How international financial sanctions could derail vaccination drives Biden must give banks cover to help all countries participate in rollout of Covid jabs World Economy News 19 Jan 2021 • 5 min read Annyeong haseyo from the foothills of Seoul’s stunning snow-dusted Namsan (South Mountain) where it’s sometimes easy to forget we’re just 50km from the heavily fortified border with North Korea. With Joe Biden’s inauguration just one day away, much local attention here is trained on the incoming administration’s approach to nuclear-armed Kim Jong Un. Will the new US president meet the young dictator? Will the US return to lower-level talks despite failing under previous administrations? Or, will Biden chart an entirely new course of diplomacy? ....