South Korea

Manufacturing jobs depart from Philippines for Vietnam

South Korean companies, the third-largest investor in the Philippines, are increasingly departing for Vietnam and other Southeast Asian destinations, driven by lower costs, red tape and an aversion to Filip...

Korea Seeks to Rein in Samsung

The case against the heir to leadership of the sprawling Samsung empire tests the will of the government of Korea’s liberal President Moon Jae-in to make good on the kind of sweeping campaign promise that every...

1H2017 Review: Korea

South Korea’s long-running political upheaval ensured that 2017 kicked off amid controversy. The very first day of the year saw president Park Geun-hye denouncing her impeachment by the National Assembly. Howev...

Economic Outlook 2017: Korea

South Korea kicked off the new year under a political cloud with President Park Geung-hye suspended from office after her December 2016 impeachment over alleged corruption and influence peddling. The scandal...

Korea’s Samsung: Too Big to Jail

As Samsung's hereditary boss Jay Y. Lee, looking dapper in a coal-black business suit, entered the criminal court in Seoul on Jan. 18, any notion that he might emerge in pale green prison garb seemed far-fetche...

Asia in 2016: Korea

South Korean President Park Geun-hye was stripped of her executive powers after the country’s legislature voted for impeachment in December, the culmination of a year of political scandal that saw massive prote...

Can South Korean Agriculture Survive Free Trade?

Two views exist on South Korean agriculture –a pessimistic one that argues it will collapse in the face of opening markets, and an optimistic one that argues it will become more competitive once South Korea...

Donald Trump Says the Korea FTA is a Disaster. Not True.

Donald Trump, the Republican nominee for the United States presidency, said on Aug. 8 that the four-year-old free trade agreement between South Korea and the US was a “perfect example of broken promises and tha...

Brexit and Korea: Pandora’s Box?

Many who observed the Brexit decision consider Pandora’s box now to be open. Was the Brexit ballot box indeed Pandora’s box? Were the Brexit decision and the “Trump phenomenon” flares of erupting distrust and f...

South Korea Shipbuilding Industry Faces Crisis

South Korea’s massive shipbuilding industry, the world’s leader, is facing a crisis, with the country’s three largest shipbuilding firms reporting combined losses of W6.4 trillion (US$5.5 billion) in 2015 a...