“Beijing has never liked the trilateralism facilitated by Yoon’s leadership… [they are] happy with any political instability that could create frictions between the US and South Korea or South Korea and Japan”
The opposition DP retained an outright majority in the 22nd National Assembly with 161 district seats and 14 proportional seats following the elections on April 10.
The South Korean economy is noticeably sputtering, especially in comparison to stronger post-COVID recoveries elsewhere in Asia. Korea’s exports are down 15 percent year-on-year. Meanwhile, interest rate hikes by the Bank of Korea (BOK) to stem inflation have been largely successful but have hit the country’s USD 107 billion housing market and construction industry especially hard. Housing prices fell in April for the eleventh straight month and are down about ten percent from their peak last summer. Residential real estate is the largest class of assets for most Korean households, so a drop in values can have a strong and negative wealth effect on household spending.
South Korean Economy Facing Headwinds Read More »
“They’re winning in the Middle East. They’re winning in Southeast Asia,” he said.
TAG President Rexon Ryu Comments on South Korean Arms Exports Read More »
On this episode, Ambassador Joseph Yun joined us for a deep dive on South Korean President-Elect Yoon Suk-yeol’s victory and how the Yoon administration will shape Seoul’s foreign policy. We discussed South Korea’s relations with the United States, North Korea, and Japan, as well as potential cooperation with the Quad and policy surrounding the Russia-Ukraine
Amb. Joseph Yun on South Korean Foreign Policy and President-Elect Yoon Read More »
Admiral Harry Harris served as U.S. Ambassador to South Korea from 2018 to 2021, before which he was a four-star admiral in the U.S. Navy, commanding the U.S. Pacific Fleet and U.S. Indo-Pacific Command (USINDOPACOM). Admiral Harris was also the first American of Japanese descent to lead USINDOPACOM. Ahead of South Korean President Moon Jae-in’s
Admiral Harry Harris on South Korea and U.S. Strategy in the Indo-Pacific Read More »
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