Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.

Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.

Paek Nam-nyong’s Friend is a tale of marital intrigue, abuse, and divorce in North Korea. A woman in her thirties comes to a courthouse petitioning for a divorce. As the judge who hears her statement begins to investigate the case, the story unfolds into a broader consideration of love and marriage. The novel delves into its protagonists’ past, describing how the couple first fell in love and then how their marriage deteriorated over the years. It chronicles the toll their acrimony takes on their son and their careers alongside the story of the judge’s own marital troubles. A best-seller in North Korea, where Paek continues to live and write, Friend illuminates a side of life in the DPRK that Western readers have never before encountered. Far from being a propagandistic screed in praise of the Great Leader, Friend describes the lives of people who struggle with everyday problems such as marital woes and workplace conflicts. Instead of socialist-realist stock figures, Paek depicts complex characters who wrestle with universal questions of individual identity, the split between public and private selves, the unpredictability of existence, and the never-ending labor of maintaining a relationship. This groundbreaking translation of one of North Korea’s most popular writers offers English-language readers a page-turner full of psychological tension as well as a revealing portrait of a society that is typically seen as closed to the outside world.

Against the backdrop of China’s mounting influence and North Korea’s growing nuclear capability and expanding missile arsenal, South Korea faces a set of strategic choices that will shape its economic prospects and national security. In South Korea at the Crossroads, Scott A. Snyder examines the trajectory of fifty years of South Korean foreign policy and offers predictions—and a prescription—for the future. Pairing a historical perspective with a shrewd understanding of today’s political landscape, Snyder contends that South Korea’s best strategy remains investing in a robust alliance with the United States. Snyder begins with South Korea’s effort in the 1960s to offset the risk of abandonment by the United States during the Vietnam War and the subsequent crisis in the alliance during the 1970s. A series of shifts in South Korean foreign relations followed: the “Nordpolitik” engagement with the Soviet Union and China at the end of the Cold War; Kim Dae Jung’s “Sunshine Policy,” designed to bring North Korea into the international community; “trustpolitik,” which sought to foster diplomacy with North Korea and Japan; and changes in South Korea’s relationship with the United States. Despite its rise as a leader in international financial, development, and climate-change forums, South Korea will likely still require the commitment of the United States to guarantee its security. Although China is a tempting option, Snyder argues that only the United States is both credible and capable in this role. South Korea remains vulnerable relative to other regional powers in northeast Asia despite its rising profile as a middle power, and it must balance the contradiction of desirable autonomy and necessary alliance.

"Among the scholars who have built the field of Korean studies are former Peace Corps volunteers who served in South Korea in the 1960s and 1970s before pursuing advanced degrees in anthropology, history, and literature. These scholars, who formed the core of the second generation of Korean Studies scholars in the US, reflect in this volume on their personal experience of serving during Korea's period of military dictatorship, on issues of gender and the Peace Corps experience, and on how random assignment to Korea sparked fascination and led to lifelong professional involvement with the country. Two chapters by Korean studies scholars who were not Peace Corps volunteers (one American and one Korean) assess how Peace Corps volunteers have influenced development of the field"--

Since the end of the nineteenth century, the Korean people have faced successive waves of foreign domination, authoritarian regimes, forced dispersal, and divided development. Throughout these turbulent times, “queer” Koreans were ignored, minimized, and erased in narratives of their modern nation, East Asia, and the wider world. This interdisciplinary volume challenges such marginalization through critical analyses of non-normative sexuality and gender variance. Considering both personal and collective forces, contributors extend individualized notions of queer neoliberalism beyond those typically set in Western queer theory. Along the way, they recount a range of illuminating topics, from shamanic rituals during the colonial era and B-grade comedy films under Cold War dictatorship to toxic masculinity in today’s South Korean military and transgender confrontations with the resident registration system. More broadly, Queer Korea offers readers new ways of understanding the limits and possibilities of human liberation under exclusionary conditions of modernity in Asia and beyond. Contributors. Pei Jean Chen, John (Song Pae) Cho, Chung-kang Kim, Timothy Gitzen, Todd A. Henry, Merose Hwang, Ruin, Layoung Shin, Shin-ae Ha, John Whittier Treat

Korean Dream: A Vision for a Unified Korea is a powerful call to action for Koreans and supporters everywhere to achieve a new nation, rooted in a common past. In this Centennial Edition, which debuted on several bestseller lists including the Wall Street Journal, LA Times, and Publishers Weekly, Dr. Hyun Jin Preston Moon presents an innovative way forward for the Korean Peninsula that at its heart is Korean led. Ultimately, Korean reunification is the only long-term solution to security, economic, and social problems created through a 70-year division of the Peninsula. Dr. Moon goes a step further, offering a groundbreaking approach to peace rooted in the founding principles of Hongik Ingan, cultural practices, and engagement from civil society organizations to empower Koreans to become global advocates for peace. Korean Dream calls upon Koreans, Korean diaspora, and people everywhere to take charge and work to achieve a reunified Korean peninsula. Korean Dream Empowers the Korean People to Rediscover Their Historic Identity. Dr. Moon’s vision empowers the Korean people to rediscover their 5,000-year-old historic identity and take it upon themselves to lead the way toward a peaceful reunification of the peninsula. A Nation Built on Shared History and Heritage. For reunification to happen, modern South Korea must recognize and embrace its shared history, heritage and culture. South Korea’s surging economy and decades of separation caused many to lose sight of its past and common connection with Koreans in the North. A Korean-led Future with Universal Principles and Values. Korea must represent the goals of its people in the form of a popular, representative form of government. A reunified Korea must give the Korean people the same freedoms and human rights that the American people and others around the world have today. Live for the Greater Benefit of All Humanity. Hongik Ingan defines the hope, potential, and strength of the Korean people. Korean Dream is devoted to the welfare of mankind in working toward reunification, drawing support from participants regarding human rights, universal spiritual principles and natural law toward a civic society. The Role of Civil Society and NGOs. Civic associations are the heart of a thriving democracy; a medium through which citizens contribute to and build the life of the national community. The Korean people must engage with one another and civic associations to address issues in local areas beyond the scope of government. Reunification is Only the First Step. Beyond Korean reunification, the Korean people would be in a position to become global advocates on the basis of high moral principles. These principles of the Korean Dream will become a global call for realizing a world that lives as One Family under God.