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Opinion

Columnists

All automation is good automation

South Korea has a productivity problem. Productivity growth is the single most important economic factor, for without it per-capita incomes stagnate. For the half century after the 1950-53 Korean War, South Korea likely had the fastest rate of productivity growth of any nation in history, with annual rates of GDP-per-capita growth sometimes in excess of 10 percent. That is why Korea went from a low-income nation to a high-income one.

2021-06-17 17:01

Korea has too many small firms and it's hurting economic growth

From the 1950s to the mid-1990s, Korea pulled off an economic miracle: industrializing faster than virtually any nation in history. This process enabled Korea eventually to become the world's 10th largest economy today.

2021-05-06 17:29

US industrial policy is back

One reason for Korea's phenomenal economic and technological rise over the last 60 years was that its industrial policies focused initially on spurring the growth of manufactured product exports and more recently on supporting advanced technology production.

2021-04-05 17:10

Regulation: Korea's next innovation challenge

Korea has rapidly progressed when it comes to innovation. In the World Intellectual Property Organization's 2020 Global Innovation Index, Korea broke into the top 10 for the first time, ranking first in research and development (R&D) and second for human capital and information and communications technology (ICT).

2021-03-15 16:56

What do Biden administration's trade, economic policies mean for Korea?

While U.S. President Joe Biden has only been in office about two months, there are already signs that suggest how his administration's priorities could affect South Korea.

2021-02-18 18:30

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