Archive | Economics

Setting Korea’s Fiscal Path

A timely response to the economic downturn is an immediate priority for South Korea, but the fiscal response should be coupled with budgetary discipline.

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Past Policies Shape Korea’s Green New Deal

The inclusion of green projects in President Moon Jae-in’s economic recovery plan builds on policies that have been drafted by past administrations.

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New Consultative Labor Committee Reflects the Severity of the Crisis

The Moon administration has taken an unprecedented measure to build consensus between rival labor unions to tackle the momentous economic challenge ahead.

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Precarity of Irregular Workers

The recent tragedy revealed that many people without full-time employment contracts are falling through the social safety net.

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Local Governments Further Expand Their Policy Scope

In response to fee increases by private food delivery apps, local governments are becoming direct participants in the service industry.

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The Growing Role of Local Governments in South Korea

The coronavirus outbreak has afforded provincial governments an opportunity to further expand their fiscal toolkits and shape the local economy.

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Small and Medium Enterprises In the Spotlight as Efficient Exporters

The response to the global pandemic has helped shift the narrative around small and medium enterprises, presenting them as more efficient exporters than their larger peers.

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Korean Agriculture’s Dependence on Migrant Workers

Travel restrictions that were imposed to contain the ongoing pandemic revealed how reliant South Korea’s agriculture industry is on foreign labor.

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Coronavirus Weakens Labor Unions

Coronavirus is changing the labor-management relationship in major Korean retail companies as public policy focus turns to minimizing the economic fallout of the epidemic.

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Domestic Labor Market Faces Coronavirus Headwinds

Economic uncertainties created by the coronavirus revealed that skilled workers in the manufacturing sector face more risks than other groups in the labor market.

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The Peninsula blog is a project of the Korea Economic Institute. It is designed to provide a wide ranging forum for discussion of the foreign policy, economic, and social issues that impact the Korean peninsula. The views expressed on The Peninsula are those of the authors alone, and should not be taken to represent the views of either the editors or the Korea Economic Institute. For questions, comments, or to submit a post to The Peninsula, please contact us at ts@keia.org.