Republic of Korea


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Historical Dictionary of the Republic of Korea


Book Description

This dictionary presents a balanced and objective view of South Korea, providing a long perspective and covering varied aspects of South Korean life. Domestic, political, and social events, foreign affairs, economic and cultural developments, and the men and women who have influenced the country's history are reviewed in the more than 400 entries, many of which are new or have been updated from the first edition. The dictionary's chronology and historical narrative, also updated, cover the entire history of Korea for the benefit of readers who have little or no knowledge of the overall history of the Korean people. The extensive bibliography has been updated to include the most current and best books, journals, and websites, making this a valuable reference source for the scholar, student, and general reader.










The North Korean Revolution, 1945–1950


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North Korea, despite a shattered economy and a populace suffering from widespread hunger, has outlived repeated forecasts of its imminent demise. Charles K. Armstrong contends that a major source of North Korea's strength and resiliency, as well as of its flaws and shortcomings, lies in the poorly understood origins of its system of government. He examines the genesis of the Democratic People's Republic of Korea (DPRK) both as an important yet rarely studied example of a communist state and as part of modern Korean history.North Korea is one of the last redoubts of "unreformed" Marxism-Leninism in the world. Yet it is not a Soviet satellite in the East European manner, nor is its government the result of a local revolution, as in Cuba and Vietnam. Instead, the DPRK represents a unique "indigenization" of Soviet Stalinism, Armstrong finds. The system that formed under the umbrella of the Soviet occupation quickly developed into a nationalist regime as programs initiated from above merged with distinctive local conditions. Armstrong's account is based on long-classified documents captured by U.S. forces during the Korean War. This enormous archive of over 1.6 million pages provides unprecedented insight into the making of the Pyongyang regime and fuels the author's argument that the North Korean state is likely to remain viable for some years to come.




South Korea at the Crossroads


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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.




KOREA ANNUAL 2004


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Republic of Korea


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The Republic of Korea’s 2008 Article IV Consultation highlights that Korea’s business cycle is turning downward while inflation pressures have increased. Risks are mainly external and on the downside, but a volatile domestic political environment also clouds the outlook. Inflation pressures have risen, largely owing to higher global commodity prices, but should ease as growth slows. Despite still solid export growth, higher commodity prices have led imports to rise even more sharply while the services account deficit remains sizable.




Republic of Korea: 2004 Article IV Consultation--Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion


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This 2004 Article IV Consultation highlights that from 1999 to 2002, Korea's economy grew rapidly, by an average of 71⁄4 percent per year. But starting in 2003, the economy has begun to sputter. Growth suddenly stopped in the first half of the year, leapt ahead in the second half as exports boomed, but then slowed again to an anemic 23⁄4 percent annualized rate during January-September 2004 as exports decelerated. The authorities have been countering this slowdown by easing macroeconomic policies. The fiscal policy stance has been shifted from neutral to mildly expansionary.