After five decades of industrialization, Korea now resembles the major advanced economies in its basic industrial profile. But with industrial activities heavily concentrated in low to medium value added industrial activities such as processing and production, Korea remains behind these...

Two-thirds of central banks in the East Asia and Pacific (EAP) region have started researching or testing the implementation of a Central Bank Digital Currency (CBDC). At the same time, the region accounts for one-third of world CO2 emissions and is vulnerable to climate risks. As the Group of 7...