We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed...

Past experience of emerging infectious diseases enabled the Republic of Korea to respond promptly to COVID-19. The government's zero out-of-pocket strategy, dedicated funding to infectious diseases, previously reformed legal and policy frameworks, and proactive risk communication minimized the...