Historical and territorial disputes have consistently marred bilateral ties, but relations between the two democracies have hit a new low.
For Lee Jong-Wha's latest contributions to The Japan Times, see below:
The outcome of the race between technology and education will determine whether the opportunities presented by major innovations are seized, and whether the benefits of progress are widely shared.
Vietnam's "Doi Moi" economic reforms resulted in the creation of a market economy under the firm rule of the Communist Party. North Korea has what it needs to achieve a similar transformation.
With the right policies, Asian economies can mitigate the risks of this demographic trend and capitalize on their "silver dividend" to become more productive, resilient and dynamic than ever.
Asian economies should use the threat of broader U.S. tariffs as an opportunity to revamp their own development models.
As the global economic recovery gains momentum, the time has come to begin tightening monetary policy.
In the 1990s, South Korea waited for a crisis to erupt before responding with necessary reforms. But now the country is confronting a new set of internal and external risks.
As long as North Korea poses such an acute threat, China's opposition to the THAAD missile defense system is pointless — and highly destructive.
If Asian countries can develop a shared vision for an economic community and a political association, this century could be theirs.
China's economy is heading for a slowdown, but it doesn't have to be dire.