South Korean army soldiers patrol along the demilitarized zone (DMZ) in Cheorwon, South Korea, May 13, 2014 (AP photo by Lim Byung-shik).

Thanks to its comprehensive democratization and its “Miracle on the Han,” which transformed the Republic of Korea into a developed country, South Korea has realized its aspirations to become a major international player. Nonetheless, the persistent threat from a perennially belligerent North Korea, along with the challenge of having three of the world’s most powerful countries as neighbors, continues to constrain South Korea’s global opportunities. Foreign Policy Although South Korean foreign policy cannot ignore its northern neighbor, the absence of any real movement in bilateral ties has meant that Seoul’s relations with Washington, Beijing and Tokyo have seen the most […]

M-PESA advertisement in a coffee shop in Kenya, June 30, 2012 (photo by Wikimedia user Raidarmax licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported license).

Last month the Kenyan-based mobile money transfer system M-PESA launched in Romania. In an email interview, Diane Mullenex, a partner at the law firm of Pinsent Masons, discussed the expansion of M-PESA outside of Africa. WPR: Why did M-PESA choose Romania as its first European country of operations? Diane Mullenex: M-PESA’s success in Kenya was primarily due to several factors, including the existence of a mostly “unbanked” population, a high penetration rate of mobile phones and a non-competitive market. Naturally, when it decided to expand its M-PESA service, Vodafone searched for countries presenting the same characteristics. After India in 2013, […]