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What Would a Fed Rate Rise Mean for South Korea?

The possibility of an increase of the federal funds rate for the first time since June 2006 has garnered much public attention, with policy heavyweights weighing in for and against a rate rise. At the core of concerns for the global economy is the prospect of capital flight from emerging markets to the U.S., as investors could receive higher yields with less risk.

Why North Korea’s “Non-Apology” Apology is Significant

In the aftermath of the recent tensions on the Korean peninsula some commentators have contended that South Korea is spinning the idea that North Korea apologized for maiming two South Korea soldiers when it didn’t directly claim responsibility for the act but merely expressed regret.