Financial Asia Rising: Asian Stock Markets in the New Millennium
The twenty-first century has already been dubbed the Asian century. Although this nomination may be premature, it is certain that its fi rst decade belongs…
The Graying of Korea: Addressing the Challenges of Aging
This past year—2007—was another solid one for Korea’s economy. Buoyed by continued strong exports and a pickup in domestic demand, real GDP is estimated to…
The Roles of China and South Korea in North Korean Economic Change
The year 2007 demonstrated more clearly than ever that external economic engagement provides a chance to help convince North Korea to abandon isolation and take…
U.S.-Korea Economic Relations: A Washington Perspective
On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade…
Peering Into the Future: Korea’s Response to the New Trading Landscape
As the first decade of the twenty-first century nears an end, distinct patterns are emerging in the global trading system. The Doha Development Round remains…
Tax Issues Affecting Foreign-Invested Companies and Foreign Investors
Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign…
Ingredients for a Well-Functioning Capital Market
Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets…
North Korea’s External Resources and Constraints
During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward…
The Capital Market Consolidation Act and the Korean Financial Market
After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial…
Korea’s Money Market
Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos),…