May 25, 2011

East Asian Economic Integration: Implications of a U.S.-Korea Free Trade Agreement

By Cheong Inkyo

The United States and Korea finished the eighth round of negotiations for a bilateral free trade agreement (FTA) in mid-March 2007, and the agreement is...

May 25, 2011

Economics of the Kaesong Industrial Complex

By Jeong Hyung-gon

Worldwide interest has been focusing on the Korean peninsula recently. The security situation on the Korean peninsula, which went from bad to worse after the...

May 25, 2011

U.S.-Republic of Korea Economic Relatoins: A Washington Perspective

By Jordan Heiber

The U.S.-ROK bilateral economic relationship entered a new era 1 April 2007 when President George W. Bush notified the U.S. Congress of his intent to...

May 25, 2011

Korea-U.S. Economic Relations in 2006

By Ahn Chong-ghee

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade...

May 25, 2011

Sustaining Rapid Growth in Korea through Innovation

By Randall Jones

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been...

May 25, 2011

Impact of Private Equity Funds on the Korean Merger and Acquisition Market

By Lee Ho-jin

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has...

May 25, 2011

Prospects for Increasing Labor Market Flexibility in Korea

By Kim Sung-teak

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the...

May 25, 2011

Big Bang on Korea’s Capital Markets: Reform legislation and its Impact

By Cho Sung-hoon

Along with commercial banks, capital markets are an integral part of the financial systems in most capitalist economies, and their relative importance is constantly increasing....

May 25, 2011

Bank of Korea Policy and the Asset Bubble Problem

By Federico Guerrero, Thomas F. Cargill

Central banks have two responsibilities: (1) stabilize the value of the currency and (2) maintain public confidence in deposit money by limiting systemic risk. The...

May 25, 2011

Bankruptcy Policy Reforms and Corporate Restructuring in Postcrisis Korea

By Lim Youngjae

In the unfolding process of the Korean financial crisis in 1997, an inefficient corporate bankruptcy system played a damaging role in the Korean economy. Before...

May 25, 2011

Korea’s Economic Prospects and Challenges

By Jerald Schiff, Subir Lall, Thomas Rumbaugh

Although Korea has seen its economic growth rates come down from the stratospheric heights of previous decades, it remains, by any advanced-country yardstick, a successful...

May 25, 2011

Korea-U.S. Economic Relations in 2005

By Ahn Chong-ghee

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s...