May 25, 2011

U.S.-Korea Economic Relations: A Washington Perspective

By Deena Magnall, Jennifer Schuch-Page, Jordan Heiber

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...

May 25, 2011

Peering Into the Future: Korea’s Response to the New Trading Landscape

By Troy Stangarone

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...

May 25, 2011

Tax Issues Affecting Foreign-Invested Companies and Foreign Investors

By David Jin-Young Lee, Henry An

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...

May 25, 2011

Ingredients for a Well-Functioning Capital Market

By Francis E. Warnock, John D. Burger, Veronica Cacdac Warnock

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...

May 25, 2011

North Korea’s External Resources and Constraints

By Marcus Noland, Stephan Haggard

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...

May 25, 2011

The Capital Market Consolidation Act and the Korean Financial Market

By Kim Dong-hwan

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...

May 25, 2011

Korea’s Money Market

By Dominique Dwor-Frecaut

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),...

May 25, 2011

Progress in Corporate Governance

By Stijn Claessens

This article investigates the progress in corporate governance reform in Korea since 1997 as well as current corporate governance challenges. It focuses on corporate governance...

May 25, 2011

Korea’s Economic Achievements and Prospects

By Pyo Hak-kil

According to a preliminary estimate by the Bank of Korea on 4 January 2008, Korea’s per capita gross domestic product (GDP) and per capita gross...

May 25, 2011

U.S.-Korea Economic Relations: View from Seoul

By Han Dongman

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together...

May 25, 2011

How North Korea Finances its International Trade Deficit: an Educated Guess

By Edward M. Graham

The Democratic People’s Republic of Korea (henceforth North Korea) certainly seems to like being different from other countries. Whereas governments of virtually all the world’s...

May 25, 2011

Realistic Expectations of the Future Role of the International Financial Institutions on the Korean Peninsula

By Mr. Bradley Babson

Recent developments on the Korean peninsula are raising expectations that the DPRK may finally be ready for a new era of political rapprochement and economic...