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),…
Progress in Corporate Governance
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…
Korea’s Economic Achievements and Prospects
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…
U.S.-Korea Economic Relations: View from Seoul
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…
How North Korea Finances its International Trade Deficit: an Educated Guess
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…
Realistic Expectations of the Future Role of the International Financial Institutions on the Korean Peninsula
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…