Asia

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. Countries around the world are…

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 first responsibility is primary, ongoing,…

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 the crisis, in 1996 and…

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 economic performer. Korea’s real GDP…

Despite being industrial powerhouses, Korea and Japan are both resource-poor nations with limited domestic sources of energy. Powering their economies required both to develop supply chains for fossil fuels, nuclear…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

President Moon Jae-in pledged in October 2020 that Korea will reach carbon neutrality by 2050, joining a number of European countries and Japan. With China aiming to be carbon neutral by 2060, Korea becomes the third big Asian economy to announce a target for achieving carbon neutrality. Korea’s objective is in line the Intergovernmental Panel…

What Happened Samsung Vice Chairman Lee Jae-yong was sentenced to two and a half years in prison for the second time for bribing former President Park Geun-hye’s close advisor. While the court gave Lee a shorter sentence than average for the crime, 46% of the Koreans in a survey believed that the punishment was too harsh. Recently, the Seoul Central District…

 What Happened: President Moon Jae-in vowed to focus more on increasing housing supply to discipline runaway real estate prices. The government attributed the failure of its previous effort to deliver affordable housing to the growth of households despite the shrinking population. The administration plans to develop more housing sites near train stations in Seoul and surrounding areas…

For North Korea to return to some semblance of its pre-COVID existence it will need to vaccinate its population, but acquiring the necessary vaccines will not be the only challenge North Korea faces. Once North Korea has acquired a vaccine to begin dosing its population, it will still need to have a proper cold chain…