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.…

By Juni Kim North Korea’s submarine-launched ballistic missile (SLBM) test last week displayed a troubling advancement of North Korea’s missile technology. Despite close international attention and outcry, North Korea has made rapid advances in its SLBM capabilities since its first test last year. Although the details of some of the SLBM tests have been questioned,…

By Juni Kim In light of recent terrorist incidents that have spread across the globe, South Koreans have voiced concerns about global terrorism possibly reaching their shores. A poll conducted by Korea Gallup in 2015 indicated that 70 percent of South Koreans believed that a terrorist attack similar to the attack in Paris last November…

By Juni Kim In a year marked by turbulent Korean relations, the Rio Games provided the backdrop for two modest moments of North-South reconciliation. South Korean gymnast Lee Eun-ju posed with her fellow North Korean competitor Hong Un-jong for a selfie, which quickly became viral. A few days later, Kim Song-guk, the North Korean bronze…

By Juni Kim North Korea watchers have been busy for the last few days thanks to the high-profile defection of DPRK’s second-in-command in London, Thae Yong-Ho. While information will continue to emerge about Thae and his motivations, here are five interesting facts that we know thus far.   He defected with his family Thae was…