Asia

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…

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 real gross domestic product (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 Chad 0'Carroll As South Korea evaluates a range of advanced fighter jets in preparation for an October decision on upgrading part of its air force, North Korean air force commanders are likely getting increasingly worried about their capacity to defend the skies of the DPRK. Although Pyongyang has long possessed a much larger air…

By Chad 0'Carroll As the economic crisis continues to lead governments into austerity programs worldwide, South Korea is preparing to sign off on defense contracts totaling over $12 billion this year.  The biggest allocation of the budget is being reserved for the purchases of some $7.2 billion worth of next generation fighter jets, representing the…

Ben Hancock: 김연정과의 인터뷰 1. 김연정 선생님: 대학교 때 우연히 외국인에게 한국어를 가르쳤던 적이 있었는데 그 때 다른 문화와 언어를 사용하는 사람에게 우리 말과 글을 가르치는 것에 재미를 느껴서 막연히 이 일을 직업으로 하면 좋겠다고 생각했습니다. 하지만 제가 일을 시작할 당시에는 한국어를 가르치는 기관이 대학교 어학당을 제외하면 거의 없어서 일을 찾는 것이 생각보다 쉽지 않아서…

By Chad 0'Carroll Last week the Committee to Protect Journalists (CPJ) released a report which put Eritrea as the world’s leading censor of the media.  Eritrea sat on top of a list of ten countries which CPJ said had “dictatorial controls” on domestic media, followed closely by North Korea, Syria and Iran.  North Korea, which…