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.…

The resource that will drive future growth is data. For Korea’s entertainment industry to get a share of this new currency, it has to transition from being producers of content to becoming providers of a platform that aggregates data. But domestic streaming platforms face numerous challenges when competing against foreign giants like Netflix, Disney+, and…

What Happened Parents of elementary school students are pushing for national academic evaluations to be reinstated to know where their children’s education stands compared to the national average. COVID-19 has increased concerns over a widening education quality gap between students. The government attributes this widening gap to students with access to private education and those who do not. Implications: Korean society…

Nearly 300 days have passed since the outbreak of the February coup in Myanmar. Since then, more than 1,250 citizens have been killed and 10,100 arrested while fighting in resistance against the military, according to the Assistance Association for Political Prisoners (AAPP). In response, the international community including the United Nations Security Council, has publicly…

What Happened The ruling Democratic Party’s presidential candidate Lee Jae-myung proposed another round of universal payments to help citizens overcome the economic challenges posed by COVID-19. However, Prime Minister Kim Boo-kyum and the government claimed that they do not have the capacity to provide another round of universal relief funds. A nationwide public poll showed that 60.1% of Koreans agree…