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.…

What Happened There is speculation in South Korea that the Biden administration will strengthen ties between democratic countries to affect U.S. engagement with China. While Seoul has been hesitant to make any moves that might provoke China, former ROK ambassador to the United States Yang Sung-chul noted that the forum can be a means to advance South Korea’s own…

What Happened A record number of retail investors - over 2 million - are expected to attend Samsung Electronics’ virtual shareholder meeting in March. A growing number of domestic retail investors have been purchasing Samsung stocks, leading to its value doubling since March 2020. Retail investors make up 99.6% of Samsung Electronics’ shareholders but they only control 6.48% of the company’s…

What Happened On February 12, a member of the National Assembly noted that 23.5 percent of all North Korean defectors who received medical attention were treated for mental health issues in 2019. Although the South Korean public-at-large is likely underreporting their mental health needs, the defector community showed significantly higher rates than the societal average (4.6 percent) in…

In recent months, western media reporting has emphasized Kim Jong Un’s emotion-laden comments admitting both North Korea’s failure to meet economic goals and the severe hardships being experienced by its people. These statements have been characterized by some western observers as apologies, contrition and personal admissions of “his” failure. Such characterizations should not lead to…