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 Mark Tokola According to news reports, Kim Jong-un’s brother, Kim Jong-nam, was murdered in Malaysia on February 13.  He reportedly died while being transported from the Kuala Lumpur airport to a hospital, apparently as the result of poisoning, which seems to be the preferred means for modern dictators to dispose of threats (see what…

By Troy Stangarone To test or not to test Trump? For North Korea the question has been more one of when and how to test rather than if to test President Donald Trump. Having largely refrained from taking provocative actions since the U.S. election, apart from Kim Jong-un’s New Year’s Day declaration that North Korea…

By Juni Kim The revelations of Choi Soon-sil’s involvement in the administration of President Park Geun-hye and the subsequent scandal late last year have led to record low public approval ratings for President Park and her impeachment by the South Korean National Assembly on December 9th. This is only the second instance of a South…

By Gwanghyun Pyun Recently, the number of claw machines around downtown Seoul have greatly increased, especially in busy nightlife areas such as Sinchon, Hongdae and Gangnam. Unlike in the past when claw machines were scattered around the city’s sidewalks, the machines have become so popular that there are now shops that exclusively run claw machines…