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 During his visit to Iran, South Korean Prime Minister Chung Sye-kyun said that South Korea should “quickly return” the USD 7 billion in Iranian assets frozen as a result of U.S.-led sanctions. PM Chung also expressed South Korea’s willingness to provide Iran with humanitarian aid, and stated that Seoul would be willing to support future negotiations on…

The government of North Korea continues to report that it has no cases of COVID-19.  In its most recent submission to the World Health Organization on April 1, Pyongyang reported that it had tested a total of 23,121 people for the coronavirus as of April 1.  It said that all results were negative. For a…

What Happened During a speech commemorating the 1948 Jeju Uprising, Moon Jae-in highlighted a recently-revised National Assembly bill that will strengthen compensation for victims of this historical event. This is the fourth year in a row that Moon has spoken in a ceremony recognizing the Jeju Uprising and its victims, and he is the second president to…

By Stephan Haggard A review of Guns, Guerillas and the Great Leader by Benjamin Young (Stanford University Press, 2021) A recent trend in the diplomatic history of the postwar period is to de-center the focus on the major powers and pay more attention to how developing countries forged relations with one another. Reflective of this…