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Asia
January 21, 2021
November 25, 2020
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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
Spanning nearly a century and multiple generations, Min Jin Lee's 2017 novel Pachinko tells the story of a Korean family struggling to find their place in Japan before, during, and after…
January 22, 2018
A woman in hanbok joyfully rises above Mt. Baekdu, arms raised, in a art piece entitled Umma Rises: Towards Global Peace. This is just one of many recent art pieces…
January 11, 2018
A group of women gossiping about the new neighbor. A feisty middle schooler using a homemade drone to prank his classmates. A young military officer seeking information from his past.…
December 11, 2017
With President Donald Trump finishing up his first official trip to Asia, including a stop in South Korea last week, this week's episode of Korean Kontext asks: what do South…
November 13, 2017
Attendees at a reception last week by the South Korean Embassy at Tokyo’s New Otani Hotel, held to celebrate the sixtieth anniversary of the normalization of diplomatic relations between South Korea and Japan, were pleasantly surprised when Japanese Prime Minister Shigeru Ishiba showed up to deliver a warm address. He was followed by former prime…
June 22, 2025
From June 16 to 17, South Korean President Lee Jae Myung attended the Group of Seven (G7) Summit in Kananaskis, Canada. This was Lee’s debut on the global stage just thirteen days after he was elected to office. Despite very little time to prepare for multilateral summit meetings, Lee’s attendance offered a timely opportunity to…
June 18, 2025
In March 2025, South Korea admitted for the first time that the government doctored paperwork and faked the identities of at least 367 children between 1964 and 1999 in a bid for political and economic gains. South Korea’s Truth and Reconciliation Commission (TRC), an independent body established by the government to investigate historical injustices, described…
June 16, 2025
On May 28, 2025, the U.S. Court of International Trade (CIT) issued a permanent injunction against wide-sweeping tariffs imposed by the Donald Trump administration using the International Emergency Economic Powers Act (IEEPA), which included universal and reciprocal tariffs announced on “Liberation Day” as well as fentanyl-related tariffs. The CIT’s three-judge panel held that the U.S.…