Asia

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…

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

Although it is happening more rapidly in South Korea, an aging society is a common feature in post-industrial societies around the world. With the number of retirees growing and the…

In March, Seoul suffered from the worst air pollution on record. Enough that the South Korean government has officially designated the problem as a "social disaster." But what is causing…

Over the past few years, Korea and Koreans have experienced incredible political, social, and diplomatic shifts. It is hard keeping up with all these new developments as a Korea Watcher,…

Even before the meeting between President Trump and Kim Jong-un in Hanoi, foreign policy practitioners and observers were talking about the difficulties of sequencing international sanctions relief for North Korea…

By Sarah K. Yun On Tuesday, September 20, KEI hosted a discussion on China’s changing relations with the two Koreas as part of a book launch for the 2011 edition of Korea’s Economy.  The event featured two of the book’s authors, Forbes.com columnist Gordon Chang and Senior Congressional Research Service Analyst Dick Nanto. While both authors discussed…

The September 15 KEI-Woodrow Wilson Center program on my trip to North Korea with Charles Armstrong (Columbia University) and James Person (Wilson Center) received much Korean media attention.  The program showed over a hundred photos from the group's 4000-5000 pictures taken of daily life in Pyongyang and other citiesin North Korea. Below are links to…

On June 8 - 18, KEI Vice President, Abraham Kim, visited North Korea with a group of American Asia experts.  The purpose of the trip was to analyze the efficacy of sanctions, conditions in the cities/countryside, the integration of technology, the prevalance of cell phones and political conditions.  The slide presentation were shown at the GRS Annual Conference in…