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)…

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 Nicholas Hamisevicz  The feast day of Saints Andrew Kim Taegon, Paul Chong Hasang and companions occurred this week on September 20. The celebration of these Korean saints demonstrates the development of religious freedom on the Korean peninsula. Moreover, religion and religious freedom need to be promoted as positive aspects for solving issues in unifying…

By Sarah K. Yun  On November 8, China will begin its once-in-a-decade leadership transition at the 18th Party Congress. The current vice president Xi Jinping is expected to be named the general secretary and de facto leader of the country, while Li Keqiang is set to become prime minister, largely overseeing economic policies.  Xi is…

In this week's Asan Institute for Policy Studies public opinion poll Ahn Cheol-soo and Moon Jae-in remain deadlocked in the race for the race to be the progressive standard bearer in the December presidential election. Ahn and Park Geun-hye also remain neck and neck in a hypothetical two way race, with Park leading a three…

By Luke Herman As the Kim Jong Un regime completes its eighth month in power following Kim Jong Il’s death in December 2011, there seem to be a number of differences between how this succession is being carried out with how it was carried out in 1994. For one thing, it has proceeded at a…