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.…

On March 30, the South Korean Ministry of Unification published a 450-page report on human rights abuses in North Korea.  The report was drafted in accordance with the provisions of South Korea’s North Korea Human Rights Act of 2016, which specifies that the Ministry of Unification shall produce an annual report on human rights in…

The OECD’s March Interim Economic Outlook projects that Korea’s real GDP will increase by 1.6% in 2023, matching the Bank of Korea’s February forecast. The new projection is a slight downward revision from the OECD’s November 2022 outlook in the context of below-trend global economic growth. The impact of the war in Ukraine and high…

The Tokyo summit that brought together South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida on 23 March 2023 successfully cleared away much of the accumulated debris of the last five years of dysfunctionality. The two-day official visit — the first by a South Korean president in a dozen years — checked off…

I’m currently completing a book on North Korea watchers - the community of scholars, analysts, government officers, NGO advocates and journalists who, for one reason or another, commit a portion of their lives to watching North Korea. After twenty-five years in government, academia and consultancy, with much of my time working on Korean Peninsula affairs,…