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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
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…
January 25, 2024
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.…
October 12, 2023
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.…
August 24, 2023
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.…
June 26, 2023
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…
April 19, 2021
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…
April 16, 2021
What Happened During recent talks, the Chinese FM raised the idea of joint dialogue to reach a political resolution between North and South Korea. China also voiced support for South Korea’s goals of peace and denuclearization of the Korean Peninsula. The two foreign ministers discussed holding a future 2+2 meeting with diplomatic and security officials from…
April 14, 2021
What Happened On April 1, Seoul and Tokyo met to discuss historical issues, future bilateral meetings, and improving trilateral relations. The meeting came just after Japan’s Ministry of Education approved 30 high school social studies and history textbooks that showed the Dokdo islets as part of Japanese territory. Although South Korea called for the books to be corrected and for the…