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.…

In his first remarks to the western press ahead of his second meeting with then President Donald Trump, Chairman Kim Jong-un said: “I won’t make predictions. But I instinctively feel that a good outcome will be produced.” He has not interacted with foreign journalists since then, but that long silence may soon come to an…

What Happened On March 23, the South Korean Defense Minister met with his UAE counterpart to discuss bilateral defense relations. South Korea’s Akh special forces unit first deployed to the UAE in 2011. In November of 2020, the National Assembly approved extending the Akh unit's deployment until the end of 2021. Implications: South Korea is willing to leverage military deployment to…

What Happened Criticizing the U.S.-ROK joint military exercises, Kim Jong-un’s sister threatened to withdraw from a 2018 agreement to reduce the military presence along the DMZ. The ROK Ministry of Unification noted that military drills should not be used to heighten tensions. The comments came just as the U.S. Secretaries of State and Defense arrived in…

‘It is prohibited to attack, destroy, remove, or render useless objects indispensable to the survival of the civilian population, such as foodstuffs, agricultural areas for the production of foodstuffs, crops, livestock, drinking water installations and supplies and irrigation works, for the specific purpose of denying them for their sustenance value to the civilian population or…