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.…

What Happened Prosecutor General Yoon Seok-youl stepped down on March 4 to protest the passage of a series of bills that limit prosecutor's investigative power. After opposing the Democratic Party(DP)-backed decision, Yoon's popularity rose in a poll of prospective candidates for the 2022 presidential election, though he has not announced his candidacy. Similarly, polls show Seoul residents favoring the opposing PPP…

What Happened The Moon administration released a statement on March 9 explaining that it may join the U.S.-led Quad+ alliance in the Indo-Pacific in an effort to gain U.S. support on North Korea policy. On March 8, the United States and South Korea reached an agreement for the Special Measures Agreement (SMA) negotiations on cost-sharing for U.S.…

After more than a year since the previous one expired, the U.S. and South Korea finally agreed to terms for a new military burden-sharing deal. The Special Measures Agreement (SMA) had previously been hostage to former U.S. President Donald Trump’s transactional approach to alliances which proved to be a looming threat to U.S.- Korea ties.…

Despite President Joe Biden’s previous description of Russia as an “opponent” and the regime of President Vladimir Putin as “KGB thugs”, it remains possible for Washington and Moscow to cooperate where strategic interests align. This was demonstrated by the extension of the New START Treaty, an agreement that was reached within days of the Biden…