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 all the attention around the upcoming second summit between Donald Trump and Kim Jong-un, we in the United States still know very little about North Korea, its people, and…

As we approach the second US-DPRK Summit, the media in the United States is so focused on the dynamics between President Trump and Kim Jong-un that the interests and motivations…

When people talk about South Korea’s foreign policy, they are more often than not focused on how Seoul engages with its immediate neighbors on denuclearization. However, as a global trading…

Amid the maelstrom of the drama around diplomacy with North Korean, it’s easy to forget that South Korea and the United States are engaged in a fairly serious trade dispute…

By Nicholas Hamisevicz In the last year, South Korea and India have upgraded their relationship to a “strategic partnership.” The increased ties between the two countries were kicked off with South Korean President Lee Myung-bak’s state visit to India in 2010 and followed up by delegations from both countries that built upon economic and cultural…

By Chad 0Carroll After nearly three years of interruption, a flurry of recent diplomatic activity has suggested that significant efforts are being made to restart the Six Party Talks.   In July, officials from Pyongyang and Seoul met in Bali for the first time in months, with a second meeting taking place in Beijing just a…

By Sarah K. Yun During the Joint Session of Congress on October 13, President Lee Myung-bak told the epic tale of Korea’s journey from war to peace, and poverty to prosperity; a tale in which he has very much shared in his own personal life. While thanking Congress for the ratification of the KORUS FTA,…

By Nicholas Hamisevicz Much of the focus this week has been on the enduring U.S.-ROK relationship and how these countries envision a future Asia as South Korean President Lee Myung-bak arrives in Washington for a state visit. However, beyond the U.S.-South Korea alliance, Korea’s emerging relationship with India can also be an important aspect in…