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.…

By Jenna Gibson Earlier this month, three U.S. senators took on North Korea (DPRK) by introducing a broad sanctions bill aimed at addressing concerns about cyberwarfare and the North’s continued nuclear ambitions. Known as the North Korean Sanctions and Policy Enhancement Act (S. 2144), this bill would codify the sanctions put in place by presidential…

By Dr. Seung-kyung Kim On October 16, President Park Geun-hye and President Barack Obama will be meeting for the fourth time since they became presidents of their respective countries.  As always, the security issues involving North Korea will be the top item on their agenda.  However, the two countries also have a broad range of mutual…

By Kyle Ferrier In a 2014 speech in Dresden attempting to apply lessons from German unification to the Korean Peninsula South Korean President Park Geun Hye introduced the possibility for a Northeast Asian Development Bank. Still in the nascent stage of planning, it would serve as a multilateral development bank (MDB) to attract investment in…

By Juni Kim When gazing over the nighttime cityscapes of Seoul, one would be hard-pressed to miss the scores of red neon crosses that stretch across the city. Found on the tops of church steeples and multi-purpose buildings, this familiar sight exists in practically every metropolitan area in South Korea. Daytime strolls through the same neighborhoods…