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 In a speech commemorating Korea’s declaration of independence from Japan in 1919, President Moon indicated his government's desire to improve ties with Japan. The speech reaffirmed Moon’s long-standing push to separate bilateral discussions on the legacy of Japan’s colonial occupation from talks on security and other future-oriented concerns. Moon also stated that improving relations with…

What Happened On March 2, Seoul and Beijing agreed to establish two military hotlines that will connect the South Korean and Chinese navies and air forces in order to prevent military incidents in the region. There are now a total of five military hotlines between South Korea and China; the original three hotlines deal with China’s northern…

What Happened Bullying allegations came out against four professional volleyball players in South Korea, two of whom helped the South Korean women's team qualify for the 2020 Tokyo Olympics. Currently, these players are  suspended from their teams. The Korea Volleyball Association (KVA) has also banned them from the national team until further notice. While this decision…

It is the job of every foreign ministry to advance the interests of its country. But how, precisely? Biden’s first foreign policy speech stressed basic principles, and focused in no small measure on democratic values and restoring American presence on the world stage. This focus mirrored themes Biden raised in his campaign, to be sure.…