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)…

2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…

Interest in the Korean peninsula is generally very narrow in the United States – it tends to be focused on North Korea and security issues, particularly the country's ballistic and…

Last Friday, on November 30, 2018, President George H.W. Bush passed away. In the days that followed, there were many discussions in the foreign policy community about the late president's…

What does a unified Korea look like? Beyond the question of whether the government of this new country will be a unitary or federal one, how will the people –…

By Chad O'Carroll In 2012 South Korea will hold elections for both the National Assembly and the presidency, the first time that both votes will be in held during the same year in several decades. With South Korean president’s being limited to a maximum term of five years, Lee Myung-bak will be ending his term in…

By Dr. Richard Weitz During his campaign for the Russian presidency, Vladimir Putin wrote several lengthy articles detailing his views and policy recommendations. In his foreign policy treatise, Putin devoted a surprising amount of attention to North Korea. Putin writes that, “We have consistently advocated the denuclearization of the Korean Peninsula - exclusively through political…

By Sarah K. Yun Traditionally, Korea’s major diplomatic and trade partners consisted of the United States, Japan, China, Europe, and Russia. Under President Lee Myung-bak’s “New Asia Initiative,” Korea has boosted its engagements in the Asia-Pacific, especially smaller neighbors in the region. The rationale is that Korea can serve as an excellent and non-threatening model…

By Chad 0Carroll With North Korea making a number of concessions related to its nuclear and long-range missile programs last week in Beijing, it now looks like a road-map back to the Six Party Talks is emerging.  For its part, the U.S. reaffirmed important positions regarding its intent and commitment to previous agreements with Pyongyang. …