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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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
On this week’s episode, we welcome back Victoria Kim, a researcher and multimedia journalist. When she last joined us in 2016, Victoria discussed her project “Lost and Found in Uzbekistan:…
November 26, 2018
The Trump Administration is once again considering using Section 232 to impose tariffs on imported goods based on a threat to national security. The President originally used this provision to…
August 8, 2018
On August 1, the remains of what are believed to be 55 American servicemen lost during the Korean War finally returned home, arriving in Hawaii to begin the long process…
August 1, 2018
Ghosts and goblins are everywhere in Korean folktales, causing havoc for people through their antics. Equally common are the shamans who act as intermediaries, helping offer solutions to life's supernatural…
July 5, 2018
A popular online joke last week went something like this: “The leaders of South Korea and Moon Jae-in came to New York.” While the band’s global popularity is unmistakable, the fact that members of a Korean pop band were on the floor of the United Nations addressing world leaders remains no less surprising. The band was reprising its…
October 4, 2021
North Korea’s real GDP fell by 4.5% in 2020, according to the estimate announced by the Bank of Korea (BoK) at the end of July (Figure 1). It was the steepest decline since 1997 during the “Arduous March,” when North Korea was hit by famine. The downturn last year was caused in part by measures to contain…
October 1, 2021
What Happened On September 16, the National Police Agency announced that they are planning to release a new public safety strategy by October 2021. This strategy includes launching a task force to study the use of robots for street patrol. The military has also stated that it wants to incorporate “moving robots” and an artificial intelligence (AI) surveillance system…
September 30, 2021
History, politics, and geopolitics are ever-present in Northeast Asia - and they are increasingly part of the media landscape. The controversy surrounding the Chinese war movie “The Sacrifice” is only the most recent reminder. Produced to commemorate the anniversary of Beijing’s unofficial entry into the Korean War, the film depicts the last large-scale Chinese offensive…