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…

Now that Trump has met Kim, and with the Singapore Summit laying out the beginning of a path to denuclearization, analysts are still trying to figure out if Kim Jong…

South Korea's government has increased its focus on different forms of diplomacy in recent years, from the more traditional government-to-government outreach of the Moon Administration's North Korea policy to a…

With the world's attention on Singapore on June 12, U.S. President Donald Trump and North Korean Leader Kim Jong Un walked across a stage flanked by American and North Korean…

With U.S. President Donald Trump and North Korean Leader Kim Jong Un headed to Singapore next week for the first ever U.S.-DPRK summit, people around the world are watching to…

Economic data for South Korea from recent months, analyzed by the Korea Economic Institute of America (KEI), offers an early indicator of how U.S.-imposed tariffs from April 2 might impact Korea’s economy and U.S.-Korea trade. Section 232 tariffs on steel and aluminum imports went into effect in February, followed by tariffs on autos on April…

South Korea has faced political paralysis since President Yoon Suk Yeol’s December 3, 2024, declaration of martial law, the rapid reversal of that decision by the National Assembly, and the ensuing crisis. The Constitutional Court will decide on April 4, 2025, at 11:00 a.m. KST whether to uphold the Assembly’s decision to impeach President Yoon.…

The digital trade landscape in South Korea offers significant opportunities for U.S. companies, but it also presents a range of challenges. As one of the most technologically advanced countries in the world, South Korea is a lucrative market for digital trade. However, U.S. companies eager to tap into this potential face various challenges, including regulatory…

For decades, U.S. foreign assistance has played a pivotal role in advancing U.S. interests, strengthening alliances, and promoting stability in key regions of the world. Nowhere has this been more evident than in Asia, where U.S. development cooperation with South Korea—itself a model for the benefits of U.S. foreign assistance—has been a vital tool for…