Displaying all content tagged with the region Asia.
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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
Spanning nearly a century and multiple generations, Min Jin Lee's 2017 novel Pachinko tells the story of a Korean family struggling to find their place in Japan before, during, and after…
January 22, 2018
A woman in hanbok joyfully rises above Mt. Baekdu, arms raised, in a art piece entitled Umma Rises: Towards Global Peace. This is just one of many recent art pieces…
January 11, 2018
A group of women gossiping about the new neighbor. A feisty middle schooler using a homemade drone to prank his classmates. A young military officer seeking information from his past.…
December 11, 2017
With President Donald Trump finishing up his first official trip to Asia, including a stop in South Korea last week, this week's episode of Korean Kontext asks: what do South…
November 13, 2017
By Troy Stangarone Should South Korea develop a nuclear weapon to deter North Korea? Should Japan go nuclear as well? These questions have been asked since North Korea conducted its fourth nuclear test earlier this year and Donald Trump suggested that both countries might need to eventually develop their own nuclear deterrents. While much of…
May 10, 2016
By William Brown September, 1961 was not a happy time in South Korea, at least according to the US Intelligence Community. See how CIA described the dismal situation soon after junta commander Park Chung-hee’s coup d’état, in a declassified National Intelligence Estimate. “The greatest threat to South Korea, at least in the near term, comes…
May 6, 2016
By Mark Tokola The upcoming May 6th Congress of the Worker’s Party of (North) Korea is already a noteworthy event simply because it is happening at all. There has not been a Party Congress since 1980, although in recent decades ‘Party Conferences’ have provided alternative platforms for announcing major decisions, such as the April 2012…
May 3, 2016
By Juni Kim Even a cursory glance at the South Korean education system reveals a fervent interest for English learning in both public and private spheres. According to a 2015 government survey by Statistics Korea and the Korean Ministry of Education, spending on private education totaled 17.8 trillion won (about US $15 billion) last year.…