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…

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…

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…

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.…

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…

KEI’s Chad 0'Carroll recently interviewed Dr. Andrei Lankov of Kookmin University on the prospects for economic reform in North Korea and reunification. Dr. Lankov is scholar of Asia and a specialist in North Korea. Part 1 of the interview focuses on the likelihood that the new regime in Pyongyang will undertake economic reforms. Part 2,…

By Sarah K. Yun June 17, 2012 marks the six month anniversary of Kim Jong-un’s leadership in North Korea.  Some analysts predicted that the new Kim regime was unlikely to survive the first six months, but it has been surprisingly smooth sailing despite several major challenges.  The past half year can be seen as part…

By Sarah K. Yun Relations between China and North Korea have not always been monolithic.  The relationship has been tested and evolved in recent years with the 2006 missile launch and nuclear test, a 2009 missile launch which was also followed by the second nuclear test, and the recent missile launch in April 2012.  Additionally,…

By Chad 0'Carroll As South Korea evaluates a range of advanced fighter jets in preparation for an October decision on upgrading part of its air force, North Korean air force commanders are likely getting increasingly worried about their capacity to defend the skies of the DPRK. Although Pyongyang has long possessed a much larger air…