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…

By Troy Stangarone Voting in the shadow of North Korea’s missile launch and a prospective third nuclear test, South Korean voters went to the polls on April 11 in an election that some 60 percent described as a referendum on the administration of President Lee Myung-bak.  Despite perceptions that there was widespread dissatisfaction in South…

By Nicholas Hamisevicz After holding its Fourth Conference of the Workers’ Party of Korea, North Korea now has an eternal president and an eternal general secretary. Kim Jong-il was named Eternal General Secretary of the Workers’ Party of Korea (WPK), and Kim Jong-un was given the title of First Secretary of the WPK. These initial…

By Duyeon Kim The 2012 Nuclear Security Summit in Seoul, Korea could have been a watershed moment for nuclear security. The 58 heads of state and world leaders were expected to implement nuclear security measures conceptualized by the Obama administration’s first Summit in Washington two years ago, and pivot toward a harmonized and coherent roadmap.…

By Chad 0'Carroll Last week The Daily NK, an online newspaper dedicated to covering North Korea from a human rights perspective, suffered a malware attack.  It was by no means the first malware infection of the site (936 pages infected in the last 90 days alone, according to Google), but comes following a spate of…