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…

President Donald Trump is off on his longest international trip yet, stopping in Japan, South Korea, China, Vietnam and the Philippines. There, he is expected to tackle a range of…

As a communist state, North Korea has promised to provide its people with basic services, including healthcare and medical treatment. However, particularly in recent years, the cash-strapped Kim regime has…

With North Korea becoming an increasingly dangerous threat to the U.S. and its allies, it can be all too easy to overlook North Korea’s origins and how its foreign policy…

Many of the news stories about North Korea that make their way into the Western media fall into one of two categories: 1) breaking news about provocations and the nuclear…

The AUKUS trilateral security partnership among Australia, the United Kingdom and the United States has been received with much international attention, as well as concern. Under the pact, Australia has been formally granted capacity as a third country to acquire nuclear-powered submarines—the first of such case since the 1958 Mutual Defense Agreement between the US…

During the COVID-19 pandemic, South Korea’s entertainment industry pioneered a new era of virtual concerts. K-pop bands live-streamed their performances, often adding features like augmented reality to provide audiences at home with new experiences. This also complemented the broader push in the industry to become more technologically savvy, including the adoption of virtual avatar idols and strategic partnerships with…

This is the tenth in a 10 part series looking at how the issues identified in KEI’s annual “10 Issues to Watch for on the Korean Peninsula” series developed in 2021. The original “10 Issues” piece can be found here. In recent years, South Korea has taken steps to reduce greenhouse gas emissions, including a pledge…

This is the ninth in a 10 part series looking at how the issues identified in KEI’s annual “10 Issues to Watch for on the Korean Peninsula” series developed in 2021. The original “10 Issues” piece can be found here. When it comes to digital sex crimes in South Korea, it feels irresponsible to designate…