Asia

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…

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (GDP)…

This interview originally aired in 2014.  With the retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its…

In this episode, we spoke with Kevin O'Donnell, who, after decades on a private sector career path, became the first-ever Peace Corps country director for South Korea, followed by a…

As North Korea's largest trading partner and political ally, China is a crucial factor in any potential solution to curb North Korea's weapons programs. President Trump expressed hope earlier this year…

In December 1950, while fighting the advancing Chinese army and bitter Korean winter, Colonel Edward Forney and other American and Korean officers managed to evacuate all troops as well as…

By Lilka Marino Recent tensions along the Demilitarized Zone have been notable for one reason: North Korea launched rockets at loudspeakers that broadcasted an array of propaganda from regional and international news, weather reports, and economic updates from both sides of the border. Curiously enough, the program also included certain K-pop songs chosen for their…

By Lilka Marino On the evening of 23 September, 1.6 billion Muslims all across the globe will begin their yearly observance of Eid al-Adha, or the Feast of the Sacrifice. During this time, Muslims from North Africa to East Asia honor both the sacrifices made by Abraham and the end of the traditional season of…

By Troy Stangarone South Korea saw the largest drop in exports since the global recession in 2009 in August with exports falling 14.7 percent year-on-year. One sited cause of the decline is slowing economic growth in China, which now accounts for about 25 percent of South Korea’s exports. With China now South Korea’s most significant…

By Nicholas Hamisevicz This week KEI is hosting an event examining India and Korea as increasingly important countries in a rising Asia. Even though much attention has been placed on China this month as some world leaders recently visited Beijing for its military parade celebrating the end of World War II and with Xi Jinping’s upcoming…