1985 Posts located
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…
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 Nicholas Hamisevicz It is the start of a new year, which means it is time to start parsing through North Korea’s New Year’s message. Like last year, Kim Jong Un delivered the New Year’s message in a speech. These are the first major policy guidelines and ideas announced since the purge of his uncle,…
By Troy Stangarone In a sense, the events of 2013 on the Korean peninsula began in December of 2012. In the days leading up to South Korea’s presidential election, North Korea successfully put its first satellite in orbit, defying UN prohibitions on long-range missile tests. Less than a week later, South Korea would elect Park…
By Nicholas Hamisevicz On December 26, Japan’s Prime Minister Abe Shinzo visited the Yasukuni Shrine, a memorial Shinto shrine that honors Japanese war dead, including fourteen Class-A war criminals. The visit is unlikely to do much harm to Abe domestically, but foreign policy in the region will be a casualty. The visit confirms South Korean and Chinese perceptions…
By Nicholas Hamisevicz It looks like South Korea’s National Intelligence Service (NIS) got it right when they suggested to National Assembly members that Jang Song Taek had been removed from his leadership posts in North Korea. Kim Jong-un made it very clear and very public that Jang Song Taek was out of favor and out…