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)…

In this episode of Korean Kontext, guest host Kyle Ferrier, KEI's director of academic affairs and research, sits down with Korea Society President Tom Byrne. Before joining the Korea Society…

Ever since Myanmar's political and economic opening several years ago, countries have been looking to get in on the ground floor to build ties with this emerging economy in Southeast…

Ever since last summer, when South Korea and the United States announced they would be deploying the Terminal High Altitude Area Defense (THAAD) missile defense system to the peninsula, China…

Much has been discussed about the power of outside information to open the eyes of the North Korean people and convince them of the truth about the outside world. Some…

By Matthew Nitkoski According to former National Assembly Speaker Park Kwan-yong, the United States will soon turn away from its North Korea denuclearization strategy and focus on nuclear non-proliferation issues. His comments come at a time when North Korean advancements in warheads and delivery mechanisms are forcing regional states to reassess their capabilities and reconsider…

By Mark Tokola One March 26th newspaper headline read: “South Korea Seeks Membership in Asian Infrastructure Investment Bank.”  Another newspaper’s headline read: “Decision to Join China-Led Bank Tests South Korea’s Ties to U.S.”  The latter probably drew more readers because, face it, stories about multilateral lending institutions rarely stir excitement.  Stories about potential rifts between…

This is the third in a three part series on the U.S.-Korea Free Trade Agreement. The first part can be found here and the second part here. By Daniel P. Malone March 15, 2015 marks the third anniversary of the Korea - U.S. Free Trade Agreement (KORUS). July 1, 2015 will be the fourth anniversary…

This is the second part in a three part series on the U.S.-Korea Free Trade Agreement. The first part can be found here and the third part here. By Peter Allgeier Free trade agreements such as the KORUS FTA certainly aim to expand bilateral trade flows, and that usually is where the public and politicians…