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…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

You’ve probably heard the Korean War referred to as an unfinished conflict – but that’s not just a reference to the frozen war on the Peninsula. The sudden outbreak of…

We often talk about whether the sanctions against North Korea are working. And we have spoken occasionally on this very podcast about the ways North Korea also cheats and gets…

By Mark Tokola No one apart from the representatives of the North Korean and South Korean governments who took part in the marathon talks over the weekend of August 22 can know exactly what took place.  But there is some inevitable spin regarding who came away the “winner.”  North Korea says that it forced South…

By Troy Stangarone With the announcement of a deal shortly after midnight on August 25 the most recent inter-Korean crisis averted a military conflict on the Korean peninsula. Though the two sides reached a peaceful resolution, this is now the second significant inter-Korean crisis since Kim Jong-un came to power after the death of his…

By Jenna Gibson Tensions have been high on the Korean Peninsula over the past few weeks after a mine blast that maimed two South Korean soldiers set off a series of escalations from both sides of the DMZ. One of the moves from Seoul was restarting anti-North Korean broadcasts for the first time in 11…

By Lilka Marino The first official meeting between delegations of North and South Korea since division occurred in 1972, where delegations from both sides of the Demilitarized Zone met at Panmunjom to discuss reunification. It was the first time that the North and South met each other face to face in decades. However, the North…