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 Nicholas Hamisevicz In a surprising move, North and South Korea held a high level meeting shortly before the closing of the Asian Games. While Kim Jong-un’s whereabouts are still unknown, the perceived number two official in North Korea, a closely connected leader with Kim Jong-un, and the person in charge of North Korean relations…

By Nicholas Hamisevicz In September, there were two chances for North and South Korea to have high-level meetings, yet they were unable to take advantage of those opportunities. The Incheon Asian Games and the opening of United Nations General Assembly had the potential for the two Koreas to develop positive momentum in inter-Korean relations with…

By Gi-Wook Shin, David Straub, and Joyce Lee The already serious situation on the Korean Peninsula is worsening. North Korea is on a path to credibly threaten South Korea, Japan, U.S. forces in Northeast Asia, and eventually the United States with a nuclear attack. At the same time, Inter-Korean relations have become dangerously unstable, with…

By Nicholas Hamisevicz From the Hack North Korea contest to smuggling in USBs and launching balloons over the DMZ, there have been many ways people have tried to get outside information to the North Korean people. Recently, an effective strategy was simply to have a powerful wireless Internet signal that anyone can access. This move,…