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 Kenneth Lee In recent years, the United States expressed interested in deploying the Theater High Altitude Area Defense missile system or THAAD, onto the Korean peninsula to counter North Korea’s growing missile threats.  Earlier in June, General Curtis Scaparrotti of United States Forces Korea was quoted in Yonhap News saying he personally “recommended the…

By Diane Stevenson In a future with the Asian Super Grid, renewable energies gathered in the steppes of Mongolia would be transported through an integrated, multi-national power grid to reach energy needy cities in China, Russia, on the Korean Peninsula, and Japan. According to the most recent UN Sustainable Development Solutions Network report, South Korea,…

By Joseph Dahl and Diane Stevenson Amid Congressional gridlock, the border crisis and a lawsuit against the President, a rather important and potentially consequential bill passed the House without much attention. H.R. 1771, the North Korea Sanctions Enforcement Act of 2014, would put renewed pressure on the Kim regime if successfully passed by the Senate…

By Nicholas Hamisevicz For the first visit by the leader of the Catholic Church to Korea in 25 years, there were numerous expectations for a variety of issues. Pope Francis’ popularity and different leadership style brought about the possibility that concerns regarding the difficulties of inter-Korean relations, a Korean society distraught over a tragedy and…