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 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…

The New Southern Policy (NSP) is considered one of President Moon Jae-in’s signature foreign policies, along with the New Northern Policy (NNP). It was implemented in November 2017 shortly following his inauguration to foster stronger diplomatic and economic ties with Southeast Asia and India,[1] and consequently bolster South Korea’s independence in leading its foreign relations.…

In a response to a question from KCNA, the state-run North Korean news agency, the North Korean Foreign Ministry spokesperson said “The root cause of the Ukraine crisis totally lies in the hegemonic policy of the U.S. and the West which indulge themselves in high-handedness and arbitrariness towards other countries.” The response of the spokesperson…

Working mothers in South Korea are in a battle to balance family and professional life. One of the largest barriers to achieving this balance is inflexibility in the workplace with newborn infants coupled with inconsistencies in childcare. One mother, National Assemblywoman Yong Hye-in, is challenging these inconsistencies to strike a balance. National Assemblywoman Yong, a…

It will take time for the ramifications of Russia’s invasion of Ukraine to become apparent, but we can see already that military force has, at least for the moment, swept aside international norms and diplomacy. The implications are not just European but global. Who now is going to convince Kim Jong-un that the world is…