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…

Growing up in Tennessee and Alabama, Dr. David Oh never imagined he would one day be leading a mission to explore a metallic asteroid orbiting between Mars and Jupiter. But…

In 2017, U.S. Forces Korea (USFK) will complete the move of nearly all troops and support staff from Yongsan Garrison in Seoul to Camp Humphreys, 50 miles south of the…

For the first Korean Kontext podcast of 2017, five members of the KEI staff sat down with host Jenna Gibson for a chat about the volitility of 2016 and what…

The last several rounds of UN sanctions against the DPRK have been called the "strongest ever," and the new sanctions passed on November 30 are no different. There are some…

Financial issues plagued North Korea in 2024 with Kim Jong Un’s singular success, halting the hyperinflation and currency debasement, suddenly coming unraveled in mid-year. After a decade of price and currency stability, the value of the North Korean won suddenly fell by about two-thirds between July and December. By year’s end, 27,000 won was needed…

Contributors (last name alphabetical): Andy Hong, Jaehyoung Ju, Je Heon (James) Kim, Joo Young Kim, Sheewon Min This timeline highlights major events in the aftermath of South Korean President Yoon Suk Yeol’s declaration of martial law on December 3, 2024 up to President Yoon's impeachment vote. The timeline will periodically update in reverse chronological order with brief descriptions and sources linked to each event. Time stamps…

Introduction China and North Korea have had ties for seventy-five years, forming a bond in Northeast Asia not long after both communist-led states were established in the aftermath of World War II. Although the relationship remains stable to some extent, it has also weathered perennial strains and an enduring mutual distrust. Many analysts say that…

North Korea’s human rights violations have been a priority of UN organizations since 2004, when the UN Human Rights Council first appointed a UN Special Rapporteur to report annually on the issue to the UN Security Council and the UN General Assembly. This focus on North Korea’s human rights violations has been in addition to…