1984 Posts located
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…
For many people who visit Korea for the first time, one of the things that stands out the most is the country's clean, reliable, and efficient public transportation. This was…
More than 100 million Americans cast their ballots on November 8, and we have a new president-elect. The Trump victory came as a surprise to most, with polls and pundits…
In this episode, which originally aired in 2011, we hear from author Mike Kim, who speaks with Korean Kontext about his experiences living and working with North Korean refugees on…
Samsung's Galaxy Note 7 woes have hit a crescendo in recent weeks, with the company officially halting production and the Transportation Security Administration (TSA) officially banning the devices from all…
What Happened Following a highly publicized bribery conviction, Samsung Electronics Vice Chairman Lee Jae-yong was released from prison on parole. This ruling follows the acquittal of two executives at SK Chemical and Aekyung Industrial Co despite the sale of harmful products. In addition to these companies playing an essential role in maintaining a trade surplus, many average Koreans are…
What Happened Late last month, the two Koreas restored communications lines 13 months after Pyongyang cut off all communication lines to Seoul. North Korean leader Kim Jong-un’s sister Kim Yo-Jong warned that conducting an annual summertime U.S.-ROK joint military exercise would hamper efforts to rebuild trust between the two Koreas. Despite the warning, South Korea decided to continue the military exercise…
With the help of social media and internationally popular Korean shows, global interest in Korean skincare and makeup products (collectively referred to as K-beauty) has increased exponentially in the past decade. Today, K-beauty products are readily available to American customers at chain stores like CVS and Sephora. This market transition was not coincidental: it was strongly supported…
On July 27, the Korea Central News Agency (KCNA) announced that “the top leaders of the north and the south agreed to make a big stride in recovering the mutual trust and promoting reconciliation by restoring the cutoff inter-Korean communication liaison lines through the recent several exchanges of personal letters.” The hotline was restored at…