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…

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…

One year ago, President Moon Jae-in launched the Korean New Deal, which aims to “set the foundation for Korea’s next 100 years.” The New Deal is a national development strategy with three main objectives. First, create jobs, both government-supported positions for low-skilled workers and jobs that support the transition towards a digital and green economy.…

Does society affect the quality of the movies its directors make? Do democracies in fact make better art? Perhaps South Korea can provide an outlook on this question. 1960 is a special year in the country’s political history - a popular protest ousted President Syngman Rhee from office in April after he attempted to hold…

What Happened In 2019, Korean Internet Service Provider (ISP) SK Broadband claimed that heavy data usage by the U.S. streaming service Netflix posed a major financial burden and sought government arbitration. Local online platforms have also complained of reverse discrimination as domestic platforms pay substantially more in network usage fees than foreign ones. In response to a new law…

What Happened As vaccines begin wider distribution in Korea, the digitally literate youth are at a significant advantage in finding appointments over the elderly who are at a greater risk of infection. Police reported that social media users admitted to using tools like automated keystroke sequences to increase their chances of finding vaccine appointments. Vaccine scarcity and the zeal of…