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…

This spring, Han Kang became the first Korean author to win the prestigious Man Booker International Prize for her novel, "The Vegetarian." And, for the first time in the prize's…

North Korea recently experienced one of the worst natural disasters in its history, as flood waters swept through towns in the northeast part of the country. Up to 600,000 people…

Middlebury College, famous for its immersive language programs, added Korean as its 11th language in 2015. Now, after two summers, the School of Korean is helping students from a variety…

With the goal of supporting the next generation of scholars interested in Korea and Northeast Asia, the U.S.-Korea Next Gen Scholars Program brings together young professionals from various backgrounds to…

What Happened Survey from the Organisation for Economic Co-operation and Development (OECD) showed that Korea’s fertility rate was 0.92 in 2019, lowest among member countries. Data from September 2021 revealed that the birth rate dropped 6.7% compared to the same time last year. Although the South Korean government has offered cash incentives for parents, the policy has…

What Happened Newspapers criticized a female police officer who fled the scene of a stabbing. The incident reignited debate over the capability of women to serve in the police force. But the incident also comes amid growing criticism of police competence and growing calls to improve the training of its personnel. Implications: Discussions of broad social issues are increasingly being scrutinized…

Koreans head to the polls in March to elect the next president of the Republic of Korea. Current President Moon Jae-in is not permitted to stand again, and the election to choose his successor will be a close one. Polls conducted in recent weeks give Yoon Seok-youl of the conservative People Power Party a lead,…

What makes a great story? One metric might be the narrator’s ability to convey an impactful social commentary alongside the personal struggles of the protagonists. With this in mind, Korea View offers a movie recommendation for the holiday season. It is on the gory side (viewer discretion advised) but one that you will find reflecting…