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 years, South Korea has been a homogeneous country. But with more foreigners coming to live in Korea, that is starting to change. In fact, the Korea Institute for…

In early July, the United States and South Korea announced that they had come to an agreement to deploy the Terminal High Altitude Area Defense (THAAD) system near the city…

With Election 2016 well underway, KEI's very own Phil Eskeland has been closely following how both the Republican and Democratic parties have been talking about foreign policy and Asia. He…

In the late 1930s, nearly 200,000 ethnic Koreans were forcibly removed from the Soviet Far East, packed into trains and sent to Central Asia. More than 70 years later, their…

By Eunchong Moses Park On April 13, 2016, South Korea will hold elections for the 20th National Assembly. Despite the tension from North Korea’s nuclear test and satellite launch earlier this year, the election has been fought largely on domestic issues rather than foreign policy. With the campaign now underway, the National Election Commission has…

By Jenna Gibson Twenty five years ago today, South Korea established the Korea International Cooperation Agency (KOICA), officially cementing its unprecedented transition from aid recipient to donor. It’s a story that Koreans are rightly very proud of – in the 1960s, still reeling from the Korean War, the country’s per capita income was less than…

By Troy Stangarone As Donald Trump beings to lay out more of his thinking on U.S. foreign policy, one issue that is gaining attention is his suggestion that the United States should remove its nuclear umbrella from South Korea and Japan and that these nations should be allowed to develop their own nuclear deterrent. Implementing…

By Nicholas Hamisevicz  February was another difficult month for inter-Korean relations. After a nuclear weapons test in January, North Korea then conducted a satellite launch that also served as a ballistic missile test. The Park Geun-hye administration in South Korea closed the Kaesong Industrial Complex (KIC) in response, leaving no continuous projects or connections left…