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 Troy Stangarone In the pantheon of executions, one would not expect to see a niche devoted to disagreements over forestry policy, which makes the news that Vice Premier Choe Yong-gon was executed by Kim Jong-un for a disagreement over reforesting North Korea and poor job performance such a perplexing development. Executions of high level…

By Nicholas Hamisevicz When it’s a hot summer day in July, one often has to make the strategic calculation of what particular circumstances would require one to leave the friendly confines of a place with working air conditioning. Similarly, it seemed the two Koreas were only going to deal with each other during July under…

By Jenna Gibson For South Korean children, studying abroad and mastering English used to be the key to success, prompting waves of students to head overseas for their diplomas. Now, South Korea is the third largest source of international students studying in the United States, behind only China and India. But this trend may be…

By Phil Eskeland Commentators on both sides of the political spectrum have used North Korea and Iran interchangeably to buttress their position on the negotiations to corral Iran’s nuclear weapons ambition.  Some argue that the Iran deal will not work just like the 1994 nuclear deal with North Korea.  Others argue that the Iranian deal…