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…

The latest polling data from the Asan Institute for Public Policy includes the Institute's first results since Ahn Cheol-soo officially declared for the presidency. While Park Geun-hye has opened up a 10 point lead against Ahn and Moon Jae-in, she trails Ahn in a head-to-head race and is essentially tied with Moon.  

By Nick Miller The Korean Times reported on September 7th that Kim Jong-il’s sister, Kim Kyong-hui, was in ill health stemming from her past abuse of alcohol. Kim Kyong-hui serves as one of the guardians of Kim Jong-un along with her husband Jang Song-taek. After Kim Jong-il’s suffered a stroke in 2008 he had to…

By Jessica Choi A few days ago, I went to my friend’s favorite local Japanese sushi bar for the first time, and I noticed that there was bulgogi (Korean beef bbq) on the menu.  My interest was piqued, so I decided to try speaking Korean to the waitress.  Lo and behold, it turns out that…

By Jae-kyung Park Early last month, the U.S. Department of State and the Ministry of Foreign Affairs of China exchanged harsh words publically on the issue of South China Sea. On August 3, the U.S. State Department issued a press statement with the heading of ‘South China Sea’. The words therein are carefully and considerately crafted,…