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…

From nuclear power in the United Arab Emirates to new free trade agreement negotiations opening with Israel, to South Korean President Park Geun Hye's visit to Iran, 2016 seems to be…

With no shortage of North Korean news in 2016, we look back at one of our interviews with Ambassador John Everard of the UK. He provides an inside perspective of…

After North Korea launched its fourth nuclear test in January 2016, an outraged international community once again cracked down, passing tough sanctions both at the UN and domestic levels. While…

In May 2016, Park Geun Hye became the first South Korean president to visit the African Union headquarters in Ethiopia. This trip, which also included stops in Uganda and Kenya,…

By David S. Maxwell As we celebrate the 60th Anniversary of the 1953 ROK/U.S. Mutual Defense Treaty we should keep in mind that celebrate is the right word for Koreans and Americans to attach to this milestone.  We can proudly look back on its success. In so doing we should realize that it remains relevant…

By Nicholas Hamisevicz In their first two years, Kim Jong-un and the collective leadership in North Korea have found various ways to kill the momentum of positive interaction with North Korea’s neighbors. While Pyongyang has given with one hand with the recent return of its workers to the Kaesong Industrial Complex (KIC), it has taken…

By Jongsung Kim, Ph.D. Earlier this month, the Strategy and Finance Committee in the Republic of Korea’s National Assembly held a hearing on the household debt policies (가계부채 정책  청문회) in Korea. The rising household debt in Korea is a critical issue, and a clear symbol of its importance was the high level of government…

By Jinho Park An intense political debate is currently taking place in South Korea on reforming the National Intelligence Service (NIS). The current controversy over intelligence reform is somewhat unique in that it is not caused by an intelligence failure, but rather by its alleged interference with the 2012 presidential election. Further adding to the…