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 week, we have a very special guest who flew in from Paris to talk about Korea's economy. Dr. Randall Jones is head of the Japan/Korea Desk at the Organization…

As Seoul has grown, it has become more and more international. The city has been making an effort to attract more foreign visitors, whether as tourists, students or workers. This…

Over the last 50 years, Myanmar has oscillated between periods of friendship with South Korea and partnership with North Korea. As Myanmar opens to the international community, however, investment and…

Anyone who has spent time in Korea knows the term Yellow Dust. Sand from Mongolia sweeps across China, picking up pollutants and carrying them across borders. Every spring, Koreans bring…

By Troy Stangarone As the only Northeast Asian nation not involved in the nuclear talks with North Korea, Mongolia is often left out of discussions about resolving the region’s most intractable security issue – the North Korean nuclear crisis. However, when Mongolian President Tsakhiagiin Elbegdorj becomes the first head of state to meet with Kim…

By Troy Stangarone At a recent international conference in Seoul, South Korean President Park Geun-hye called for a “Eurasia Initiative” to link Europe and Asia via trade, transit, and energy.  However, achieving President Park’s vision will require developing a means of integrating North Korea into the broader Eurasian framework and mitigating the risk of Pyongyang…

By Troy Stangarone Every three years, the World Energy Congress brings together business and government leaders in the energy sector to discuss the challenges an economically vibrant and growing global economy faces as it works to meet increasing energy demands. This year’s conference in Daegu recently wrapped up and focused on the theme of “Securing…

By Linda Butcher Named as the most wired place on earth, it is no surprise that South Korea has faced many cybersecurity challenges with 2013 being one of its worst years. Unfortunately, at this time all that South Korea can do when dealing with cyberwarfare is play defense. Earlier this year, numerous South Korean websites…