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 delve into how Japan views the security threat from China, and how these perceptions shape Japanese policy. For this, we turn to security expert Dr. Narushige Michishita.…

Last week, North Korea launched its Seventh Worker's Party Congress, a major meeting of regime leaders that has not been convened in 36 years. Although analysts had high expectations for…

In this episode, we take a step back from the Korean Peninsula and take a look at Northeast Asia from the perspective of one of its neighbors – Russia. In…

On May 1, South Korean President Park Geun-hye will travel to Tehran, Iran for a summit meeting with her counterpart, President Hassan Rouhani. This visit will be the first time a…

By Troy Stangarone Full first quarter data on trade between North Korea and China is not yet available, but data released by China’s General Administration of Customs raises interesting questions in regards to ongoing trade between China and North Korea. According to reports, total trade with North Korea grew 37.4 percent in the first quarter…

By Juni Kim The fallout from President Park Geun-hye’s impeachment has dramatically altered the state of conservative politics in South Korea. Despite two successive conservative presidencies and holding majority control of the South Korean National Assembly over most of the past decade, conservative politicians are now dealing with two fractured parties and no clear presidential…

By Jennifer Cho Ever since the decision last summer to install the Terminal High Altitude Area Defense (THAAD) missile defense system on the Korean peninsula, China has strongly opposed the system for security and political reasons. But instead of keeping the dispute in the political sphere, China has started to show its ire by imposing…

By Rose Kwak It is hard to picture what North Koreans do for fun in a country notoriously known for human rights violations against its people, where seventy percent of the population is food insecure and its people are constantly indoctrinated by the state.  However, despite many bleak and dark images surrounding North Korea, many…