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…

In 2010, a group of Asian countries made major strides toward economic integration with the launch of the Chang Mai Initiative Multilateralization. This currency swap arrangement has had a major…

With the recent season finale of The Walking Dead and the broadcast of his visit to South Korea with talk show host Conan O'Brien this past weekend, we look back at our…

This week our guest is noted scholar and North Korea watcher Dr. Stephan Haggard. Dr. Haggard is a Professor of Korea-Pacific Studies and director of the Korea-Pacific Program at the…

At KEI, we mainly focus on the relationship between the United States and South Korea, and their approaches toward North Korea. This week, we're taking a different look at the…

By Jeffrey Robertson When the Lee Myung-Bak administration took office in February 2008, the public’s mood shifted quickly. By the end of June 2008, people were on the streets in protest, including more than 80,000 in a single night’s candlelight vigil; the entire cabinet had offered its resignation; and Lee Myung-Bak’s approval ratings had fallen…

By Troy Stangarone In recent years, South Korea has been in a space race of sorts with North Korea, in which it risked falling behind after the recent successful North Korean launch on December 12. With the successful launching of the Korea Space Launch Vehicle-1 (KSLV-1), South Korea has joined an elite group of thirteen…

By Adam Cathcart, Roger Cavazos, and Nathan Beauchamp-Mustafaga No one knows if Kim Jong-un’s favorite films extend into the acerbic oeuvre of Peter Sellers, but the young North Korean dictator’s behavior indicates that he might indeed be taking one such film as inspiration. At various key moments at the end of 2012 and into the…

By Nicholas Hamisevicz Earlier this week the United Nations Security Council (UNSC) finally responded to North Korea’s December 12th rocket launch with a new resolution. Predictably, North Korea reacted angrily with statements, including one attributed to its National Defense Commission (NDC). The NDC statement specifically targeted the United States as a problem and as a…