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…

North Korea is putting on a tough face as the world confronts the COVID-19 pandemic. Authorities in Pyongyang continue to reassure the rest of the world that nothing is wrong…

Looking back on the Korean War, one might assume that the outbreak of a violent conflict that killed millions of people would preclude the possibility of a peaceful resolution of…

It would not be an exaggeration to claim that the Korean War shaped world history. There had been bloodshed elsewhere that bookmarked the start of the bitter conflict between the…

The international force that answered the United Nation’s call to defend the Republic of Korea between 1950 and 1953 did more than engage in combat with North Korean and Chinese…

By Troy Stangarone In the aftermath of the recent tensions on the Korean peninsula some commentators have contended that South Korea is spinning the idea that North Korea apologized for maiming two South Korea soldiers when it didn’t directly claim responsibility for the act but merely expressed regret. An article in The Diplomat on this…

By Mark Tokola No one apart from the representatives of the North Korean and South Korean governments who took part in the marathon talks over the weekend of August 22 can know exactly what took place.  But there is some inevitable spin regarding who came away the “winner.”  North Korea says that it forced South…

By Troy Stangarone With the announcement of a deal shortly after midnight on August 25 the most recent inter-Korean crisis averted a military conflict on the Korean peninsula. Though the two sides reached a peaceful resolution, this is now the second significant inter-Korean crisis since Kim Jong-un came to power after the death of his…

By Jenna Gibson Tensions have been high on the Korean Peninsula over the past few weeks after a mine blast that maimed two South Korean soldiers set off a series of escalations from both sides of the DMZ. One of the moves from Seoul was restarting anti-North Korean broadcasts for the first time in 11…