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Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…
During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…
After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…
Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos), commercial paper (CP), and cover…
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…
What Happened The presidential candidate for the People’s Power Party, Yoon Suk-yeol, introduced an AI version of himself to demonstrate his intimacy with technology. In response, Democratic Party’s presidential candidate Lee Jae-myung created a chatbot that answers question about his campaign. Presidential candidate Kim Dong-yeon also introduced an Artificial Intelligence spokesperson to make it easier to engage with voters…
What Happened South Chungcheong Province is working with telecommunications firm KT Corporation to pilot artificial intelligence-based care robots that will aim to prevent suicide among people who live alone and deal with mental health problems. This project was created in response to the province’s suicide rate, which is one of the highest in the country. This event…
“[Kim Jong-un] stressed the need for the fishing industrial sector to conduct a work for catching more fish…” --From the report on the 4th Plenary Meeting of the 8th Central Committee of the WPK This year, the summary of the recently-convened Party Plenum stood in for Kim Jong-un’s new year’s address. The report sought to…
A curious feature of advanced industrial states is anxiety about the future of democracy, not only abroad but at home as well. These worries—encapsulated in the concept of backsliding--have been particularly evident in the United States following the challenges posed by the Trump administration. The bruising fight over Brexit in Britain and the rise of…