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…

Since the inauguration of Yoon Suk Yeol as President of South Korea four months ago, a shift in policy on North Korean human rights has been increasingly obvious.  During the previous five years of the Moon Jae-in presidency, effort and energy was focused on seeking ways to engage with North Korea.  Little progress in North-South…

South Korea’s bid to host the 2030 World Expo in Busan is part of the national agenda. In its efforts to win the expo, Seoul is looking to leverage its strengths, including its business networks and naming BTS as official ambassadors, to make up ground in what may be a long shot bid against the…

At the end of July, the Yoon government announced its intention to relax South Korea’s prohibition on North Korea media. In a statement published on 22 July, the Unification Ministry said it would work to "restore ethnic homogeneity by enhancing mutual understanding and consensus between the two Koreas through phased opening of mass media that…

As young South Koreans navigate an increasingly competitive education system and job market, a growing industry has presented a new opportunity: esports. No longer only viewed as a pastime or casual hobby, video games have opened a field for many to develop their skills and even attain superstar status. Esports is valued globally at $1.38…