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…

For understandable reasons, the international community has been focused on North Korea's nuclear program, concerned that Pyongyang could have a weapon capable of such massive destruction. But should they also…

Last week, we looked at the details of the new US and UN sanctions against North Korea, delving into the new measures to get at Pyongyang's funding. But will they…

On February 18, President Barack Obama signed into law a new round of sanctions designed to further squeeze the North Korean regime. On March 3, the United Nations Security Council…

Human rights in North Korea remains a divisive issue between the international community and North Korea. In 2013, the United Nations Human Rights Council established Commission of Inquiry on Human…

By Nicholas Hamisevicz Similar to previous months, inter-Korean relations remained tense, especially in the West Sea. South Korea claimed North Korea was renting out fishing grounds in the West Sea to Chinese fisherman, who then began to encroach beyond the Northern Limit Line (NLL) into South Korean territorial waters. Moreover, a South Korean military drill…

By Clare Hubbard While atrocious human rights violations continue in North Korea, the South Korean public remains focused on their daily lives. A prolonged separation and ideological division on the Korean peninsula has gradually produced two different peoples and the younger generations of South Koreans are losing more and more interest in their North Korean…

By Kenneth Lee Sixty years ago, virtually no one knew of Korea and the few that did would have described it as a war-ravaged backwater of a country. Now, Korea is slowly becoming recognized as a modern and prosperous country.  Companies like Samsung and Hyundai are now household names in the West; while Korea’s accomplishments…

By Troy Stangarone A little more than a year after North Korea initially withdrew its workers from the Kaesong Industrial Complex, South Korea announced that German manufacturer Groz-Beckert has received approval to open an office in Kaesong to supply industrial needles to textile factories in the complex. This will make Groz-Beckert the second foreign investment…