Asia

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…

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (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 Sarah K. Yun Soft power is the ability of a country or an actor to obtain what it wants through attraction and charm rather than through hard power and force.  The ultimate goal of fostering soft power is to promote a positive image in order to enhance one’s ability to influence.  Like many nations,…

By Nicholas Hamisevicz In the last year, South Korea and India have upgraded their relationship to a “strategic partnership.” The increased ties between the two countries were kicked off with South Korean President Lee Myung-bak’s state visit to India in 2010 and followed up by delegations from both countries that built upon economic and cultural…

By Chad 0Carroll After nearly three years of interruption, a flurry of recent diplomatic activity has suggested that significant efforts are being made to restart the Six Party Talks.   In July, officials from Pyongyang and Seoul met in Bali for the first time in months, with a second meeting taking place in Beijing just a…

By Sarah K. Yun During the Joint Session of Congress on October 13, President Lee Myung-bak told the epic tale of Korea’s journey from war to peace, and poverty to prosperity; a tale in which he has very much shared in his own personal life. While thanking Congress for the ratification of the KORUS FTA,…