Displaying all content tagged with the region Asia.
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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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
When Marja Vongerichten was 19, she met her birth mother for the first time since being adopted at age three. The first thing they bonded over, Marja says, was…
February 18, 2016
Born in Brooklyn, Chef Edward Lee always loved cooking. And after graduating from college with an English literature degree, he returned to that love and became an award-winning chef. Not…
February 12, 2016
In the decades following the Korean War, North Korea initiated a top-secret project to kidnap ordinary people from Japan, reeducate them, and turn them into international spies for the regime.…
February 7, 2016
Every year on January 13, the Korea Economic Institute of America (KEI) sponsors a luncheon in Washington, DC to mark Korean American Day and recognize the local and national Korean…
January 28, 2016
By Mark Tokola The upcoming May 6th Congress of the Worker’s Party of (North) Korea is already a noteworthy event simply because it is happening at all. There has not been a Party Congress since 1980, although in recent decades ‘Party Conferences’ have provided alternative platforms for announcing major decisions, such as the April 2012…
May 3, 2016
By Juni Kim Even a cursory glance at the South Korean education system reveals a fervent interest for English learning in both public and private spheres. According to a 2015 government survey by Statistics Korea and the Korean Ministry of Education, spending on private education totaled 17.8 trillion won (about US $15 billion) last year.…
May 2, 2016
By Troy Stangarone On May 1, South Korean President Park Geun-hye will travel to Iran for a three-day summit with the newly emerging regional power. Her visit will represent the first summit meeting between Iran and South Korea since the two nations established relations in 1962. However, while relations with Iran hold significant promise with…
April 29, 2016
By Eunjung Lim On April 13, 2016, the legislative election for the 20th National Assembly of South Korea (hereafter Korea) was held. Like many Korean dramas that have earned popularity across different continents, this election was full of dramatic turnovers that made Korea experts on the other side of the world, in Washington, D.C., surprised…