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
March saw President Yoon Suk Yeol make significant efforts to realize his campaign goal of rehabilitating relations with Japan. After a trip to Tōkyō to meet with Prime Minister Kishida Fumio, the president told his Cabinet that the two countries must look towards the future. “Korea-Japan relations can and must be a win-win relationship that…
April 6, 2023
On March 30, the South Korean Ministry of Unification published a 450-page report on human rights abuses in North Korea. The report was drafted in accordance with the provisions of South Korea’s North Korea Human Rights Act of 2016, which specifies that the Ministry of Unification shall produce an annual report on human rights in…
April 3, 2023
The OECD’s March Interim Economic Outlook projects that Korea’s real GDP will increase by 1.6% in 2023, matching the Bank of Korea’s February forecast. The new projection is a slight downward revision from the OECD’s November 2022 outlook in the context of below-trend global economic growth. The impact of the war in Ukraine and high…
March 31, 2023
The Tokyo summit that brought together South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida on 23 March 2023 successfully cleared away much of the accumulated debris of the last five years of dysfunctionality. The two-day official visit — the first by a South Korean president in a dozen years — checked off…