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…

  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…

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…

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.…

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…

In early February, advancing cooperation in space was one of the topics discussed between Korea and the United States. “We agreed that space is the next frontier in our expanding partnership,” said Foreign Minister Park Jin after meeting with his counterpart on February 3rd in DC. His remarks built on President Yoon Suk Yeol’s vision…

The announcement by South Korean Foreign Minister Park Jin of a plan to resolve the issue of Korean wartime forced laborers on Monday marked a triumph of leadership and strategic decisiveness. But it was a triumph almost entirely due to Korea and the government of President Yoon Suk-yeol, in contrast to the timidity and political…

Spending on long-term care is increasing rapidly in many countries in line with population aging. Long-term care is defined as nursing care and assistance that enables elderly persons to live independently. Elderly care in Korea has traditionally been a family responsibility. A 2006 government survey reported that 67.3% of Koreans believed that caring for older…

This piece is one of 12 contributions to KEI’s special project on South Korea’s nuclear armament debate that will run on The Peninsula blog over the next month. The project’s contributors include young, emerging, and mid-career voices, examining the debate from a historical, a domestic, and an international perspective. On Wednesday, March 15, KEI will host…