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…

With Washington DC stuck in a snowstorm, please enjoy this episode of Korean Kontext originally published in 2012.   B.R. Myers is the author of “The Cleanest Race” and regular…

Every January, KEI publishes its predictions for the 10 issues to watch for on the Korean Peninsula in the coming year. Then, in December, we revisit our predictions to see…

North Korea watchers have been trying for years to understand the inner workings of the reclusive regime. With the country launching its 4th nuclear test this week, recognizing the structure and…

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 this week's Asan Institute for Policy Studies polling President Lee Myung-bak saw his approval rating slowly rise back above 30 percent by the end of the week. In the presidential race Moon Jae-in passed Ahn Cheol-soo as the favored candidate of progressives and pulled within less than 3 percent of Park Geun-hye in the…

By Sarah K. Yun As leaders of the Asia-Pacific nations gathered for the 20th Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting in Vladivostok, Russia on September 8-9, the ongoing effects of the euro crisis and global financial crisis added urgency to their efforts to increase regional economic growth and give APEC a leading role in the…

In this week's South Korea polling data from the Asan Institute for Policy Studies most of the races remained largely unchanged. President Lee Myung-bak's approval rating remained below 30 percent for the entire week and the progressive candidates support remained largely flat. Park Geun-hye did open up a 5 percent lead in the head-to-head match up…

By Nicholas Hamisevicz Last week North Korea and Japan held their first government-to-government talks in four years. These discussions seemed to be a part of a summer of diplomatic outreach by North Korea. The meetings centered on handling the remains of Japanese soldiers that were killed on the Korean peninsula during World War II. Japan…