1933 Posts located
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)…
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 episode of Korean Kontext, guest host Kyle Ferrier, KEI's director of academic affairs and research, sits down with Korea Society President Tom Byrne. Before joining the Korea Society…
It started in 2009 with a few audio lessons. Within just six years, Talk to Me in Korean has grown into a huge hit, with millions of listeners from all…
Since the death of Kim Il-sung in 1994 there have been numerous predictions that the collapse of the North Korean political system would be imminent, yet the Kim dynasty continues…
This is the second in a two part series looking at Korea's Indo-Pacific Strategy and the Indo-Pacific Strategies of other governments. The first part can be found here. In December of last year, President Yoon Suk Yeol released a key foreign policy document. The Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region outlines his…
This is the second in a two-part series looking at youth employment in Korea. Part 1 can be found here. Korea’s low youth employment rate reflects the mismatch between the education system and the labor market. The mismatch is driven in part by young people’s pursuit of higher education in hopes of obtaining a “Golden…
Zbigniew Brzezinski described South Korea as a geostrategic pivot on the grand chessboard of Eurasia. When President Yoon stated that South Korea could pursue a nuclear weapons program, he started a game of nuclear chess. South Korea’s possession of nuclear weapons on that chessboard is a strategic plan that requires thinking at least three to…
Political Junkies and anxious U.S. citizens watched in awe last week as the United States House of Representatives put on a five-day spectacle of electing the new Speaker of the House. This surrealistic extravaganza finally concluded with the 15th vote which took place after midnight on January 7th. The election of the Speaker is usually…