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…

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…

By Joy Kim South Korea is currently the world’s 15th largest economy. This fact strikes many as amazing given that Korea’s Gross National Product (GNP) per capita increased by more than 243 times over the span of 50 years, from $82 in 1961 to $20,000 in 2006. The baby boom generation who were born in…

By Nicholas Hamisevicz The surprise news to start the week is that Vice Marshall Ri Yong Ho, chief of the general staff of North Korea’s army as well as a member of the Political Bureau and the Central Military Commission, was relieved of all his positions due to “illness.” During the last year of Kim…

By Chad 0'Carroll Chosun Ilbo columnist Kim Dae-joong wrote yesterday that because South Korea is surrounded by three nuclear weapons countries (DPRK, China and Russia), it should consider acquiring nuclear weapons. He argued that new laws passed in Japan meant that Tokyo “wants to develop nuclear weapons”, leaving the ROK as the only country in…

By Elizabeth Hervey Stephen In a recent piece in the Asia Sentinel, which was re-posted in The Irrawaddy, Philip Bowring correctly noted that South Korea is facing a population crisis with sustained low fertility in the range of 1.2 children per woman.  As one solution to the birth dearth, he proposes looking toward reunification with North…