1940 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)…
With the Korean Wave crashing all over the world, more and more people are getting swept up in Korean pop culture. Through taekwondo classes, movie screenings and even art exhibitions, the…
On a frozen day in December, 1950, as the Korean War raged below him, Jesse Brown crash landed on a North Korean mountainside. A few minutes later, Tom Hudner followed…
Starting on October 20, 2015, a group of South Koreans will have the chance to cross the DMZ to meet with brothers, sisters, nephews, nieces, and other family members that…
On October 16, 2015, President Park Geun Hye and President Barack Obama will hold a summit meeting, where they are expected to address a range of issues concerning South Korea…
Doctors’ strikes have made headlines and become a domestic political flash point in Korea, but they are only part of a global problem regarding medical training. In 2024, junior doctors and interns went on strike in the United Kingdom and Kenya, while China’s Xinhua News Agency highlighted the need for medical education reform due to…
Two years into his tenure, President Yoon Suk Yeol seems proud of his efforts to realize his foreign policy vision. “The global pivotal state diplomacy that we have put into practice since the launch of this government has become the government's signature policy,” he told chiefs of missions during a banquet, according to the Yonhap…
The outcome of South Korea’s parliamentary elections seems undeniable. The opposition Democratic Party (DP) won a convincing victory and together with its progressive allies will hold a commanding 192-seat majority in the 300 seat National Assembly. Former DP presidential candidate and current party leader Lee Jae-myung is cemented, for now, as the likely presidential standard bearer when…
Innovation has played a vital role in Korea’s rapid economic development. Initially led by the introduction of new technology from abroad, Korea has achieved sustained progress toward the global innovation frontier. Korea’s innovation inputs in terms of human capital and research spending are among the highest in the world. It also has the highest share…