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 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…

The United Nations Security Council (UNSC) discussed serious human rights abuses carried out in North Korea on June 12, with South Korea’s Permanent Representative to the UN Ambassador Joon-kook Hwang serving as UNSC president. The roles of North Korea and South Korea at the UNSC meeting highlight the stark differences between the two Korean states…

Another end of June means another G7 summit just wrapped up—this time in Italy’s Apulia province. Both the scope of discussions and the expanded roster of participants suggest a changing role of the grouping, providing a choice opportunity to consider adding other partners to help bring order to an increasingly chaotic global landscape. Although it…

At the end of May, South Korean President Yoon Suk Yeol hosted a high-level summit with representatives from Japan and China. It was the first time Japanese Prime Minister Kishida Fumio traveled to South Korea this year and was also the first visit to South Korea by Chinese Premier Li Qiang since his appointment in…

Russian President Vladimir Putin has a very short list of countries on his list of available international travel destinations these days. He made a wise choice to travel to Pyongyang, where he could be feted as a fellow dictator and share relief from sanctions-imposed isolation. However, Putin’s decision to sign a comprehensive mutual defense pact…