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…

By Travis Lindsay China’s active involvement in the passage of UNSCR 2270 demonstrates a shift in its calculus on the Korean peninsula. The Chinese government had long softened the impact of international censure on the Kim regime, either watering down or outright blocking UN resolutions that looked to castigate or materially damage the government in…

By Phil Eskeland Last week, we looked at the Republican Party platform.  This week, the Democratic Party is meeting to nominate its candidate for president and vice president.  Part of the agenda for the convention includes formal approval of the party platform.  As mentioned in the previous post, candidates are not bound by the platform,…

By Jenna Gibson  Every language has "untranslatable words" - a word that perfectly encapsulates a feeling or situation which lacks an exact equivalent in other languages. German's "schadenfreude" famously describes the feeling of deriving pleasure from another person's pain. Korean has plenty of these words. Some commonly cited examples are 정 (jung), a deep love…

By Juni Kim Notoriously chilly relations between South Korea and Japan received encouraging news this week. In a new joint survey conducted by the South Korea-based East Asia Institute and the Japan-based Genron NPO, fewer South Koreans and Japanese hold negative impressions of each other than in previous years. South Korean unfavorable impressions of Japan…