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 Nicholas Hamisevicz In September, there were two chances for North and South Korea to have high-level meetings, yet they were unable to take advantage of those opportunities. The Incheon Asian Games and the opening of United Nations General Assembly had the potential for the two Koreas to develop positive momentum in inter-Korean relations with…

By Gi-Wook Shin, David Straub, and Joyce Lee The already serious situation on the Korean Peninsula is worsening. North Korea is on a path to credibly threaten South Korea, Japan, U.S. forces in Northeast Asia, and eventually the United States with a nuclear attack. At the same time, Inter-Korean relations have become dangerously unstable, with…

By Nicholas Hamisevicz From the Hack North Korea contest to smuggling in USBs and launching balloons over the DMZ, there have been many ways people have tried to get outside information to the North Korean people. Recently, an effective strategy was simply to have a powerful wireless Internet signal that anyone can access. This move,…

By Troy Stangarone On September 23, South Korean President Park Geun-hye and more than 120 world leaders attended the United Nations Climate Summit in New York during the annual opening of the General Assembly. The summit, held as a prelude to the United Nations Climate Change Conference in Paris next year where world leaders hope…