Displaying all content tagged with the region Asia.
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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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
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…
November 5, 2015
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…
October 28, 2015
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…
October 20, 2015
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…
October 15, 2015
By Troy Stangarone North Korea’s cyber attack on Sony Pictures Entertainment and the subsequent threats to target theaters that screened “The Interview” have had a chilling effect beyond Sony’s decision not to release it on Christmas day. The decision to withdraw “The Interview” from release has raised important questions regarding freedom of speech and how…
December 19, 2014
By Nicholas Hamisevicz As October faded away, the hopes for an early November high-level meeting as promised after an inter-Korean meeting during the closing of the Asian Games faded as well when North Korea informed South Korea via fax that it would not meet due to the balloons being sent by South Korean activists into…
December 15, 2014
By Jongsung Kim According to a recent Bank of Korea (BOK) release, Korea’s household debt reached its historically highest level at the end of the third quarter in 2014. The report shows that at the end of September 2014, the household debt registered at 1,060.3 trillion won, a 6.7 percent year-on-year increase (993.6 trillion won)…
December 11, 2014
By Troy Stangarone One of the keys to attracting international investors to the Kaesong Industrial Complex is reducing the political risk of making an investment in the complex and providing a stable business environment. Since the reopening of Kaesong last year, only the German manufacturer, Groz-Beckert, has decided to take that risk. However, a new…