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 Troy Stangarone Every three years, the World Energy Congress brings together business and government leaders in the energy sector to discuss the challenges an economically vibrant and growing global economy faces as it works to meet increasing energy demands. This year’s conference in Daegu recently wrapped up and focused on the theme of “Securing…

By Linda Butcher Named as the most wired place on earth, it is no surprise that South Korea has faced many cybersecurity challenges with 2013 being one of its worst years. Unfortunately, at this time all that South Korea can do when dealing with cyberwarfare is play defense. Earlier this year, numerous South Korean websites…

By Andrew Kwon, Jara Jung-min Kim and Gyeong-eun Kim As cyberspace becomes a critical frontier in the international security landscape, it will no doubt emerge as a challenging dynamic for alliances built on pre-existing global paradigms. Perhaps the most sensitive to these changes, U.S. allies must now consider what unknown long-term ramifications cybersecurity will pose…

By Troy Stangarone The 2008 financial crisis began to raise questions about whether the United States was a waning power soon to be eclipsed by a rising China. Despite China’s economy still being less than half the size the United States at the time, its vast population and consistent high levels of growth made China…