Asia

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…

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (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 Asia much of the pressure and focus from the transition in North Korea after Kim Jong Il’s death is now on China, its neighbor and chief benefactor. As a rising power that provides both economic and national security assistance North Korea needs to survive, China is in a difficult situation with…

By Ken E. Gause Three sets of messages have emerged from the North Korean media in the days since Kim Chong-il’s death on December 17. The first two sets of messages are tied to the leadership configuration that is rising up to take over the reins of power, namely Kim Chong-un supported by a collective…

By Sarah K. Yun North Korea’s 2012 New Year Editorial had a few highlights with ample unsharpened messages. The overall objective was to emphasize strength and unity under the new Kim Jung-un leadership. In doing so, however, the editorial portrayed an undertone of crouching inwards with a few sprinkles of the typical rhetoric of criticism…

By Troy Stangarone While 2011 will ultimately be remembered for the passing of Kim Jong-il, it was also a year of significant change and new milestones for both South Korea and the U.S.-Korea alliance. In many ways, 2011 really began in the waning days of 2010 for South Korea. On November 23 last year, North…