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
The world is turning its attention to China’s economy and Korea is taking note. The South Korean Ministry of Finance put together an all-government task force to respond to the potential negative effects of the downfall of China’s largest property developer, Evergrande, which recently canceled the restructuring of more than $19 billion of debt affecting…
October 16, 2023
Words and labels have power. They can frame the way we think, fortify assumptions, and build expectations. They also obfuscate and mislead. In academic, diplomatic and media settings, the routine descriptor to contextualize South Korea’s role in the world is “middle power.” We rarely think deeply about the term and are prone to ignore its…
October 13, 2023
Investment Announcements July 24, 2023: Samsung SDI announced plans to establish a second EV battery manufacturing “Gigafactory” facility as part of their StarPlus Energy joint venture with Stellantis. September 27, 2023: Samsung SDI announced it will inject $1.98 billion as part of its investment into a battery factory, reportedly near Kokomo, IN where its gigafactory…
October 13, 2023
Two decades ago, South Korea was rarely called a middle power. Today, it invites ridicule to suggest South Korea is anything but a middle power. Given the concept’s ambiguity and lackluster academic credentials, why did the definition become so widely applied? The immediate answer is obvious. South Korea started to be labeled a middle power…