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…

Zbigniew Brzezinski described South Korea as a geostrategic pivot on the grand chessboard of Eurasia. When President Yoon stated that South Korea could pursue a nuclear weapons program, he started a game of nuclear chess. South Korea’s possession of nuclear weapons on that chessboard is a strategic plan that requires thinking at least three to…

Political Junkies and anxious U.S. citizens watched in awe last week as the United States House of Representatives put on a five-day spectacle of electing the new Speaker of the House.  This surrealistic extravaganza finally concluded with the 15th vote which took place after midnight on January 7th. The election of the Speaker is usually…

Seoul’s Indo-Pacific Strategy has been broadly welcomed by a number of states in the region who view the platform as further aligning with their strategic outlook. It’s in these states’ interests that the Indo-Pacific Strategy is future proof - it won’t be an easy task. On 11 November 2022 in Phnom Penh, President Yoon Seok…

This is the first in a two part series looking at youth employment in Korea. The employment rate for Korean youth (aged 15-29) is well below the OECD average (Figure 1), with negative consequences for the young people concerned and the economy. Youth unemployment and inactivity have a long-term scarring effect that reduces employment rates later…