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
What Happened Last week, the Justice Ministry announced a revision to a law that would allow singles to adopt children. This plan was announced in light of new census data, which shows nearly a third of households in Korea are single-person households. The new adoption bill comes after the Ministry of Gender Equality and Family passed new regulations that allow children…
September 17, 2021
On August 31, 2021, South Korea’s National Assembly approved the amendments to the Telecommunications Business Act (전기통신사업법), which essentially imposes new restrictions and mechanisms of greater regulatory scrutiny over the operators of app markets (e.g., Apple’s ‘AppStore’ or Google’s ‘Play Store’). Hailed as the first successfully implemented measure against the giants operating global app markets,…
September 16, 2021
In the last two posts, we have provided data on the share of military personnel in the Politburo and analyzed in more detail the diversity of military backgrounds, some tied to the weapons program, but others linked more clearly to the military-industrial complex, technology and internal security. Here, we consider several intepretations of these developments,…
September 15, 2021
South Korea’s dominant position in the global market for auto manufacturing and chip fabrication are well known. Less well-known is the country’s increasingly expanding gaming industry. In 2019, South Korea’s gaming industry brought in USD 6.9 billion from abroad - approximately 10 times that of the country’s vaunted pop music industry. Now, Korea’s gaming companies are looking…