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…

From 1966 to 1981, around 2,000 Peace Corps volunteers lived and worked in South Korea. After returning to the United States, many volunteers wanted a way to share their Korean…

October 2015 will mark 25 years since the official reunification of East and West Germany. Meanwhile, the Korean Peninsula remains divided. South Korean President Park Geun-Hye has referenced Germany many…

The Eugene Bell Foundation has been working in the DPRK for 20 years. Now they focus on multidrug-resistant tuberculosis (MDR-TB), a deadly disease that is incredibly expensive and time-consuming to…

In the recent agreement between Seoul and Pyeongyang to defuse tensions along the DMZ, the two governments included a promise to "vitalize" non-governmental organization (NGO) exchanges in various fields.   …

By Sarah K. Yun Relations between China and North Korea have not always been monolithic.  The relationship has been tested and evolved in recent years with the 2006 missile launch and nuclear test, a 2009 missile launch which was also followed by the second nuclear test, and the recent missile launch in April 2012.  Additionally,…

By Chad 0'Carroll As South Korea evaluates a range of advanced fighter jets in preparation for an October decision on upgrading part of its air force, North Korean air force commanders are likely getting increasingly worried about their capacity to defend the skies of the DPRK. Although Pyongyang has long possessed a much larger air…

By Chad 0'Carroll As the economic crisis continues to lead governments into austerity programs worldwide, South Korea is preparing to sign off on defense contracts totaling over $12 billion this year.  The biggest allocation of the budget is being reserved for the purchases of some $7.2 billion worth of next generation fighter jets, representing the…

Ben Hancock: 김연정과의 인터뷰 1. 김연정 선생님: 대학교 때 우연히 외국인에게 한국어를 가르쳤던 적이 있었는데 그 때 다른 문화와 언어를 사용하는 사람에게 우리 말과 글을 가르치는 것에 재미를 느껴서 막연히 이 일을 직업으로 하면 좋겠다고 생각했습니다. 하지만 제가 일을 시작할 당시에는 한국어를 가르치는 기관이 대학교 어학당을 제외하면 거의 없어서 일을 찾는 것이 생각보다 쉽지 않아서…