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…

Volcanologist Dr. Kayla Iacovino traveled to North Korea in 2013 as part of a team that was collaborating with North Korean scientists to study Mt. Baekdu, one of Korea's most…

Nicholas Hamisevicz has been KEI's director of research and academic affairs for four years. Now, he is leaving KEI to pursue his Ph.D at Catholic University. But before he goes,…

Within China, the People’s Liberation Army (PLA) is a principle stakeholder in Beijing’s policy decision-making. In recent years, PLA officials have penned some of the more interesting, and forceful, articles…

Over the past few years, North Korea has been holding press conferences starring so-called re-defectors – people who fled to the South and chose to return. Researchers Steven Denney and…

By Caleb Cho According to a South Korean News Agency, Choe Ryong-hae, vice chairman of North Korea’s Worker’s Party Central Committee, was sent to Brazil along with 31 athletes for the Rio Olympic Games.  Given the fact that North Korea has been so isolated from international community for decades and the number of athletes representing…

By Caleb Cho and Hojun Song In London in 2012, the South Korean team walked away with 28 medals, placing them fifth in the medal count. This year, they are expected to rake in a similar number of medals, with the Peterson Institute's Marcus Noland projecting they will capture 30. Below, find our list of…

By Jenna Gibson North Korea may be all but cut off from the international community, but that has not stopped the reclusive regime from entering the public spotlight every two years for the Olympic Games. The DPRK’s first foray into the Olympic field was in the 1964 Winter Games, where they won one medal –…

By Caleb Cho In early June, a North Korean agent was arrested by Chinese authorities in Dandong, China, the largest border city facing North Korea, due to a number of fake 100 U.S. dollar bills exchanged for Chinese currency at two Chinese banks. The total amount of his deposit was reportedly $ 5 million worth,…