Asia

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…

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s real gross domestic product (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…

On January 6 North Korea conducted its fourth nuclear test and its second successful satellite launch on February 7, 2016. The following is a collection of the international response to these two actions. United States January 6, 2016 – South Korea and the U.S. has stepped up joint defense readiness by increasing surveillance activities to…

By Thomas Lee With almost three months remaining before the 7th Korean Worker’s Party Plenum is scheduled to convene in May, South Korean intelligence sources state that North Korea appears to preparing for its fifth nuclear test. Although few if any signs of test preparations have been detected by satellite imagery, the recent experience with…

By Troy Stangarone With the passage of a new round of sanctions against North Korea, there is an expectation that Pyongyang will not go gracefully into negotiations over its weapons programs. While negotiating and passing a new resolution took the Obama Administration more than twice as long as any prior resolution in response to a…

In last night’s CNN-Telemundo Republican debate, the remaining candidates got the chance to comment on the situation on the Korean Peninsula and highlight their policy for the region. Governor John Kasich first raised the issue of North Korea, saying “We said to the South Koreans that we would give them the high altitude defense system.…