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 Nicholas Hamisevicz From the Hack North Korea contest to smuggling in USBs and launching balloons over the DMZ, there have been many ways people have tried to get outside information to the North Korean people. Recently, an effective strategy was simply to have a powerful wireless Internet signal that anyone can access. This move,…

By Troy Stangarone On September 23, South Korean President Park Geun-hye and more than 120 world leaders attended the United Nations Climate Summit in New York during the annual opening of the General Assembly. The summit, held as a prelude to the United Nations Climate Change Conference in Paris next year where world leaders hope…

This is the second in a 2 part series looking at the North Korea Sanctions Enforcement Act of 2014 (H.R. 1771). The first piece is available here. By Stephan Haggard To date, U.S. sanctions on North Korea have had both a strategic and defensive purpose. The strategic aim is to sharpen the choices Pyongyang faces…

By Nicholas Hamisevicz & Phil Eskeland With the expectation of the confirmation of Mark Lippert to be the United States’ next Ambassador to the Republic of Korea (South Korea), he will face a series of challenges and opportunities in his new role. In his prepared testimony and at his nomination hearing, Mr. Lippert rightly discussed…