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…

  With the recent retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its space program. According to Daniel Pinkston of the…

      Since the famine of the 1990s, North Korea has continued to face periods of chronic food shortages. However, the humanitarian needs of the people in North Korea…

    North Korea has engaged in various forms of economic reforms and marketization attempts such as establishing Special Economic Zones and obtaining Foreign Direct Investment. Yet, many of North…

    In this episode, we talk with Dr. Yiagadeesen Samy of Carleton University on income inequality in South Korea and its affect on Korea’s economy. Dr. Samy is an economist…

This is the first part in a three part series on the U.S.-Korea Free Trade Agreement. The second part of the series can be found here and the third part here. By Taeho Bark The United States (U.S.) used to be always the largest export market for the Korean products during 1970s and 1980s. The…

By Mark Tokola Reasonable people, especially people new to looking at policy on the Korean Peninsula, might wonder if the North Koreans may have a valid point when they complain that U.S.-ROK joint military exercises are unnecessarily provocative.  If the goal is to engage in constructive diplomacy, wouldn't it be a good first step for…

By Nicholas Hamisevicz With Koreans returning from the Lunar New Year holidays, another opportunity to return to a better state of inter-Korean affairs passed as well. This time last year, the two Koreas had just concluded a rare family visit that included around 100 elderly South Koreans. This year, no such luck would be forthcoming.…

By Troy Stangarone Three months after announcing that they had reached a preliminary agreement, South Korea and China formally announced the conclusion of their free trade agreement (FTA) talks. The additional time allowed the two governments to finalize additional details to strengthen the agreement such as a standstill provision to preclude either country from increasing…