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…

North Korea’s real GDP fell by 4.5% in 2020, according to the estimate announced by the Bank of Korea (BoK) at the end of July (Figure 1). It was the steepest decline since 1997 during the “Arduous March,” when North Korea was hit by famine. The downturn last year was caused in part by measures to contain…

What Happened On September 16, the National Police Agency announced that they are planning to release a new public safety strategy by October 2021. This strategy includes launching a task force to study the use of robots for street patrol. The military has also stated that it wants to incorporate “moving robots” and an artificial intelligence (AI) surveillance system…

History, politics, and geopolitics are ever-present in Northeast Asia - and they are increasingly part of the media landscape. The controversy surrounding the Chinese war movie “The Sacrifice” is only the most recent reminder. Produced to commemorate the anniversary of Beijing’s unofficial entry into the Korean War, the film depicts the last large-scale Chinese offensive…

This is the second in a two part series looking at the entry of South and North Korea into the United Nations. The first part can be found here.  Since their admission to the UN, the two Koreas have played quite different roles in the organization.  In the thirty years since it became a UN…