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…

    In the mid-1990s, North Korea experienced a famine that by some estimates wiped out 10 percent of the population. Though many at the time thought the regime would…

      Over the last decade, China has become an increasingly important country for South Korea has it has emerged as Seoul’s largest trading partner and a leading player…

    On April 8, North Korea withdrew all of its workers from the Kaesong Industrial Complex, temporarily placing on hold the last form of cooperation between North and South…

South Korea’s nuclear energy industry has for decades been facilitated through close cooperation with counterparts in the United States under what is known as a “123 Agreement”.  Today South Korea’s…

By Troy Stangarone With the arrest of Lee Jae-yong on charges of bribery, embezzlement, perjury, and the illegal transfer of funds abroad, Samsung faces a period of uncertainty at a critical time for South Korea’s leading chaebol. Last year, Samsung had begun to turn around declining trends in earnings and seemed to turn a corner…

By Juni Kim Monday’s assassination of Kim Jong-un’s eldest half-brother Kim Jong-nam has been widely thought to have been carried out on the North Korean regime’s order, perhaps even coming from Kim Jong-un himself. If this proves to be true, the murder of Kim Jong-nam marks an infamous dip for the regime into fratricide. Kim…

By Mark Tokola According to news reports, Kim Jong-un’s brother, Kim Jong-nam, was murdered in Malaysia on February 13.  He reportedly died while being transported from the Kuala Lumpur airport to a hospital, apparently as the result of poisoning, which seems to be the preferred means for modern dictators to dispose of threats (see what…

By Troy Stangarone To test or not to test Trump? For North Korea the question has been more one of when and how to test rather than if to test President Donald Trump. Having largely refrained from taking provocative actions since the U.S. election, apart from Kim Jong-un’s New Year’s Day declaration that North Korea…