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…

Not everyone in Korea or foreigners abroad want to hear about national advertising initiatives that focus on mainstream issues like K-Pop, Hallyu or ancient Korean Kimchi culture. Instead, many want…

On January 11, 2013, the Korea Economic Institute of America recently led Washington DC’s celebration of Korean American Day by hosting a luncheon event to honor two Korean Americans for…

With North Korea announcing to the world that it will be attempting to launch a second satellite for 2012, many analysts have been speculating as to why Pyongyang is so…

In this episode we spoke to The Economist’s South Korea correspondent, Daniel Tudor. Having been based in Korea for over a decade, Tudor has just finished writing one of the…

In May of this year, the United States introduced a draft UN Security Council Resolution (S/2022/431) that would have responded to a North Korean ICBM test on March 24. By chance, the formal Chinese and Russian rejection of the proposal—which included additional sanctions on Pyongyang--came in the wake of a landmark decision taken by the…

After several years of frozen diplomacy, the current Korean government's drive to reset relations with Japan seems to be on an upswing. Even before taking office, President Yoon Suk-Yeol dispatched a delegation of aides to meet with Japanese officials in Tōkyō. He followed that with attendance at a trilateral meeting with Prime Minister Kishida Fumio…

At the conclusion of the 50th session of the United Nations Human Rights Council in Geneva, the President of the Council named eight individuals to human rights related positions, including Elizabeth Salmón as the “Special Rapporteur on the situation of human rights in the People’s Democratic Republic of Korea.”  Salmón is a professor of international…

Newly inaugurated president Yoon Suk Yeol made his international debut at the NATO summit held in Madrid, Spain. South Korea and three other Indo-Pacific states were invited to summit ahead of publication of the alliance's new "strategic concept," that mentions China for the first time. Experts say South Korea can expand its longstanding relations with…