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 worldwide familiarity of Korean pop culture increasing through the viral exposure of Korean musician Psy’s hit record “Gangnam Style”, this episode Korean Kontext speaks to Mark James Russell, author…

In this episode we spoke to B.R. Myers, author of “The Cleanest Race” and regular contributor to the New York Times, Wall Street Journal, and The Atlantic.  Having been raised…

In this interview Korea Kontext speaks with Dr. Jennifer Lind, assistant professor at the Department of Government, Dartmouth College.  Well known for her work on North Korea and N.E. Asia…

In this episode we spoke to comedian and actor Steven Byrne, of the brand new TBS series “Sullivan and Sons”.  Known as one of the hardest working and energetic comics in…

The world is turning its attention to China’s economy and Korea is taking note. The South Korean Ministry of Finance put together an all-government task force to respond to the potential negative effects of the downfall of China’s largest property developer, Evergrande, which recently canceled the restructuring of more than $19 billion of debt affecting…

Words and labels have power. They can frame the way we think, fortify assumptions, and build expectations. They also obfuscate and mislead. In academic, diplomatic and media settings, the routine descriptor to contextualize South Korea’s role in the world is “middle power.” We rarely think deeply about the term and are prone to ignore its…

Investment Announcements July 24, 2023: Samsung SDI announced plans to establish a second EV battery manufacturing “Gigafactory” facility as part of their StarPlus Energy joint venture with Stellantis. September 27, 2023: Samsung SDI announced it will inject $1.98 billion as part of its investment into a battery factory, reportedly near Kokomo, IN where its gigafactory…

Two decades ago, South Korea was rarely called a middle power. Today, it invites ridicule to suggest South Korea is anything but a middle power. Given the concept’s ambiguity and lackluster academic credentials, why did the definition become so widely applied? The immediate answer is obvious. South Korea started to be labeled a middle power…