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…

Korean Kontext recently spoke to Gordon Flake of the Mike and Maureen Mansfield Foundation for a conversation about Korea’s rising prominence as a “middle power”.  Focussing on South Korea’s rapidly…

62 years ago on this day of June 25, hostilities broke out on the Korean peninsula. It was a conflict that ended only due to what everybody thought would be…

Korean Kontext caught up with Man Asian literary prize winner Shin Kyung-sook for a chat about her latest novel, “Please Look After Mom”.  Shin became the first woman and South…

In this special episode, Korean Kontext had the opportunity to speak to South Korean Minister for Trade, Bark Taeho, during his latest visit to Washington DC. KEI’s Vice President, Dr.…

Nearly 70 nations and international organizations issued statements on North Korea’s third nuclear test. The following is a list of current available statements:   Albania-Albanian Ministry of Foreign Affairs Australia - Prime Minister Julia Gillard Austria – Foreign Minister Spindelegger Bahrain – Ministry of Foreign Affairs Belarus – Ministry of Foreign Affairs Belgium – Ministry…

By Chad O’Carroll On Friday the Associated Press Pyongyang bureau reported that North Korean authorities will allow foreign visitors to access the internet using cellular devices from March 01. Predictably, the news was published with the caveat that access conditions will not change for local citizens, who will remain cut off from internet access and…

By Troy Stangarone As Park Geun-hye takes office as South Korea’s first female president, she comes into power at a time of contradictions and challenges. The lives of South Koreans have perhaps never been better. The nation is wealthier than it has ever been. Unemployment is low despite continuing troubles in many of South Korea’s…

By Troy Stangarone With North Korea having successfully conducted a third nuclear test, questions are once again being raised about the Obama administration’s policy of “strategic patience” towards North Korea. However, have critics of strategic patience hit on a fundamental flaw of the policy or are they merely expressing their policy preferences? One of the…