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 this episode, Korea Economic Institute’s Director of Communications Chad 0Carroll speaks with Scott Snyder of the Council on Foreign Relations. Having written a number of publications on U.S. relations…

In this episode, Korea Economic Institute’s Director of Public Affairs and Regional Issues Sarah Yun speaks with Dr. Andrei Lankov of Kookimin University. Having written a number of books on…

In this episode, new Korean Kontext presenter speaks with Curtis Melvin, the man behind the NK Econ Watch blog and developer of “North Korea Uncovered”, a Google Map overlay that…

In this episode, we speak with Kevin O’Donnell, who, after decades on a private sector career path, became the first-ever Peace Corps country director for South Korea, followed by a…

In a response to a question from KCNA, the state-run North Korean news agency, the North Korean Foreign Ministry spokesperson said “The root cause of the Ukraine crisis totally lies in the hegemonic policy of the U.S. and the West which indulge themselves in high-handedness and arbitrariness towards other countries.” The response of the spokesperson…

Working mothers in South Korea are in a battle to balance family and professional life. One of the largest barriers to achieving this balance is inflexibility in the workplace with newborn infants coupled with inconsistencies in childcare. One mother, National Assemblywoman Yong Hye-in, is challenging these inconsistencies to strike a balance. National Assemblywoman Yong, a…

It will take time for the ramifications of Russia’s invasion of Ukraine to become apparent, but we can see already that military force has, at least for the moment, swept aside international norms and diplomacy. The implications are not just European but global. Who now is going to convince Kim Jong-un that the world is…

Despite being thousands of miles apart, the Korean Peninsula and Ukraine share a land border with Russia. Given their respective ties to Moscow, both South and North Korean governments have toed around the sidelines of the Ukraine crisis—with Seoul publicly supporting a diplomatic solution while quietly considering additional humanitarian aid to Kyiv, and Pyongyang issuing…