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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 of Korean Kontext, I have the opportunity to speak with Richard V. Allen, who, in the weeks preceding his official instatement as National Security Advisor to President-elect…
In this episode we hear from author Mike Kim, who speaks with Korean Kontext about his experiences living and working with North Korean refugees on the China-North Korea border. Mike…
We bring the Korean Kontext studio to the U.S. Department of State to speak with Kathleen Stephens, current U.S. Ambassador to South Korea. Ambassador Stephens shares with us her personal…
In this episode we speak with Ambassador John Everard, who served as Ambassador of Great Britain to North Korea from 2006-2008. Ambassador Everard experienced firsthand life as one of only…
By Andrew Haggard The casual observer may be perplexed by the recent headlines of supposed North Korean hackers effectively bringing Sony Pictures Entertainment’s computer systems to its knees. How does one reconcile NASA photos and satellite images showing the near-entirety of the northern part of the Korean peninsula in utter darkness with the picture of…
By Mark Tokola One thing everyone knows about North Korea is that it is isolated. Visits to the DPRK are controlled and monitored. Few North Koreans are allowed to travel abroad and then only for specific purposes. Because it is heavily sanctioned by the international community, international trade and investment is minimal. North Koreans are…
By Nicholas Hamisevicz During the last week of December, India’s External Affairs Minister, Sushma Swaraj visited Korea to co-chair with her counterpart, Korean Foreign Minister Yun Byung-se, the 8th India-Korea Joint Commission meeting, while one month prior South Korean President Park Geun-hye was able to meet with Indian Prime Minister Narendra Modi for the first…
By Nicholas Hamisevicz After the New Year’s announcements by Park Geun-hye and Kim Jong-un, there is a lot of anticipation and analysis for the year ahead in inter-Korean relations. However, many of the issues that plagued the two sides in 2014 remain as hurdles for 2015. Looking back could give insights to help improve the…