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 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…

This is the second in a two part series looking at the entry of South and North Korea into the United Nations. The first part can be found here.  Since their admission to the UN, the two Koreas have played quite different roles in the organization.  In the thirty years since it became a UN…

This week, the winner of the Liberal Democratic Party leadership election will take the premiership, because the party controls the National Diet. But no matter who wins the election, experts say the deep freeze in Korea-Japan relations are unlikely to change. Based on statements made by the candidates, it seems that there is a dearth…

This is the first in a two part series looking at the entry of South and North Korea into the United Nations. The second part can be found here. September 17 marked the 30th anniversary of the entry of North Korea and South Korea into full membership in the United Nations.  In recommending admission of…

What Happened In early September 2021, a human rights group brought public attention to the suicide of a verbal and physical bullying victim in the South Korean navy. This comes on the heels of several recent highly-publicized suicides and abuse incidents within the Korean military. In response to years of public pressure, the government has steadily advanced changes, including civilian court trials for military personnel…