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…

Hello again after the holiday break! Just before the holidays I spoke with Hawon Lee, who was just wrapping up his nearly four years as Washington D.C. Bureau Chief of…

In this episode we speak with Mr. Ken E. Gause, currently a senior research analyst with the International Affairs Group and Iranian Studies Program at CNA Strategic Studies in Alexandria,…

In this episode, we are joined by Balbina Hwang, currently a visiting professor at Georgetown University and the National Defense University here in D.C. Ms. Hwang is here to speak…

This episode takes us directly into the office of Ambassador Han Duk-Soo, Ambassador of the Republic of Korea to the United States, who shares his thoughts on the much-anticipated G-20…

By Mark Tokola Since the United Nations’ “Situation of human rights in the Democratic People’s Republic of Korea” (usually shorthanded to “COI” for commission of inquiry report) came out in September 2015, commentators have sometimes hypothesized that one of its positive effects could be that North Korean prison officials might moderate some of their brutality…

By Troy Stangarone With the global economy slowing and Korean merchandise exports and imports down in 2015 we recently looked at how U.S.-Korea trade compared to Korean trade in general and U.S. trade more broadly. However, Korea has one of the world’s most expansive network of free trade agreements. In this post we explore how…

By Kyle Ferrier North Korean provocations are generally accepted to have a minimal impact on South Korea’s economy, yet in early 2016 these geopolitical risks have corresponded with losses in Seoul. South Korea’s stock exchanges, tracked by the KOSPI Index, closed 0.26% lower on January 6, the day of the claimed hydrogen bomb test, but…

By Jenna Gibson Before getting into the list, please keep a few things in mind. First, the term “North Korean defectors” is a controversial one. In Korean, various terms have been used to refer to people who left North Korea, reflecting both politics and the shifting demographics of those fleeing. In 2005, South Korea’s Ministry…