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…

Korea has long worked to maintain at least cordial relationships that balance its larger neighbors. The global U.S.-China competition is the newest iteration of the challenge, with Seoul’s most important ally on one side and its largest trading partner on the other. Although domestic sentiment is souring on China, experts suggest South Korean government officials…

Nearly a year ago, President Moon Jae-in’s approval ratings were soaring on the strength of the South Korean government’s handling of the COVID-19 crisis, with some polls showing public approval above 70 percent. His party, the liberal Democratic Party, had also won a supermajority in the South Korea’s legislative body in April 2020. At the…

What Happened On April 20th, the National Assembly ratified three of the remaining four International Labor Organization (ILO) conventions that South Korea has not yet implemented. Moves to ratify the conventions were proposed in 2019, but progress was not made, as many conservative politicians and businesses opposed the changes. Despite ratifying these conventions, South Korea has not adopted the provision on…

What Happened On April 19, the South Korean government launched a committee to monitor real estate issues and create new policy suggestions. The creation of the committee follows the ruling party’s defeat in the Seoul and Busan mayoral elections, which many partially attribute to the Moon administration’s inability to control property prices. Rising real estate prices are contributing to increased…