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 we speak with Doug Goudie, Director of International Trade Policy at the National Association of Manufacturers (NAM). Mr. Goudie draws from his experiences to share his perspective…

In this episode we hear from Tami Overby, Vice President for Asia at the U.S. Chamber of Commerce and former President of the American Chamber of Commerce in Korea. Ms.…

Now in its tenth year, KEI’s Opinion Leaders Seminar (OLS) is an annual gathering of some of the world’s foremost policymakers and scholars on the U.S.-South Korean alliance. In this…

An exclusive interview with Dr. Alon Levkowitz, author of the most recent edition of the Korea Economic Institute’s Academic Paper Series. His paper, titled “The Republic of Korea and the…

By Patrick Niceforo Last year, North Korea dominated international headlines with stories about their satellite launch, ballistic missile launches, and two nuclear tests. However, another interesting phenomenon did not receive as much media attention. In 2016, while Thae Yong-ho’s defection from North Korea’s London embassy was widely covered, a total of 1,418  North Korean refugees…

By William Brown Beijing’s Commerce Ministry surprised everyone on Friday, announcing a halt to imports of any coal from North Korea in 2017, a much deeper reduction than was called for by the November 30 UNSC resolution, which allows 7.5 million tons for the year, worth up to $401 million.  Only Beijing knows the reasoning…

By Troy Stangarone With the arrest of Lee Jae-yong on charges of bribery, embezzlement, perjury, and the illegal transfer of funds abroad, Samsung faces a period of uncertainty at a critical time for South Korea’s leading chaebol. Last year, Samsung had begun to turn around declining trends in earnings and seemed to turn a corner…

By Juni Kim Monday’s assassination of Kim Jong-un’s eldest half-brother Kim Jong-nam has been widely thought to have been carried out on the North Korean regime’s order, perhaps even coming from Kim Jong-un himself. If this proves to be true, the murder of Kim Jong-nam marks an infamous dip for the regime into fratricide. Kim…