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 Jaeho Jeon Most Koreans are interested in two things now. Whether the people involved in the ‘Choi Soon-sil scandal,’ including President Park Geun-hye, Choi Soon-sil, and Lee Jae-yong, vice chairman of Samsung Electronics, will be punished and who will be the next president of South Korea. The Constitutional Court is scheduled to make a…

By Troy Stangarone In the most recent trade data released by China, imports of North Korean coal exceeded the volume and dollar caps set under the latest round of UN sanction by 1 million metric tons and by nearly $115 million.  With China having substantially surpassed the caps set for imports of coal from North…

By William Brown Chinese Customs reported yesterday that imports of North Korean anthracite surged in December, despite late November UN Security Council sanctions that are supposed to curtail North Korea’s coal sales, its biggest foreign exchange earner. The new data shows North Korea exported to China 22.5 million tons of anthracite worth $1.2 billion in…

By Junil Kim The official establishment of South Korea’s newest political party, the Bareun (Righteous) Party, brings the number of official negotiation parties in the National Assembly to four. The party, comprised of former Saenuri legislators, broke away from the ruling party in light of the political fallout from President Park Geun-hye’s recent scandal and…