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 Troy Stangarone Sleek. Trendy. Cutting edge. Creative. Elegant. And at times bold. All describe fashion in Korea. For Korea, fashion is very much a part of the culture. From a Korean-American colleague of mine who could go toe-to-toe with any of the world’s fashionistas to the trendy and hip fashions of the recent Yeosu…

By Nicholas Hamisevicz North Korea conducted a third nuclear test, and initial reports indicate a potentially larger explosion. North Korea’s media stated the test used a “miniaturized and lighter nuclear device.” If true, and combined with its successful rocket launch in December, these recent actions suggest North Korea’s ability to increase its direct military threat…

By Linda Butcher Known as the “Political Super Bowl,” the 2013 State of the Union Address by President Barack Obama did not disappoint. In the hours leading up to it, people guessed what would be discussed, which SOTU game they would partake in and who would be seated in FLOTUS’s box. But, in just less…

By Chad O’Carroll The DPRK’s nuclear weapons test today appears to act as a bandage for a number of wounds that have somehow yet to kill the Pyongyang regime.  As the last outpost of quasi-Stalinism in the world, North Korea remains in a Cold War mindset when it comes to its increasingly acrimonious relations with…