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 Ambassador Kim Young-mok  Jeju Island is one of Korea’s most attractive tourist destinations for Koreans and foreign visitors. Its reputation of unique beauty and majesty has been widely known for a long time. Indeed, Jeju is a special place. Its distinct traditions, diverse flora, magnificent landscapes and what could only be described as playful…

By Sarah K. Yun On Friday, March 16, 2012, North Korea announced that it will launch a long-range rocket in April which will carry a “working” satellite. The Korean Central News Agency, North Korea’s state-run media, stated that the satellite named Kwangmyongsong-3 will “strictly abide by relevant international regulations and usage concerning the launch of…

By Chad O'Carroll In 2012 South Korea will hold elections for both the National Assembly and the presidency, the first time that both votes will be in held during the same year in several decades. With South Korean president’s being limited to a maximum term of five years, Lee Myung-bak will be ending his term in…

By Dr. Richard Weitz During his campaign for the Russian presidency, Vladimir Putin wrote several lengthy articles detailing his views and policy recommendations. In his foreign policy treatise, Putin devoted a surprising amount of attention to North Korea. Putin writes that, “We have consistently advocated the denuclearization of the Korean Peninsula - exclusively through political…