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…

What Happened On the week of April 25, North Korean defector group, Fighters for a Free North Korea, launched balloons with anti-DPRK messages into North Korea. These balloons were launched in defiance of South Korea’s anti-leaflet bill, which was finalized by the National Assembly in March in concert with efforts to improve relations with Pyongyang. Seoul’s Metropolitan…

What Happened Incheon, the longtime destination for Seoul’s garbage, is demanding Seoul city Mayor Oh Se-hoon adhere to Incheon’s request that Seoul finds a new landfill for its waste by 2025. With the increase in home deliveries during COVID-19, plastic and recyclables were thrown away at an unprecedented rate in 2020. China’s 2017 ban on trash and recyclable imports has…

What Happened On April 27, senior ROK government officials met to prepare for next month’s Partnering for Green Growth and the Global Goals (P4G) summit. At this preparatory meeting, Foreign Minister Chung Eui-yong reiterated President Moon’s statements on the importance of implementing South Korea’s carbon goals before next month’s summit. Despite Moon’s pledge to reduce emissions during a U.S.-led climate summit…

Korea stands out for its success in handling the COVID-19 pandemic and limiting its economic impact. The 1.0% fall in real GDP in 2020 was the smallest decline among the 38 member countries in the OECD. Nevertheless, employment (including the self-employed) in February 2021 was 1.8% below its year-earlier level. Women accounted for about 60%…