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…

Strategically located at the crossroads of Central Asia, China, and Russia, Mongolia has long attracted the attention of regional powers – including the Koreas. How is this traditionally-nomadic, but resource-rich,…

Though hesitant to officially join the U.S. Indo-Pacific Strategy, South Korea is seeking to promote many of the same values through the Moon administration’s “New Southern Policy.” Central to this…

The U.S. Peace Corps was active in South Korea between 1961 and 1981. One of the many volunteers who served in South Korea was KEI president and CEO Kathleen Stephens.…

This month, the world was reminded once again that the relationship between the Republic of Korea and Japan is deeply fractious. Japan has imposed restrictions on the export of chemical…

By Caleb Cho According to a South Korean News Agency, Choe Ryong-hae, vice chairman of North Korea’s Worker’s Party Central Committee, was sent to Brazil along with 31 athletes for the Rio Olympic Games.  Given the fact that North Korea has been so isolated from international community for decades and the number of athletes representing…

By Caleb Cho and Hojun Song In London in 2012, the South Korean team walked away with 28 medals, placing them fifth in the medal count. This year, they are expected to rake in a similar number of medals, with the Peterson Institute's Marcus Noland projecting they will capture 30. Below, find our list of…

By Jenna Gibson North Korea may be all but cut off from the international community, but that has not stopped the reclusive regime from entering the public spotlight every two years for the Olympic Games. The DPRK’s first foray into the Olympic field was in the 1964 Winter Games, where they won one medal –…

By Caleb Cho In early June, a North Korean agent was arrested by Chinese authorities in Dandong, China, the largest border city facing North Korea, due to a number of fake 100 U.S. dollar bills exchanged for Chinese currency at two Chinese banks. The total amount of his deposit was reportedly $ 5 million worth,…