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…

When Kim Jong-il died in 2011, the world held its breath as North Korea entered uncharted waters. No other communist dictatorship in the last century – for that matter no…

On June 25, 1950, North Korea launched a surprise invasion of South Korea and started a war that is still technically ongoing. But it was – as North Korea’s Kim…

The North Korean economy is changing – we know this because of widely reported growth of private markets since the famine of 1990s. But black markets and illicit activities are…

In May, The Korean-born Los Angeles Dodgers’ pitcher Ryu Hyun-jin was named The National League Pitcher of the Month. When you think of Asians and baseball, you might think first…

Lawmakers from South Korea’s two major political parties have a notoriously difficult time agreeing on much of anything. However, one issue that enjoys bipartisan support is reforming the country’s espionage law, a proposal now under consideration in the National Assembly. The focus is on updating Article 98 of the Criminal Act as the legislation, in…

The visit by Japanese Prime Minister Kishida Fumio to South Korea earlier this month created a few ripples. No major announcements were made, and the two leaders pledged to continue efforts to bolster ties. In South Korea, the opposition Democratic Party issued a somewhat ritual denunciation of the Yoon Suk-yeol government for “undermining national interest…

Former President Donald Trump’s campaign position to implement tariffs of up to 10 percent—or even 20 percent as his pronouncements have suggested—has grabbed the attention of the international business community. It was also featured prominently in the first and possibly only debate between Trump and Vice President Kamala Harris. Already, analysts are concerned about the…

Several important economic figures released by the South Korean government last week suggest that the overall economy is in good shape. One perplexing trend, however, is the less sanguine numbers reported on the general perception and sentiment about the country’s macroeconomic performance. This seeming discrepancy is worth examination because “feelings” about the economy can affect…