Displaying all content tagged with the region Asia.
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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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
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…
July 5, 2019
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…
June 28, 2019
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…
June 14, 2019
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…
June 7, 2019
KEI Communications Director Jenna Gibson, host of the KEI podcast Korean Kontext, recently interviewed Major General James Walton, Director for Transformation and Restationing for U.S. Forces Korea (USFK), who is in charge of moving around 30,000 troops, staff and families from Yongsan Garrison in Seoul down to Camp Humphreys in Pyeongtaek. The following is a…
January 18, 2017
By Juho Choi Since the end of 2016, the Korean government has faced a variety of problems from a major political scandal to a stagnant economy. Among the issues, one of the most urgent is Avian Influenza (AI). According to the WHO, Avian influenza (“bird flu”) is “an infectious disease of birds caused by type…
January 12, 2017
“Previously, all the people used to sing the song We Are the Happiest in the World, feeling optimistic about the future with confidence in the great Comrades Kim Il Sung and Kim Jong Il. I will work with devotion to ensure that the past era does not remain as a moment in history but is re-presented in the…
January 4, 2017
By Nayoon Lee On November 14th, Han Min-goo, the Minister of National Defense tentatively signed the General Security of Military Information Agreement (GSOMIA) with Japan. Despite the political controversy regarding GSOMIA, which some see as an opportunity to strengthen Korea’s defense and others as drawing too close to an unrepentant Japan, President Park Geun-hye approved…