Asia

The purpose of this research is to identify an exchange rate regime that would be suitable for North Korea to achieve its goal of economic reform. To do so, we…

This paper reviews and evaluates the development of Bank of Korea policy in historical and comparative perspective. The historical perspective focuses on the most recent of the three stages of…

During the past decade there has been growing academic interest in the field of nation branding. It is increasingly common for governments to adopt the techniques of brand management in…

In Northeast Asia and the United States during the later months of 2008 a great deal of attention was paid to the health of Kim Jong-il. Rumors of a stroke,…

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…

By William Brown The short answer is yes, but probably not the way Kim Jong-un was thinking.  An increase in the domestic use of U.S. dollars, brought on by lack of trust in the North Korean won, at last seems to be stabilizing Pyongyang’s monetary system and may be creating an environment conducive to normal…

By Jenna Gibson and Chris Hurst The discovery of a unicorn lair, the execution of Kim Jong Un’s uncle by a pack of rabid dogs, and a decree that all North Korean men must copy Kim Jong Un’s haircut. All of these were stories that were widely covered in mainstream Western news outlets. And all…

By Travis Lindsay U.S.-ROK military exercises have been a key piece of the American presence on the Korean peninsula for more than half a century. Exercise “Chugi” kicked off in the autumn of 1955, and has since evolved into the well-known “Key Resolve”, “Foal Eagle”, and “Ulchi Freedom Guardian” exercises that take place in the…

By Mark Tokola The decision to deploy a Terminal High Altitude Area Defense (THAAD) anti-ballistic missile system in South Korea has been controversial in South Korea, and predictably has been condemned by North Korea, but, judging by headlines and official statements, seems to have upset the Chinese more than anyone else.  China has been vociferous…