Asia

Korea’s regulatory environment is often cited as being one of the most difficult aspects of doing business in Korea. Among the various regulations that foreign invested companies and foreign investors…

Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…

During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…

After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…

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…

As Korea and Japan work to resolve their differences, their neighbor China has been watching very carefully. After the summit, the Chinese foreign ministry emphasized the need for stable economic relations for prosperity between Beijing, Seoul and Tōkyō. “China opposes certain countries’ attempts to form exclusionary cliques,” said Ministry of Foreign Affairs spokesman Wang Wenbin…

Last December, South Korea and Vietnam commemorated their 30th diplomatic anniversary by upgrading the bilateral relations from a ‘strategic partnership’ to a ‘comprehensive and strategic partnership (CSP).’ South Korea represents a notable case as the first middle power to establish such relations with Vietnam, following China, Russia, and India. While economic, technological, and security cooperation…

March saw President Yoon Suk Yeol make significant efforts to realize his campaign goal of rehabilitating relations with Japan. After a trip to Tōkyō to meet with Prime Minister Kishida Fumio, the president told his Cabinet that the two countries must look towards the future. “Korea-Japan relations can and must be a win-win relationship that…

On March 30, the South Korean Ministry of Unification published a 450-page report on human rights abuses in North Korea.  The report was drafted in accordance with the provisions of South Korea’s North Korea Human Rights Act of 2016, which specifies that the Ministry of Unification shall produce an annual report on human rights in…