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…

By Mark Tokola North Korea’s claim to have recently tested a Hydrogen bomb is disputable because the explosion seems to have been no larger than during its 2013 test of a “conventional” nuclear device.  That does not in itself diminish the seriousness of North Korea having conducted a fourth nuclear weapons test.  Foreign policy questions…

By Troy Stangarone In the aftermath of what appears to be a fourth nuclear test by North Korea the question becomes, what comes next? North Korea is claiming to have tested a miniaturized hydrogen bomb, which would demonstrate a new level of technical sophistication on its part. If confirmed, this would only add to the…

By Troy Stangarone As we look back at the events that helped to shape the Korean peninsula in 2015, it is also an opportunity to review the events we highlighted on The Peninsula in our annual 10 Issues to Watch For on The Korean Peninsula in 2015 blog and the key events that we did…

By Nicholas Hamisevicz In November, both Koreas continued to demonstrate a willingness for inter-Korean contact while also maintaining a commitment to improve security. Military actions over the past few months have not scuttled opportunities for dialogue. Inter-Korean talks in November led to scheduling talks set for December 11 at the vice minister level. The two…