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 Nicholas Hamisevicz After not being seen in public for over a month, surely Kim Jong-un would be at the 69th anniversary celebrations for the founding of the Workers’ Party of Korea today. But, there was no sighting. The conspicuous absence of Kim Jong-un will continue to fuel speculation about his health, about the current…

By Nicholas Hamisevicz In a surprising move, North and South Korea held a high level meeting shortly before the closing of the Asian Games. While Kim Jong-un’s whereabouts are still unknown, the perceived number two official in North Korea, a closely connected leader with Kim Jong-un, and the person in charge of North Korean relations…

By Nicholas Hamisevicz In September, there were two chances for North and South Korea to have high-level meetings, yet they were unable to take advantage of those opportunities. The Incheon Asian Games and the opening of United Nations General Assembly had the potential for the two Koreas to develop positive momentum in inter-Korean relations with…

By Gi-Wook Shin, David Straub, and Joyce Lee The already serious situation on the Korean Peninsula is worsening. North Korea is on a path to credibly threaten South Korea, Japan, U.S. forces in Northeast Asia, and eventually the United States with a nuclear attack. At the same time, Inter-Korean relations have become dangerously unstable, with…