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 Troy Stangarone With K-Pop finally making its global breakout with Psy’s international smash hit Gangnam Style, one might have expected there to be a residual effect on how people around the world see South Korea. However, a recent poll by the BBC [1]on global views of 16 countries and the EU found South Korea…

By Troy Stangarone After December’s satellite launch, February’s nuclear test, and months of talk of war, is North Korea finally beginning to turn the corner in the first full scale crisis under Kim Jong-un? As was previously documented on The Peninsula, despite the increasingly provocative rhetoric coming out of Pyongyang in recent months, there was…

By Park Jinho In the aftermath of a successful summit meeting between Korea and the U.S., the Park Geun-hye administration is preparing for a summit meeting with Chinese President Xi Jinping. The key strategic points to consider are how to define Korea’s role and which responsibilities to share with China and the U.S. as well.…

By Troy Stangarone Ever since the United States detonated a nuclear weapon over Japan at the end of World War II, nations have felt the need to pursue a nuclear weapons program. They have sought nuclear weapons as the ultimate means of deterrent, as a means to gain leverage over their adversaries, and as a…