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…

By Chad 0'Carroll Chosun Ilbo columnist Kim Dae-joong wrote yesterday that because South Korea is surrounded by three nuclear weapons countries (DPRK, China and Russia), it should consider acquiring nuclear weapons. He argued that new laws passed in Japan meant that Tokyo “wants to develop nuclear weapons”, leaving the ROK as the only country in…

By Elizabeth Hervey Stephen In a recent piece in the Asia Sentinel, which was re-posted in The Irrawaddy, Philip Bowring correctly noted that South Korea is facing a population crisis with sustained low fertility in the range of 1.2 children per woman.  As one solution to the birth dearth, he proposes looking toward reunification with North…

By Nicholas Hamisevicz The past few weeks have not been a good for India’s relations with the Korean peninsula as it recently went through a minor diplomatic rough patch with both North and South Korea. Though relatively undamaging, these situations indicated some of the difficulties in dealing with India. For South Korea, its embassy in…

By Chad 0'Carroll Last week we published the first part of an extensive interview by KEI’s Chad 0'Carroll with Dr. Andrei Lankov of Kookmin University on the prospects for economic reform in North Korea. In the second part of the interview Chad discusses with Dr. Lankov what the U.S. can do to encourage reform in…