Displaying all content tagged with the region Asia.
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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…
May 25, 2011
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,…
May 25, 2011
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…
May 25, 2011
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…
May 25, 2011
In March, a curious protest took place in Seoul. Private kindergartens were going on strike. Protests by industry groups or workers are not uncommon in South Korea, but something about…
May 31, 2019
North Korea’s ambassador to the United Nations Kim Song demanded that the United States release a North Korean vessel that is currently held by authorities in American Samoa, warning that…
May 24, 2019
It’s been nearly one year since the Singapore Summit between President Trump and Kim Jong-un and the two countries are at an impasse. North Korea signals no intention of giving…
May 17, 2019
What if our understanding of North Korea is inadvertently colored by the very resources that we rely on to deepen our knowledge of the country? What does this say about our policies…
May 10, 2019
In the summer of 2017 Rex Tillerson, during his tenure as Secretary of State for the first 13 months of the Trump administration, authorized a “Geographical Travel Restriction” prohibiting U.S. citizens from traveling “into, through or in North Korea.” The travel prohibition became effective on September 1, 2017, and it was valid for one year. …
September 1, 2021
What Happened Last year, President Moon Jae-in announced the Youth Hope Package Assistance, an approximately USD 17 billion-budget project to address the youth’s economic challenges. The package includes a recently-announced college tuition assistance plan to support families with multiple children. The new policy comes as a growing number of people struggle with the high cost of housing and childcare in Korea.…
August 31, 2021
As the world becomes more globalized, culture is not only being exchanged, integrated, and fused but also returned in a new form. Korean fried chicken is an example of how an American dish became transformed in Korea and returned to the United States. Fried chicken was introduced to Korea through American troops stationed in the…
August 26, 2021
What Happened In May 2021, South Korea reached almost 16 million 5G subscribers. South Korea’s ICT ministry stated plans to create around 1,800 companies that specialize in new 5G services over the next 5 years to power tech services such as remote-controlled factories, self-driving vehicles, virtual reality, and more. Yet, 5G mobile users have filed lawsuits against mobile carriers arguing…