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…

Although it is happening more rapidly in South Korea, an aging society is a common feature in post-industrial societies around the world. With the number of retirees growing and the…

In March, Seoul suffered from the worst air pollution on record. Enough that the South Korean government has officially designated the problem as a "social disaster." But what is causing…

Over the past few years, Korea and Koreans have experienced incredible political, social, and diplomatic shifts. It is hard keeping up with all these new developments as a Korea Watcher,…

Even before the meeting between President Trump and Kim Jong-un in Hanoi, foreign policy practitioners and observers were talking about the difficulties of sequencing international sanctions relief for North Korea…

By Jenna Gibson According to at least one poll, South Korea has a higher opinion of the United States than the United States has of itself. In its 2015 Global Indicators survey, Pew Research Center found that 84 percent of South Koreans view the U.S. favorably, while only 83 percent of Americans said the same.[1]…

By Phil Eskeland Recently, there has been some discussion among certain opinion makers in the United States claiming that the U.S. bears all the burden in defending allies against potential North Korean aggression.  Currently, the U.S. has approximately 28,500 troops stationed on the Korean peninsula.  Many other U.S. forces in the Asia-Pacific region participate in…

With the 70th anniversary of the end of World War II over the weekend, KEI takes a look back at what has changed on the Korean Peninsula from the 1945 to today. The three boxes compare a unified peninsula before the Korean War to North and South Korea in the 2010s. By looking at GDP,…

By Troy Stangarone In the pantheon of executions, one would not expect to see a niche devoted to disagreements over forestry policy, which makes the news that Vice Premier Choe Yong-gon was executed by Kim Jong-un for a disagreement over reforesting North Korea and poor job performance such a perplexing development. Executions of high level…