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…

Recently released data from the Department of Commerce confirmed that the United States achieved record-level export of services to South Korea in 2018 – $24.5 billion. Combined with the trade…

We imagine North Korea as a country that is carrying on not only a conflict left over from the Cold War, but also a decrepit legacy economy from the past.…

The second summit between President Donald Trump and North Korean leader Kim Jong-un on February 27 and 28 ended without an agreement. The key difference in the two leaders’ negotiating…

As the complex negotiations between North Korea, the United States, and South Korea continue, it is worthwhile to review what the current U.S. presence on the Korean Peninsula looks like.…

On January 6 North Korea conducted its fourth nuclear test and its second successful satellite launch on February 7, 2016. The following is a collection of the international response to these two actions. United States January 6, 2016 – South Korea and the U.S. has stepped up joint defense readiness by increasing surveillance activities to…

By Thomas Lee With almost three months remaining before the 7th Korean Worker’s Party Plenum is scheduled to convene in May, South Korean intelligence sources state that North Korea appears to preparing for its fifth nuclear test. Although few if any signs of test preparations have been detected by satellite imagery, the recent experience with…

By Troy Stangarone With the passage of a new round of sanctions against North Korea, there is an expectation that Pyongyang will not go gracefully into negotiations over its weapons programs. While negotiating and passing a new resolution took the Obama Administration more than twice as long as any prior resolution in response to a…

In last night’s CNN-Telemundo Republican debate, the remaining candidates got the chance to comment on the situation on the Korean Peninsula and highlight their policy for the region. Governor John Kasich first raised the issue of North Korea, saying “We said to the South Koreans that we would give them the high altitude defense system.…