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.…

By Troy Stangarone What should drive a summit meeting between the leaders of a divided nation such as Korea? The chance to heal an historical divide? The need to ease tensions and open dialogue between the two sides? The ability to move concrete policy goals forward in an effort to build a joint future? These…

By Jenna Gibson What interests you about this job? What are your greatest strengths and weaknesses? What are your measurements? One of these questions would raise red flags if asked by a potential employer here in the United States, but it is still relatively common in Korea. One woman who recently applied for a job…

By Nicholas Hamisevicz Throughout the month of October, the possibility of one event and the expectation of two others were prominent in inter-Korean relations. With North Korea celebrating the anniversary of its Workers Party on October 10, there was also some initial concern that the event would be marked by a missile launch or nuclear…

By Jenna Gibson Halloween as we know it in the United States is still not widely celebrated in South Korea. Trick or treating is limited to kindergarten parties and English hagwons, and you’re unlikely to see many jack-o-lanterns or skeletons decorating peoples’ homes. But in recent years some parts of the holiday have been gaining…