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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 Nicholas Hamisevicz After South Korea’s National Intelligence Service (NIS) told National Assembly members Jang Song Taek had been removed from his positions of power in North Korea, more stories have surfaced that, if true, would mean the NIS is on to something. South Korean media recently reported that Jang Song Taek’s money man had…
By Phil Eskeland Last October, the prestigious Gallup organization released a study1 that reported on the level of employee engagement in the workplace based on surveys performed during 2011 and 2012 in more than 140 countries. The aim of this study was to encourage companies and policymakers to support initiatives to increase the number of…
By Nicholas Hamisevicz Reports indicate South Korea’s National Intelligence Service (NIS) believes that Jang Song Taek, Kim Jong-un’s uncle, has been removed from all of his leadership posts in North Korea. If true, this would possibly be the biggest power move under Kim Jong-un’s new leadership. Jang Song Taek, husband to Kim Jong-il’s sister, Kim…
By Troy Stangarone As political gridlock in mid-October brought the United States to the brink of default for the second time in two years, world leaders and major holders of U.S. debt such as China called on the United States to take responsible actions to protect U.S. debt holders. However, at the same time that…