Asia

Well-functioning capital markets should encourage private saving and investment by channeling surplus funds to reach their most productive uses. In the process, well-functioning capital markets create a diverse menu of…

During the 1972 U.S. presidential campaign, “Deep Throat,” later revealed to be Associate Director Mark Felt of the FBI, counseled Washington Post journalists Bob Woodward and Carl Bernstein to “follow…

After the Asian financial crisis of 1997, the Korean government geared up to carry out financial restructuring. As a result, the number of domestic financial institutions stood at almost half…

Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos), commercial paper (CP), and cover…

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 When members of the 19th National Assembly take their seats in Seoul a defector from North Korea will join them for the first time. As a candidate on the New Frontier Party’s proportional representation list, Cho Myung-chul became the first defector to win a seat in the National Assembly. Cho defected to…

By Luke Herman North Korea recently held a series of meetings to formalize leadership positions in the new regime. Kim Jong-il was named the Eternal Secretary General, while Kim Jong-un became the party’s First Secretary. Here is an updated Workers Party of Korea leadership chart.    

By Jack Pritchard There was a plausible scenario ready to work itself out with a successful launch of a missile by North Korea.  The Security Council would meet and issue a stern presidential statement condemning Pyongyang.  North Korea would push back rhetorically, claiming its sovereign right to space exploration while Beijing would send a high…

By Troy Stangarone Voting in the shadow of North Korea’s missile launch and a prospective third nuclear test, South Korean voters went to the polls on April 11 in an election that some 60 percent described as a referendum on the administration of President Lee Myung-bak.  Despite perceptions that there was widespread dissatisfaction in South…