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…

Despite being industrial powerhouses, Korea and Japan are both resource-poor nations with limited domestic sources of energy. Powering their economies required both to develop supply chains for fossil fuels, nuclear…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

In 2023, KEI has set out on its “Rethinking Korea initiative,” which explores the evolution of U.S.-Korea relations, Korea’s place in the world, and rapid changes in Korean society itself.…

By Jenna Gibson Big news out of Pyongyang – a North Korean factory has made the world’s first hangover-free alcohol. Or so they say. North Korea has long been the butt of jokes, many of them centered on country’s eccentric leaders. This stems in part from curiosity – because news from North Korea is so…

By Mark Tokola, Phil Eskeland, Troy Stangarone, Jenna Gibson, and Kyle Ferrier In the aftermath of North Korea’s nuclear test, 2016 has already begun with a new crisis on the Korean peninsula. As the United States, South Korea, and the rest of the international community work together to address the growing threat from Pyongyang’s expanding…

By Nicholas Hamisevicz A good stretch of optimism in inter-Korean relations ended in December, even before tensions rose in early January 2016 with North Korea’s fourth nuclear test. In December, the two Koreas had a vice-minister meeting, but couldn’t come to any agreements and did not even set a date for future discussions. Moreover, Kim…

By Mark Tokola North Korea’s claim to have recently tested a Hydrogen bomb is disputable because the explosion seems to have been no larger than during its 2013 test of a “conventional” nuclear device.  That does not in itself diminish the seriousness of North Korea having conducted a fourth nuclear weapons test.  Foreign policy questions…