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.…

This is the first in a two part series looking at the entry of South and North Korea into the United Nations. The second part can be found here. September 17 marked the 30th anniversary of the entry of North Korea and South Korea into full membership in the United Nations.  In recommending admission of…

What Happened In early September 2021, a human rights group brought public attention to the suicide of a verbal and physical bullying victim in the South Korean navy. This comes on the heels of several recent highly-publicized suicides and abuse incidents within the Korean military. In response to years of public pressure, the government has steadily advanced changes, including civilian court trials for military personnel…

What Happened Until December 2020, Korea maintained a singular publicly mandated digital authentication system for accessing online services. Surveys showed that this protocol was unpopular among users. In December 2020, the government began allowing online vendors to use authentication systems of their choosing. However, the change has caused confusion as many people are now unable to access online services using verification…

A few months ago, the New York Times reported that North Korea’s ruler, Kim Jong-un, had called K-pop a ‘vicious cancer.’ Rather than see this pronouncement as an exceptional step taken by a totalitarian regime, one can think of this as yet another expression of an ongoing struggle to control information entering North Korea. In…