Economy & Trade - Korea Economic Institute of America

Progress in Corporate Governance

This article investigates the progress in corporate governance reform in Korea since 1997 as well as current corporate governance challenges. It focuses on corporate governance...

Stijn Claessens

May 25, 2011

Publication

Korea’s Economic Achievements and Prospects

According to a preliminary estimate by the Bank of Korea on 4 January 2008, Korea’s per capita gross domestic product (GDP) and per capita gross...

Pyo Hak-kil

May 25, 2011

Publication

U.S.-Korea Economic Relations: View from Seoul

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together...

Han Dongman

May 25, 2011

Publication

How North Korea Finances its International Trade Deficit: an Educated Guess

The Democratic People’s Republic of Korea (henceforth North Korea) certainly seems to like being different from other countries. Whereas governments of virtually all the world’s...

Edward M. Graham

May 25, 2011

Publication

Realistic Expectations of the Future Role of the International Financial Institutions on the Korean Peninsula

Recent developments on the Korean peninsula are raising expectations that the DPRK may finally be ready for a new era of political rapprochement and economic...

Mr. Bradley Babson

May 25, 2011

Publication

East Asian Economic Integration: Implications of a U.S.-Korea Free Trade Agreement

The United States and Korea finished the eighth round of negotiations for a bilateral free trade agreement (FTA) in mid-March 2007, and the agreement is...

Cheong Inkyo

May 25, 2011

Publication

U.S.-Republic of Korea Economic Relatoins: A Washington Perspective

The U.S.-ROK bilateral economic relationship entered a new era 1 April 2007 when President George W. Bush notified the U.S. Congress of his intent to...

Jordan Heiber

May 25, 2011

Publication

Korea-U.S. Economic Relations in 2006

Economic relations between Korea and the United States reached new heights in the year 2006 with the launch of negotiations for a bilateral free trade...

Ahn Chong-ghee

May 25, 2011

Publication

Sustaining Rapid Growth in Korea through Innovation

Rapid economic development lifted Korea’s per capita income from 15 percent of the U.S. level in 1970 to approximately half by 2005. Growth has been...

Randall Jones

May 25, 2011

Publication

Impact of Private Equity Funds on the Korean Merger and Acquisition Market

The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has...

Lee Ho-jin

May 25, 2011

Publication

Prospects for Increasing Labor Market Flexibility in Korea

The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the...

Kim Sung-teak

May 25, 2011

Publication

Big Bang on Korea’s Capital Markets: Reform legislation and its Impact

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....

Cho Sung-hoon

May 25, 2011

Publication

Bank of Korea Policy and the Asset Bubble Problem

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...

Federico Guerrero

May 25, 2011

Publication

Bankruptcy Policy Reforms and Corporate Restructuring in Postcrisis Korea

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...

Lim Youngjae

May 25, 2011

Publication

Korea’s Economic Prospects and Challenges

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...

Jerald Schiff

May 25, 2011

Publication