Economy & Trade - Korea Economic Institute of America

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

Korea-U.S. Economic Relations in 2005

Korea’s economy in the year 2005 demonstrated that it is picking up significant positive momentum, although the full-year performance in 2005 showed mixed results. Korea’s...

Ahn Chong-ghee

May 25, 2011

Publication

Reforming the Pension System in Korea

Korea is in the midst of the most rapid demographic transition of any member country of the Organization for Economic Cooperation and Development (OECD); the...

Randall S. Jones

May 25, 2011

Publication

Korea’s Postcrisis Exchange Rate Policy

There are few areas about which there is a greater range of opinions among international monetary experts than the issue of exchange rate regimes. Eminent...

Kim Yongbok

May 25, 2011

Publication

Recent Developments in Korea’s Financial Markets: Foreign Exchange Liberalization and the New Real Estate Policy

In 2005, the Korean government implemented a number of new financial policies. Of those, two policy measures deserve special attention because of their potentially significant...

Park Haesik

May 25, 2011

Publication

Outlook and Reforms for the Korean Economy in 2006

After two years of sluggish growth, the Korean economy is now recovering. Economic activity began to revive in the early part of 2005 and accelerated...

Kenneth Kang

May 25, 2011

Publication

KORUS FTA vs. Korea-EU FTA: Why the Differences?

The Korea-U.S. Free Trade Agreement (KORUS FTA) and the Korea-European Union Free Trade Agreement (Korea-EU FTA) are the major FTAs for the Korean economy. Although...

Yeongkwan Song

May 15, 2011

Publication

Similar Policies, Different Outcomes: Two Decades of Economic Reforms in North Korea and Cuba

This article is aimed at analyzing, in a comparative perspective, the economic reforms undertaken by Democratic People’s Republic of Korea (DPRK, or North Korea) and...

José Luis León-Manríquez

April 1, 2011

Publication

Buying into North Korea: Practices and Implications for Foreign Investment into the DPRK

With North Korea becoming increasingly politically isolated, there are few channels through which the international community can remain engaged. Despite the distaste most have for...

Kevin Shepard

November 25, 2010

Publication

Torn Between the Two Trade Giants: U.S.-China Trade Disputes and Korea

An old Korean proverb says that when two whales fight it is the shrimps whose backs are crushed. Maybe that proverb best describes Korea’s situation...

Jaemin Lee

June 15, 2010

Publication

Exchange Rate Arrangements of Transitional Economies and their Implications for the Two Koreas

The purpose of this research is to identify an exchange rate regime that would be suitable for North Korea to achieve its goal of economic...

Jin-Gil Jeong

January 25, 2010

Publication

The Bank of Korea in Historical and Comparative Perspective

This paper reviews and evaluates the development of Bank of Korea policy in historical and comparative perspective. The historical perspective focuses on the most recent...

Thomas F. Cargill

November 25, 2009

Publication