South Korean President Yoon Suk-yeol’s unexpected and short-lived declaration of martial law on December 3, 2024 presented severe challenges to the nation’s legal and political systems. Eungi Hong writes that the responses of other institutions, especially the courts, may serve as a testament to the resilience of South Korea’s Constitution and democracy.
Is Japan (Finally) Back?
The Japanese stock market enjoyed an impressive rally this year, with the Nikkei 225 Index gaining well over 20% and achieving its highest level in three decades. Is Japan (finally) back? Bruce Aronson writes that a lasting recovery will depend upon how deeply corporate governance reforms have taken root and what policies have been adopted to counter the drag of an aging society.