Oil Prices not Delivering Asia Boom

Oil Prices not Delivering Asia BoomThe best efforts of central bankers in the West and Japan to re-ignite inflation have thus far failed. The rest of Asia, which once seemed partly immune to the problems of aging and indebted societies, is now looking far more vulnerable to deflationary forces. Low and still-falling interest rates should in principle benefit these countries…

South Korea: Headwinds and Crosswinds

South Korea: Headwinds and CrosswindsSouth Korea today faces economic and political headwinds as strong as any country in Asia, with faltering domestic consumption and struggling exports in the face of slowing Chinese demand from Korea’s formidable export machine. Abenomics’ latest tactics to weaken the yen are giving Seoul’s export sector even more problems.  The government, headed by Park Guen-hye,…

Is South Korea Really Developed?

Is South Korea Really Developed?In the past, South Korea has been lauded as a successful case of economic growth and wealth distribution. Today, it stands at a crossroad, having to pay for the costs of the compressed development that expanded opportunities over a short period of time.  Economic growth catapulted South Korea to the 15th largest economy in the…

China and South Korea: ‘Like Mouth and Tongue’

China and South Korea: ‘Like Mouth and Tongue’Beijing is losing patience with its troublesome client state North Korea, demonstrated by Xi Jinping’s visit to Seoul at the start of this month before ever stepping on North Korean soil so far in his presidency or extending an invitation to Pyongyang’s leader Kim Jong-un to visit Beijing. In a telling exchange, Tian Guoli, chairman…

Korea’s Battle to Keep the Lights On

Korea’s Battle to Keep the Lights OnElderly rural residents in South Korea’s southeast – short, grandmotherly figures in the brightly colored clothes and broad visors typical of elderly women –are tussling with police young enough to be their grandsons in a battle that could have far-reaching implications in the resource-poor country’s efforts to both cast itself as an nuclear power exporter…
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