How Powerful Should Korea’s Chaebol Be?

Lee Bok Sun is planning to close her 28-year-old fruit store in Seoul for good. Many of her customers have switched to a new hypermarket owned by one of South Korea’s chaebol, the family-controlled business groups that dominate the economy. “My baby brother gave me the money to start this shop to thank me for […]

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Kim Jong Un’s Baby Mama

In July, when North Korea‘s state media identified Ri Jol Su as the wife of the country’s supreme leader Kim Jong Un, reporting the couple’s visit to an amusement park, the contrast with his father, Kim Jong Il, could not have been starker. State media reports and official accounts of the elder Kim’s activities and behavior never […]

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A Battle for the ‘Seoul’ of South Korea’s Economy

The bruising Apple-Samsung fight raises major intellectual property rights (IPR) issues that South Korea and Asian economies generally are ill-prepared for. Unless the concerns raised by the Samsung-Apple dispute are resolved, Korea should expect regular trade friction with major partners and frequent accusations of copying and cheating. As wealthy countries like Korea move away from manufacturing […]

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The U.S. Military Pivot To Asia: When Bases Are Not Bases

From his office window, Roberto Garcia watches workers repair the USS Emory S. Land, a submarine support vessel that is part of a U.S. military buildup as Washington turns its attention to fast-growing Asia and a newly assertive China. The Philippines, Australia and other parts of the region have seen a resurgence of U.S. warships, planes and personnel […]

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Is This The End Of The South Korean Miracle?

Can China avoid becoming Japan? In a few decades’ time, we may be talking about how today’s up-and-coming economic superpower is starting to look like the Land of the Rising Sun and Falling Expectations. But before that, another country is first in line: the Republic of Korea. Despite differences in politics and size, China can […]

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Trouble for Tokyo: Japan’s Foreign Policy Challenges

Officials in Tokyo have known for some time that Japan’s regional foreign policy needs to be revamped. The economic crisis has brought Japan’s export giants to their knees and forced the country’s economy to look at different ways of conducting business. Moreover, the nuclear crisis in Fukushima last spring further intensified Japan’s already acute energy […]

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