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New York Times (July 29)

2018/ 07/ 31 by jd in Global News

“While Japan famously brought the world the concept of ‘death from overwork,’ South Koreans work longer hours, according to labor data. In fact, they put in 240 more work hours per year than Americans do — or, put another way, an extra month of eight-hour workdays.” South Korea is now trying to break free of this convention with a new law mandating 52-hour workweek caps for a large number of employees.

 

Reuters (July 5)

2018/ 07/ 06 by jd in Global News

“Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.” Furthermore, the collateral damage could be worse than that done to the principals. Due to global supply chains, countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable” to fall out from the spat between the U.S. and China.

 

Newsweek (June 13)

2018/ 06/ 16 by jd in Global News

Kim was the “undisputed winner” and rather “sadly, this isn’t really up for debate.” Kim successfully “appealed to Trump’s vanity…. On its own, putting the suspension of our defensive joint military exercises on the table in exchange for nothing concrete is a jaw-dropping concession from both a diplomatic and a military readiness perspective. In addition, it seems the Defense Department was not consulted, nor were our South Korean allies.”

 

Reuters (May 23)

2018/ 05/ 25 by jd in Global News

“Pyongyang’s announcement last week that it might pull out of the meeting should have been less of a surprise. North Korea has spent decades using similar tactics to shape the diplomatic agenda with the South and Washington, raising hopes of a breakthrough—then sparking a crisis and moving the goal posts.”

 

The Guardian (April 26)

2018/ 04/ 27 by jd in Global News

“There is little chance of a concrete agreement of any kind resulting from the summit” between North Korea’s Kim Jong-un and South Korea’s Moon Jae-in on April 27. “Beginning negotiations with a meeting between the two leaders, before any details have been hammered out, is always risky. The meeting will likely be followed by months, if not years, of negotiations at the lower levels before anything is signed.”

 

Bloomberg (April 13)

2018/ 04/ 15 by jd in Global News

A “$105 billion ‘ghost stock’ blunder” created market upheaval in Korea. An error at the South Korean brokerage Samsung Securities Co. gave employees 1,000 Samsung Securities shares each instead of 1,000 won (less than $1). “In total, the company distributed 2.83 billion shares, worth—on paper—about 112.6 trillion won. That was more than 30 times the company’s market value.” As employees sold the ghost shares, the stock price “plunged” 12% and “many retail investors got burned.”

 

Wall Street Journal (March 27)

2018/ 03/ 29 by jd in Global News

“North Korean leader Kim Jong Un paid a surprise visit to China this week, in his first known foreign trip since taking power in late 2011.” With upcoming U.S. and South Korean summits approaching, “analysts say the trip appears to be an effort to mend fences with Beijing, as Washington stakes out a tougher line on denuclearization talks planned for May.”

 

The Economist (February 3)

2018/ 02/ 05 by jd in Global News

University degrees are becoming more widespread. In South Korea, for example, 70% “of pupils who graduate from the country’s secondary schools now go straight to university… up from 37% in 2000.” The cost of a degree is also rising and evidence suggests ROI is falling. Still, “most young people will want a degree. It may not boost their earnings as much as they had hoped, but without one, they will probably fare even worse,” as a degree has also become the entry level threshold for many positions.

 

Time (November 22)

2017/ 11/ 23 by jd in Global News

“The defection, subsequent surgeries and slow recovery of the soldier have riveted South Korea, but it will be a huge embarrassment for the North, which claims all defections are the result of rival Seoul kidnapping or enticing North Koreans to defect. Pyongyang has said nothing about the defection so far.”

 

Newsweek (October 25)

2017/ 10/ 27 by jd in Global News

“The power of a U.S. passport has plummeted under President Donald Trump. American passports have now fallen behind those of 18 countries in terms of global mobility—a staggering collapse…. In 2015, the United States tied for first place with the United Kingdom on the list; last year, it slipped to fourth place. Americans now trails 18 countries, including Belgium, Japan, Sweden and first-place Singapore.” Japan tied for fourth place behind Singapore, Germany, Sweden and South Korea.

 

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