Straits Times (December 30)
“By sheer international travel volume, Changi Airport topped the Asia-Pacific region, beating Bangkok’s Suvarnabhumi Airport and Seoul’s Incheon International Airport by quite a distance: 32 million passengers handled to the other two’s 18 million each. In terms of recovery, it is also finishing by as much as 10 percentage points higher than the South-east Asia average.”
Tags: Asia-Pacific region, Bangkok, Changi Airport, Incheon International Airport, International, Passengers, Recovery, Seoul, Suvarnabhumi Airport, Top, Travel volume
Reuters (June 13)
Despite tensions with the North, things are “upbeat” in Seoul. “Compared to pre-pandemic times, the capital city feels richer and more vibrant. A recent boom in local stocks, cryptocurrencies and real estate have spurred the city’s elite, unable to travel, to flex their wealth at home…. Luxury sales topped $14 billion in 2021, making South Korea one of the few markets worldwide to surpass 2019 levels.”
Tags: Boom, Cryptocurrencies, Elite, Luxury sales, Markets, North Korea, Pre-pandemic, Real estate, Richer, Seoul, Stocks, Tensions, Travel, Upbeat, Vibrant, Wealth
Nikkei Asian Review (August 3)
In “a sign that Seoul is ready to rival Tokyo on the international stage,” the New York Times decided “to move Asia-based digital news operations from Hong Kong to Seoul.” The Times considered Tokyo and other cities, but ultimately chose Seoul, “which has become an outward-looking and tech-savvy city.”
Tags: Digital news, Hong Kong, New York Times, Outward-looking, Rival, Seoul, Tech-savvy, Tokyo
Bloomberg (August 1)
“After earnings carnage at global auto rivals,” Toyota is in the “spotlight.” From Detroit to Seoul, Toyota’s global rivals “fell short of estimates and warned of more pain from the trade war.” In contrast, “the world’s most valuable automaker will likely report modest sales and earnings growth for the most recent quarter.” But going forward the automaker still “faces a fight on every front. Potential U.S. tariffs threaten to cripple demand in its biggest market, rivals continue to pull ahead in China, and at home, the top-selling Prius is suffering a slump in popularity.”
Tags: Auto rivals, Carnage, China, Detroit, Earnings, Estimates, Growth, Prius, Sales, Seoul, Tariffs, Toyota, Trade war, U.S.
The Economist (January 10)
“North Korea’s strange juggling act is becoming ever more precarious. The hubbub over The Interview has attracted unwanted attention. “Just because Mr Kim runs a paranoid, delusional despotism, does not mean that the outside world is not out to get him.” In fact, it increasingly seems “the comforting calculation for North Korea’s regime—that, painful though its existence is to its people and the outside world, its collapse would be worse—may not hold for ever in Beijing, Seoul, Tokyo and Washington.”
Tags: Beijing, Collapse, Delusional, Despotism, Kim, North Korea, Paranoid, Regime, Seoul, The Interview, Tokyo, Washington
Financial Times (April 3)
Chinese tourists are increasing in Japan, but they are positively flooding Seoul. “The streets of Seoul are full of Chinese tourists drawn by South Korea’s lavish department stores, its glamorous pop stars – and now its driving schools.” South Korea loosened its license requirements just as China tightened theirs, creating a new travel incentive. A license in South Korea is cheaper and only requires 13 hours of school versus 78 in China. As a result, Chinese students now outnumber Koreans at some South Korean driving schools.
Tags: China, Chinese, Department stores, Driving schools, Japan, Licenses, Pop stars, Seoul, South Korea, Tourists
Los Angeles Times (July 28)
“North and South, on the 60th anniversary of the end of the Korean War, couldn’t be more different.” When the armistice ended the war in 1953, “one-third of all homes and two-fifths of all factories were destroyed. Seoul, Pyongyang and all other cities were little more than rubble. Food was scarce, orphans plentiful.” Today, not that much has changed in the North, but everything has changed in the South, which is now the world’s 12th largest economy. “There is no more inspiring story in the world over the past half-century—or a more compelling example of how political decisions can shape people’s lives.”
Tags: Armistice, Food, Inspiring, Korean War, North Korea, Orphans, Pyongyang, Seoul, South Korea
Time (March 15)
North Korea continues to ratchet up the tension. “In keeping with the dynasty’s tradition of erratic behavior, North Korean leader Kim Jong Un has threatened to bombard a South Korean island with 5,000 residents, further raising alarms in Seoul and the U.S., which is beefing up its own missile defenses against possible attack from Pyongyang.”
Tags: Attack, Defense, Kim Jong Un, Missiles, North Korea, Seoul, Tension, U.S.
