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East Asia
South Korea: minimum wage stirs up controversy again
The government’s ordinance to revise the calculation method for the minimum wage is stirring up controversy and fueling conflict between businesses and workers. They have been locking horns over a particular issue concerning the inclusion of wages employers need to pay their employees for days off. Basically, companies will have…
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East Asia
Shavkat Mirziyoyev becomes ‘2018 Asian of the Year’
On December 19, The Asia Journalist Association (AJA) announced ‘2018 Asians of the Year’: South Korean football coach Park Hang-seo, Uzbekistan’s President Shavkat Mirziyoyev, LG group’s former Chairman Koo Bon-moo, and Egypt’s heart surgeon Magdi Habib Yacoub. The awards ceremony will be held in AJA General Meeting 2019. Shavkat…
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East Asia
IPR protection guarantees better innovation
China’s reform and opening up nurtured and prospered its intellectual property rights (IPR) protection. In the 1980s, the country was in urgent need of an IPR protection system complying with international rules, especially a patent system, in order to better utilize foreign capital and technologies. On April 1, 1985, when…
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East Asia
Advance with the times by carrying forward reform and opening-up
Whoever can offer a clear explanation of China’s reform and development will likely be a winner of the Nobel Laureate in economics, the remark of the Nobel economics prize winner Milton Friedman has reflected the global trend towards the exploration of the secrets of China’s reform and opening-up. To reveal…
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East Asia
Boosting ties between Korea, Philippines
My wife and I recently travelled to the municipality of Concepcion, Iloilo, Philippines, as part of the delegation of the Korea Heritage Society from Dec. 4 to Dec 10. The KHS was led by its chairman Choi Ha-kyung and advisory council members, at the invitation of Milliard S. Villanueva, the…
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East Asia
How Korea’s modern art began
Exhibition sheds light on art of Korean Empire The Korean Empire (1897-1910), proclaimed by Joseon’s 26th ruler King Gojong as an effort to modernize, is often neglected in Korea’s history. “Art of the Korean Empire ― The Emergence of Modern Art,” an exhibition on view at the National Museum of…
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East Asia
“We need to incentivize corporations, banks in tackling social issues”
Corporations and banks should get more involved in solving the problems facing the communities they belong to in order to gain more of the public’s acceptance and therefore grow on a sustainable basis. One way to encourage them to do that is to describe their social contributions in dollar terms…
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East Asia
How feminist book ‘Kim Ji-young’ became million-seller
“Kim Ji-young Born in 1982,” a novel describing the life of an ordinary Korean housewife on a career break, has sold 1 million copies as of Nov. 27, just over two years after its release in October 2016. This is the first Korean novel to have sold over 1 million…
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East Asia
China rolls out new measures to further promote reform and opening up
A draft amendment to the Patent Law was passed at a State Council executive meeting held on Dec. 5. The document will be submitted to the Standing Committee of the National People’s Congress for deliberation. The amendment is expected to enhance punishment on intellectual property infringement. The move is an effort…
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East Asia
China’s reform and opening-up contributes to global prosperity
China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF)…
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