A popular Korean reality TV show called “Zzak” (meaning ‘partner’) takes place in what can only be called a “love camp” where men and women who are looking for a significant other come together. Each of these men and women are identified by numbers, and they get to find out more about each other through various ordeals and tasks. At the end, they choose who they want to be with, and the lucky ones become a pair. Continue reading
Since taking an international trade class at Wellesley this year, I found myself paying more attention to trade-related news, especially businesses between the two Koreas. It wasn’t all that unapproachable and boring as I thought it would be before taking the class; now that I understand some of the terms and basic concepts behind international trade, reading about current events became a lot more enjoyable. One of the news items that caught my eye recently was the Kaesong Industrial Complex and its status in the Korea-China FTA.
Last month, South Korea and China started their process of free trade agreement (FTA) negotiations. China, which is currently South Korea’s largest trading partner, obviously has a great impact on Korea’s economy. In this sense, the decision to give preferential tariff on goods produced in designated outward processing zones (OPZ)* such as Kaesong Industrial Complex as part of the Korea-China FTA carries significance. This acknowledgement means that items partially or wholly produced in Kaesong by South Korean businesses would be categorized as South Korean in origin. This is meant to offer bigger business opportunities for corporations, which will contribute to peace between the two Koreas. Continue reading
On a sunny afternoon, I sat down with Andy. I met Andy during my visit to London over spring break, when I was visiting my sister who works for a consulting company. Andy recently graduated from Oxford University, where he studied Politics, and he recently started working with my sister at a consulting firm based in London. When I first met him Andy struck me as a well-travelled person; the type of guy who would mention a new place he visited every time you strike up a conversation with him. But one of the most interesting places that he had been to recently included Pyongyang. For 10 days last summer (August 2011), Andy travelled to North Korea with a group of other tourists. I had actually never met anyone who had been to North Korea for pure tourism purposes. I was curious to hear about his perspective on the country, and also his experiences during the trip. Continue reading