economy

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Se-Woong Koo
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Living Cheap in South Korea

Between all the designer handbags and luxury cars in the streets of Seoul, it’s easy to think that South Koreans love and are willing to pay for bling. But echoing what Japan has gone through after their economic bubble burst twenty years ago, South Korea wrestles with worsening 

Jieun Choi
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South Korea's E-Commerce System Sucks; Moon Jae-in Agrees

South Korea may have the world’s fastest internet speed and stable 4G LTE network connection on subway lines, but its people have been suffering from the chronic inconvenience of living with an outdated online banking and ecommerce system. Moon Jae-In, the frontrunner of the upcoming presidential election, pledged to

Sangin Park
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Can South Korea Survive Without Samsung Electronics?

On October 11, Samsung Electronics announced that it was halting its production of Galaxy Note 7. The Note 7 had seemed like a jackpot for the company. After its very first launch on August 2 in New York City, the smartphone had been lauded for its technological advancements. But a

Kevin Hockmuth
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One Nation Divided under the Chaebol

Recently I came across an intriguing post on the Global Voices website: In 2014, a piece of legislation was introduced in the National Assembly for the purpose of punishing South Korean consumers who shop on foreign websites. Those unacquainted with shopping in South Korea may be puzzled to learn that

KOREA EXPOSÉ
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Job Search

I am now trapped in a tight, borrowed business suit. My hair is tamed into a tidy ponytail. I ditched red lipstick in order to look modest. Such a stereotypical job interviewee. Anyone could tell what I am up to. Today’s destination is a satellite city in Gyeonggi-do. The

KOREA EXPOSÉ
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Preponderance of Workers

When I’m in South Korea what always surprises me is the number of employees in department store food corners, usually women middle-aged or older. They welcome customers, let them taste dumplings, tofu and so on. It almost seems there is one person for each shelf of goods. I don’

Se-Woong Koo
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Chaebol Nutcase: Welcome to a Feudal Aristocracy of the Orient

Once upon a time, in a faraway land called South Korea, Heather was working at her father’s airline company as a high-powered executive. One winter’s day, Heather went on a trip to America, where a flight attendant on her company-owned jet offered her a bag of macadamia nuts