Seoul can launch promised chaebol reforms to reboot growth NIKKEI ASIAN REVIEW William Pesek South Korea is seeing a bull market in bearish economic news. In the first 20 days of May, exports plunged 11.7% from a year earlier, signaling a sixth straight monthly drop. Unemployment rose to 4.1% in April from 3.8% in March.
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ASIA TIMES A profit warning from South Korean giant bodes ill for Seoul’s 2019 – and the entire global economy ByWILLIAM PESEK As goes Samsung, so goes South Korea. This, of course, is a play on the old adage that what’s good for General Motors is good for the US economy, and vice versa. Yet
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NIKKEI ASIAN REVIEW President needs reforms to revive economy and political rating William Pesek It is hard to think of a top world leader having a worse Trump presidency than Moon Jae-in. The South Korean president took office in May 2017 with a mandate to overhaul a rigid and aging economy. Instead, his team is
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ASIA TIMES As chatter about a global downturn grows in volume, events in Seoul are worth a look By WILLIAM PESEK JANUARY 5, 2019 With its sizable, open economy, South Korea often acts as a weathervane of sorts for trade-flow inflection points. And at the moment, one of Asia’s most reliable early-warning systems is flashing something approaching red. The
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