The South Korean government has been pretty creative in its search for a solution to their rock bottom birth rate – from subsidies for fertility treatment to encouraging employees to go home without saying goodbye to their boss. But one of the country’s giant conglomerates is taking a more drastic step by mandating that their male employees take a month off after having a child.
When looking at jobs and the KORUS FTA there are three additional factors to consider – trade in services, foreign direct investment, and items covered by the KORUS FTA.
South Korea faces a household debt crisis. Household debt reached more than 1,257 trillion won ($1.1 trillion) in the second quarter of this year, up 125.7 trillion won and 11.1 percent from a year ago. This marks the highest level for household debt since the government began compiling related data in 2002.
Fulfilling its role as a leading “middle power,” Korea should move to join a rump Trans-Pacific Partnership agreement that would include the eleven nation states who negotiated the TPP with the United States.
The South Korean economy is drifting like a ship which has lost its captain while the ‘Choi Soon-sil Scandal,’ a civilian who has no official title, has shaken South Korea for over a month.
Not all is easy for Kim Jong-un as he must soon make important and probably irrevocable decisions with respect to how far he will allow the market economy to expand.
Unlike past U.S. elections, President-elect Donald Trump has made trade a centerpiece of his campaign.
Do claims of the KORUS FTA costing the United States 100,000 jobs hold up?
International trade has become a top-tier political issue during this U.S. election cycle that has come together to create a “perfect storm” for candidates at all levels in both political parties.
As the Korean economy started growing, its relations with the labor sector also started changing, and so has one of its most basic factors, the wages of the workers.