Korea's economic troubles strike home

Rising unemployment and household debt make for an unstable cocktail.

The plight of Seung-tae, a salary-man employed in the electronics division of a mid-sized conglomerate, is becoming increasingly common in Korea. A wild-goose father, Seung-tae lives alone in a small Seoul apartment, sending a large part of his salary as well as borrowed cash to his wife and daughter, Ji-ae, in Toronto. Ji-ae, like many Korean teenagers on the threshold of university, is being educated abroad.

The problem is that the cost of that cramming has risen by more than...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...