Asia’s other reform story: South Korea

Don’t compare Korean president Park Geun-hye’s reform effort to Abenomics. Think Singapore.

This country’s relatively new leader has called for economic restructuring to reduce its reliance on exports, deregulate finance, boost services and support small, private companies. Is it China Japan Well, maybe, yes but South Korea’s president, Park Geun-hye, is also out to reconfigure her nation’s industry.

And unlike the leaders of China and Japan, who promise much but have a more questionable track record of delivery, Park may prove more forceful in achieving her aims.

That’s because she is partly driven by South Korea’s uneasy position between its two bigger neighbours as they reenergize their corporate sectors not least in Japan, where a cheaper yen has boosted...

¬ Haymarket Media Limited. All rights reserved.

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