Word: koreanness
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Dates: during 1990-1999
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...going places." He began, he says, to "imagine myself beyond race." In The Accidental Asian, Liu still distances himself from the identity politics of the multicultural left. He points out the folly in the idea that a shared Asian-American identity can be woven from the many strands--Japanese, Korean, Indian, Pakistani--of Asians in America. And he argues further that racial groupthink can stir up resentments and erect walls among the races. But Liu recognizes the importance of preserving ethnic ties, and unlike many conservatives, he resists dismissing those who still yearn for racial belonging. "While racial identity...
...South Korea: Not that disgruntled labor is anything new there, but the workers at Hyundai Motors are threatening to strike (which would cripple the Korean economy) unless they all get to keep their jobs (which would cripple the Korean economy...
...this case, SK Securities entered into a currency-swap deal with Morgan in early 1997 whereby SK Securities in effect borrowed U.S. dollars and invested them in Thai baht. But within a year the baht plunged in value, from 25 to 48 to the dollar, and the Korean firms couldn't cough up the dollars to repay Morgan. They subsequently sued Morgan in New York and in South Korea, claiming they weren't properly advised of the risks associated with derivatives...
...those who still travel there. More of them are likely to be from the West, since preliminary data indicate that, overall, Asians are staying home more these days--most dramatically in battered nations like South Korea, where it's considered unpatriotic to spend money outside the country. Last December, Korean airline companies, at the urging of the national tourism association, staged a demonstration at Seoul's Kimpo International Airport asking passengers not to fly abroad. Even in Singapore, where the number of inbound business visitors increased nearly 9% in 1997, business-oriented hotel-occupancy rates have dropped, and the city...
...South Korean fabric salesman, knows this all too well. Ahn bemoans the fact that he can't cut back his traveling, because cloth must be "felt and seen." He skips meals, crams more meetings into an already tight schedule and grabs public buses instead of hailing cabs. "When I jokingly told some of my business contacts to pay for meals, they took it seriously," says Ahn, whose belt tightening has worked perhaps too effectively--he claims he lost 8 lbs. with all the extra running around on his last business trip. Other pleasurable business habits are also taking a pounding...