Word: koreanness
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...There's also some question of how communities around the nation will react to the new workforce. Many Japanese perceive the nation as ethnically homogeneous, despite the fact that Chinese and Korean minorities have been living here for most of last century. According to a 2006 survey by the Women's Association for the Better Aging Society, nearly 60% of elderly patients prefer to be cared by Japanese caregivers. Even Nakayama, who is looking forward to welcoming his new staff, says, that "kerchiefed Indonesian women will stand out" in his rural area. Police in Aomori visited his facilities after they...
...depressed mood is typical of the gloom that has enveloped the world's 13th largest economy. As has happened around the world, the panic that began on Wall Street has seeped into the minds and hearts of South Korean businessmen, bankers and housewives, who fear the consequences of an impending global recession. With the country heavily reliant on exports, South Korea, like the rest of Asia, cannot escape the fallout from a U.S. downturn. Goldman Sachs predicts GDP growth will sink to 3.9% in 2009, the lowest since...
...International bankers and investors yanked money from emerging markets worldwide. South Korea's banks rely more on external financing than most others in the region. Amid a global shortage of credit, the banks struggled to find financing, often borrowing on overnight markets at high interest rates. Foreigners dumped South Korean shares and the stock market plunged. On Oct. 16, the won lost nearly 10% of its value, its biggest one-day drop since the 1997 crisis...
...dollars for the economy, which gave a big boost to confidence. In early November, the Finance Ministry announced an $11 billion stimulus package that included tax breaks and new infrastructure spending. The moves have recently brought some stability to stock and currency markets and eased foreign financing for South Korean banks. "I think we did the right things," says the FSC's Yi. That may be enough to lift South Korea's economy but not, perhaps, the spirits of its people...
...produce the fleet might make military sense if they were needed, but the last time Marines stormed ashore - the key reason the taxpayers are spending $14 billion on the San Antonio and at least eight more ships just like it - was nearly 60 years ago, at Inchon during the Korean...