Daily Update – October 25

South Korea

Politics – President Park Geun-hye continues to suffer damaging implications in the Choi Soon-sil scandal which has rocked the ending of her term.  Choi was revealed to have had access to presidential speeches before they became public as well as confidential documents, despite not holding an official position in the Park administration.  Party leaders from both sides of the aisle are calling for her to come clean on the scandal.  Even members of the Saenuri party – the party Park belongs to – have called for Park to step away from the party.  No South Korean president since Lee Myung-bak in 1987 has stayed a member of their party during their time in office.

Economy – Two South Korean electronic companies –LG and Samsung – are looking toward Africa as an expanding market.  LG was the first to tap into the African market and currently has 7 sales corporations and 2 production corporations in South Africa.  As it looks to expand its growth in Africa, LG is embarking on a Localization Strategy in which LG works with the existing technological infrastructure in African nations to develop targeted products.  It is also embarking on several CSR campaigns.  Samsung is looking to develop a similar strategy, as it opens stores in Zimbabwe and South Africa.  The two companies are looking to tap into African growth and prosperity.

Culture – (Photo) Visitors taking a picture at a statue in Yeido by the Han River.  The statue is 80% the size of the Litte Mermaid statue in Copenhagen.  Photo is from The HanKyoreh

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North Korea

North Korean Deputy Foreign Minister Han Song-ryol and Robert Gallucci, United States State Department Special Envoy on the North Korea Nuclear Issue, concluded behind the scenes talks in Malaysia.  Han called the talks exploratory, where the two delegations – there was five members from each side at the talks – discussed issues of concern as both sides are starting to prepare for a new US president.  Topics discussed were North Korea’s missile and nuclear program, which the two said they made strides on.  South Korea demurred the talks, saying they will continue to enforce strong sanctions with the US if North Korean behavior continued to be provocative.

Chinese residents in the border area are working night shifts to ensure a barbed wire fence is erected quickly to prevent a flood of immigration from North Korea.  Signs in the region have also been erected warning the residents of a 500 RMB fine for assisting defectors.  This rise in activity comes as the government warns about, and hopes to protect against, a possible rise in “livelihood” defectors as living conditions in North Korea are worsening due to the flood from earlier this year.  Many fear an uptick in violence if there is a rise in defectors, which is another motivating factor of residents working on the fence.  (The photo below is from Daily NK depicting a signs in Kaishan Village.  The first warns of the fine, the second warns people to give their possessions quickly if a North Korean comes to rob them.  Pictures are taken from this DailyNK article.)

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