Image of the Week: US-Korea Free Trade Protests

The issue of free trade is a contentious one in Korea.  The passage this past week of the US-Korean Free Trade Agreement (FTA) was a win for the sitting presidential administration and the conservative Grand National Party, but led to much anger on the left.  That anger became quite palpable in the final moments of the vote in the National Assembly when an opposition lawmaker threw a tear gas canister in the chamber, forcing lawmakers to flee.

Protests in Korea are a relatively common occurrence, and have been known to become quite unruly.  Partly for this reason as well as other historical reasons, they are required to be registered with the government ahead of time.  Protests related to imports of beef from the United States drew hundreds of thousands if not millions of protesters in Korea, and the verve of the organizing groups has not slowed down.  The protest I observed in Kwanghuamun this past week were relatively peaceful when I was there, although later that night almost 50 police officers were in the hospital, having suffered injuries while trying to disperse the protesters.  An unknown number of protesters were injured as well.

An angry crowd attacks police for blocking disabled access points to Kwanghuamun

A public lecture discusses the potential damage of the FTA treaty.

The main protest crowd reassembled near shops after being blocked entrance to the main square

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Image of the Week: Incredible Photos from the Seoul Lantern Festival

Normally when I write these Image of the Week posts, I include some snarky comments about random things I have seen/taken photos of in Korea.  This week, in unusual form, I am going to avoid making any comments on these wonderful photos from the Seoul Lantern Festival.  The Lantern Festival has been around for a few years (supposedly 4, although I can’t verify that), and each year has increased in status, length, and sophistication.  I have to say, this is one of the best public art displays I have ever seen, and I am glad that I accidentally stumbled upon it.

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What scares me about Mitt Romney

This article by New York Magazine has a relatively even-handed narrative of the man that is increasingly appearing to be the Republican candidate for President this year.  Mitt Romney has an incredibly strong business background, and has truly reshaped the nature of modern American business practices.

It is the conclusion of his personality that bothers me:

It is arresting to imagine a Romney White House, inevitably filled with as many former Bain colleagues as each of his other public ventures have been: The ­PowerPoints, the 80-20 jargon, the clinical separation of decision-making from ideology, the detachment of those decisions from moral consequence, a persistent blind spot for people as people. It would represent the final ascension of a perfectly American type, one that has already remade the culture of business. I once asked a Bain colleague of Romney’s how Romney thought of his own core competence. “I think Mitt thinks he’s good at being Mitt Romney,” the colleague said.

Perhaps it is not surprising, then, that he has adopted a public persona that contains no detectable motives at all, one that is buried in objectivity, in data, in process. The best evidence of how important Romney’s religion is to him could be how far he has kept it from view. But the character that remains visible is at once uniquely American and a little strange: a perfectly objective efficiency machine.

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Image of the Week: Stanford’s Influence in Korea

KAIST (which, like the SAT, officially means nothing, but at one point meant the Korea Advanced Institute of Science and Technology) was originally proposed as part of a US Agency for International Development mission back in 1970.  That committee was chaired by Frederick Terman, Stanford’s former provost and the “father” of Silicon Valley.  It was charged with developing a plan for creating a university-industry hub that would spur Korea’s knowledge industries and assist the country in its economic development plan.

For those interested, the full report has been posted by Robert Laughlin, a professor of physics at Stanford and a former president of KAIST.  Below, you can see part of the influence on Terman on the school in the form of the lecture hall named in his honor.  (Rumor has it that there is a statue of him on campus, but alas, I have not yet found it despite repeated attempts to do so).

Terman Hall (It says it in Korean as well right above it)

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Why Stanford students should work on Wall St.

Teryn Norris and Eli Pollak have written a strongly-worded editorial today in the Stanford Daily blasting the finance industry’s recruitment of top students.  To quote:

Why are graduates flocking to Wall Street? Beyond the simple allure of high salaries, investment banks and hedge funds have designed an aggressive, sophisticated and well-funded recruitment system, which often takes advantage of student’s job insecurity. Moreover, elite university culture somehow still upholds finance as a “prestigious” and “savvy” career track.

Their solution is to encourage more students to pursue “socially productive careers in public service, entrepreneurship and scientific research.”  They also want universities like Stanford to develop systems to encourage interest in these “alternative career tracks.”

I wish it were that easy.

I’ve analyzed the problem before, but I have since gone through the recruiting process myself, which included some of America’s top banks.  I would like to discuss the difference in recruitment between Bain & Company and the U.S. Foreign Service.  I realize Bain is not an investment bank, but its recruitment strategy is for all intents and purposes the same as that of other management consulting firms and investment banks and provides a useful vignette.

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Posted in Asia, Economics, Education, Foreign Affairs, Higher Education, Industrial Policy, Japan, Politics, Science, Stanford, United States | 6 Comments

Image of the Week: The Multifunctional Administrative City™

At one point, Sejong City – the new Multifunctional Administrative City™ of Korea – was going to be the capital of the country.

Not just any kind of city – a HAPPY CITY dammit.

 

Sejong "will make a future city of Green Growth bloom"

That is not going to happen now, even though dozens of agencies and government ministries are moving to the home a little less than a 100 miles from Seoul.  Those moving include the Office of the Prime Minister, although it appears the PM himself is too smart to leave the political nerve center of Seoul for the quiet surroundings of Sejong City.

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