...1. Introduction Korea and Japan have close relationship ever since their ancient histories to this day. Because of this reason, their economic growth and development have similarities but on the other hand, due to their different characteristics, they also have differences. This paper will discuss some of the two countries’ major characteristics including geographic, social, and political characteristics and look at their histories and economies. 2. Geography Korea - Korea extends about 1,000 kilometers to the south from the northeast part of the Asian continent. It consists of the Korean Peninsula and over 3,400 islands. Since 1945, as a result of the WWII, Korea has been divided into North Korea, and South Korea. The total area is 221,607 square kilometers. South Korea owns 99,237 square kilometers and 45% of the total land, while North Korea owns 122,370 square kilometers, the remaining 55%. Korea is mostly consisted of mountain range with 70 percent. The Mountains Taebaek connects the full length of the east coast. Japan - Japan has four main islands - Honshu, Hokkaido, Shikoku, and Kyushu - and more than 3,000 small islands cover an area of 377,727 square kilometers. These islands extend over 3,000km in total length, and it spreads about 300km in width. Japan is covered with mountains about three-fourths of the national land. Mt. Fuji divides the center of Honshu with 3,000-meter high, the main island. Japan has around 200 volcanoes, among them about 60 volcanoes...
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...Throughout the 19th century into the 20th century, the west started to have an increasingly great influence on the other parts of the world. Asia, in particular, was faced with the decision of whether to adopt and conform to the western ways or to reject and stick with their traditional ways of life. In the end, Asia adapted to ways of the western “devils”, but most of their efforts seemed unsuccessful while others were quite successful. The main countries that experienced the western influence were China, Korea and Japan. Although all three countries experienced their share of internal and external strife, China and Korea’s modernization efforts were, in comparison to Japan, unsuccessful. The reason for this was because Japan was able to fully utilize their resources and take advantage of the opportunities that they were presented with in Asia, whereas China and Korea were occupied with internal and external conflicts. Although China and Korea weren’t total failures, the Land of the Rising sun overshadowed them. China’s first experience with western imperialism is seen in the 1830’s when they had conflict with the spread of opium and the dwindling of silver within the country. China wished to stop both these events so when they confiscated supplies of opium from British traders, the British government used its newly developed military power to make their dissatisfaction known to the Chinese. This, along with other factors, led to the First Opium War (1839-1842). The result...
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...AY 2011 COMPARISON OF MARKETING STRATEGIES BETWEEN JAPANESE AND KOREAN COSMETICS COMPANIES IN THAILAND’S MARKET MATHAVEE REUNGSINPINYA Major in Business Administration GRADUATE SCHOOL OF COMMERCE WASEDA UNIVERSITY 35092351-8 C.E. PROF. GROSSBERG PROF. SUGIURA D.E. PROF. FUJITA Table of Contents CHAPTER 1. SECTION 1. SECTION 2. SECTION 3. SECTION 4. CHAPTER 2. SECTION 1. SECTION 2. SECTION 3. INTRODUCTION ................................................................................... 1 INTRODUCTION ............................................................................................ 1 OBJECTIVE OF THE STUDY........................................................................... 3 RESEARCH METHODOLOGY ......................................................................... 3 STRUCTURE OF PAPER ................................................................................. 4 INDUSTRY ANALYSIS .......................................................................... 5 THAILAND’S COSMETIC MARKET ................................................................. 5 JAPANESE COSMETICS IN THAILAND ........................................................... 8 KOREAN COSMETICS IN THAILAND ........................................................... 10 CHAPTER 3. MARKETING STRATEGIES OF MAJOR JAPANESE AND KOREAN COSMETIC COMPANIES ..............................................................................................14 SECTION 1. JAPANESE...
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...An Economic Comparison of Japan 日本国 And South Korea 대한민국 Introduction South Korea and Japan have had a close relationship from ancient history to the present day. Because of this reason, their economic growth and development have similarities and disparate differences. This paper will discuss some of the two countries’ major characteristics including geographic, social, and political characteristics and look at their histories and economies. Another reason that it is natural to compare them is their economic growth has mirrored one another. Both emerged from a war with its economy devastated and its infrastructure in ruins. Both countries changed with the economic climate of the time and took advantage of foreign investment in order to rebuild. Finally, both countries used their strengths to develop their economies to the point that they are world leaders in their field. Finally, both counties enjoy close political and economic relations with the United States, with each country being among our Top 10 largest trading partners. We have been a good friend to both, which has helped to stabilize relations in the regions between the two. Brief History (Since World War 2) The Korean Peninsula was occupied by Japanese forces for 35 years, from 1910 until the end of WW2 in 1945. Due to existing agreements, Japanese forces in Northern Korea surrendered to the Soviets and those in South Korea to the United States. The Korean War (1950-1953) was an attempt...
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...China, Japan and South Korea are the big three in Asia in terms of steel industry. Since 2008 these three East Asian steel giants have accounted for over half of global steel consumption and supplied over half the world's steel. According to the China Iron & Steel Association, China produces about half the world’s steel and exports are on pace to exceed 80 million tons this year Competition between these countries is very tough right now due to the devaluation of the yuan and it will cause the disruption of the steel exports of Japan and South Korea. This is a great move for the Chinese steel exporters because this will increase the export percentage of China for it will lower the price of the Chinese steel which will intensify its demand and supply. Also Japan, South Korea and other countries are worrying about their sales because of the dominance of China. If I am a businessman I would prefer the steel which were from China because I will save more money since the value of the yuan is devaluating and I will grab this opportunity to buy in glut so that I will not have a hard time if I will be needing more steel. As what Tatsuro Kano had stated it could affect the Japanese market in terms of imports from China because more businessmen will patronize the steel from China since it’s cheaper than any other steel. In my own opinion, I think there are some points to consider; First, for me it is a very strategic move of China to defeat it competitors because the value of their...
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...Journal 3 In the article, “What are the chances Paul the octopus is right?” by Sarah Shenker and “Octopus Beats ‘Vampire Squid’ as Goldman Falls Short in World Cup” by Neelabh Chaturvedi, we are exposed about Paul, the octopus, forecasting accurate results for six of Germany’s World cup games. Learning about probabilities in class, we are trying how we can interpret rules and terms about probability to Paul the octopus selecting the winning team. In the BBC article, Sarah Shenker states, “[Paul] had a 1/64 chance of predicting six correct outcomes.” The author reaches the probability of 1/64 by multiplying the chances of predicting for each game. For example, in the article, Paul had a 1/2 chance of predicting the first game correctly, 1/4 chance of predicting the first two games, and 1/8 chance of predicting all the first three games. Because Paul the octopus only has 50% or 1/2 chance of predicting the winning team between the two options, we would just multiple another 50% or 1/2 to the previous game. With this example, the author multiplied 1/2 for each additional game which, resulted with the 1/64 chance for predicting all six correct outcomes. If I wanted to create my own predicting octopus for the 2019 World Cup, I would set up my “experiment,” by using the same system as Paul the Octopus, but I would add “draw” as one of the choices for the prediction. So, in the tank, I would drop two clear boxes decorated with different team flags on the front containing food inside...
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...AMERICAN INVOLVEMENT RELATED TO COMMON PROBLEMS OF CHINA, JAPAN AND NORTH KOREA This paper identifies some common issues that East Asian countries are struggling to deal with and how they are unique in some aspects and similar in others to problems that Western nations face. This paper focuses on the countries of China, Japan and North Korea and look primarily at the issues that arise from these nations’ struggle to shape their national identity on the world stage as well as how these nations are dealing with the ever increasing force of globalization. This paper also looks at the role that the United States plays in shaping or dealing with these issues, as well as how an American citizen might play a role in perpetuating or resolving these dilemmas. Through this work it should be made more clear what problems East Asian nations share and reveal that they must deal with them in a way that is both uniquely domestic but also influenced by factors that arise from the United States and other International actors. Common Problems in China, Japan and North Korea and American Involvement There are two major dilemmas that are addressed in this paper that are shared by these three nations. The first can be identified as an issue of International Sovereignty where these countries all have a vested interest in exerting their will in the international arena but all have limited ways of making this happen. Associated with the issue of establishing their sovereignty ...
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...The Japanese occupied Korea in 1910 after many years of struggle between different countries. Throughout the centuries there were multiple events that lead to this colonization. The events became disordered in 1864, when King Kojong ascended to the throne. He was too young, so his father Taewon-gun became the de facto ruler. His goals were to re-establish the power of the government, develop a policy of national exclusionism and continue to persecute the Catholics. During his rule, western men came in search of trade, but the Taewon-gun refused them. Japan repeatedly made attempts to establish political relations with Korea but they continually refused. In return the Japanese declared war on Korea. Meanwhile, the Taewon-gun felt as if he was an enormous financial burden on the people, so he handed over his power in 1874 to Kojong. When Kojong was in power he followed his father’s actions and refused to sign the treaties. This provoked Japan to fire on Korea and forced them to sign. The treaty then opened ports for Japan to trade and gave Japanese power in the south. The growing Japanese presence in Korea upset the rulers of China. Confrontation between Japan and China eventually broke out war in 1884. Japan emerged victorious and the two aggressors signed the Treaty of Shimonoseki, which recognized Japanese domination in Korea. Russia had a dream of southward expansion in East Asia, and with Japan’s dominance in the peninsula it was slowly becoming impossible. They then...
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...Initiated by the spread of Korean dramas across East, South, and Southeast Asia, Hanryu solidified its impact through the spread of Korean pop music. The “Hanryu” wave has spread throughout Japan, China, Egypt, Iran, Iraq, Turkey, Australia, and to may more regions. “Hanryu” has formed a wave of cultural exchange across the globe, significantly promoting mutual understanding and improving inter-country relationships. “Hanryu” was a sensational trend of 21st century in Asia. Out of all the countries Hanryu was introduced to, Japan exhibited a very special attitude – contempt. The idea of Hanryu even initiated street protests and demonstration involving hundreds of people in Japan. Why? Why was Japan the only country reluctant to accept this new phenomenon? The most compelling reason of this modern case can be found, ironically, in the events that happened almost a century ago: the Japanese Imperial Period. From 1876 to 2014, Japan and Korea has come all the way from the Japanese Imperial Period to the emergence of “Hanryu.” Some say “Hanryu” has finally enclosed the gap history has created between Korea and Japan. However, I argue otherwise. Japanese Imperial Period: cause and effect Also called Korea under Japanese rule, the Japanese Imperial Period officially marked its beginning with the Japan-Korea Treaty of 1876, with which Japanese officials sought to...
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...their property or restrict use of his/her assets which would then reduce the value of the firm (Howell, 2014). 3.1 Political Environment and Risk in Japan Japans political environment is among the most stable in the world based upon the fact that the World Bank has ranked Japan in the top quartile in all areas of governance as can be seen in figure *INSERT FIGURE NUMBER*. Graph retrieved from Finance for Australian Exporters Graph retrieved from Finance for Australian Exporters Figure 1- Governance Indicators in Japan Sourced from Finance for Australian Exporters, 2015 Additionally, the World Bank has also rated Japan 29th out of 189 economies in ease of doing business. Australia has a major foreign trade incentive with Japan as the free trade agreement between Australia and Japan which came into effect in January 2015 allows 97% of Australian exports preferential treatment or duty free access into Japanese markets (Export Credit Agency, 2015). Japans stable political environment and Australia’s positive relationship positions the country’s political risk as low. 3.2 Political Environment and Risk in South Korea According to World Bank, South Korea scores in the top 50% in all areas of governance, however it is not quite up to par with other advanced economies (refer to figure 2). The instability in North Korea does, however, pose the most significant circumstantial risk. Paired with the deterioration with South...
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...MUJI Case Study in China, Korea, and Japan Professor: Chun Zhang Date: 03/15/2014 Team Member: Anqi Liu Jiayuan An Jing Zhou Rui Zhao Dongyang Zhang Table of Contents: Introduction……………………………………………………………………………3 Company and Product…………………………………………...……….……………3 Evaluating Market Attractiveness…………………………………………………..4 Country Identification…………………………………………………………………5 Political Risk………………………………………………………...………………..5 Environmental Factor………………………………….……………..………………6 Preliminary Screening…….………………….…………………….……………….6 Country Rankings……………………………….……………………………………7 Cost of Transportation………………………….…………………….………………8 In-Depth Screening Criteria………………….………….….………………………8 Market Size and Growth………………………..……………..………………………9 Competitive Intensity…………………………..………………...……………………9 Segmentation……………………………………………….….……………………10 Appendix………………………………….…………………………………………12 Work Cited……………………………………..………………….………………...14 Introduction MUJI is distinguished by its design minimalism, emphasis on recycling, avoidance of waste in production and packaging, and no-logo or "no-brand" policy. The name MUJI is derived from the first part of Mujirushi Ryōhin, translated as No Brand Quality Goods. If people say it is a brand, it is better to say MUJI is a philosophy of life. MUJI does not emphasize the so-called fashion sense or personality nor endorses popular brands should raise his status. On the contrary, MUJI is coming from the consumer point of view to develop products that "plain handy". ...
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... Global Trade Research Assignment #2 Research Outline 1 Oct. 14, 2012 Professor Floyd Simpkins St. Clair College COUNTRY A: JAPAN 1. Political Environment Political Stability: Political stability of the country indicates towards the positive or negative affect on the Trade of a particular product. Our product is Canadian chocolate which can have a great potential to perform business in Japanese market because of its strong Political Stability. The Political Stability is based on a given country's record of peaceful transitions of power, ability of a government to stay in office and carry out its policies vis a vis risk credible risks of government collapse. Japan’s Political Stability index is 9 on a scale of 10. This shows a high Political stability. (Watch, 2011-2012) Barrier: Import Tariff Rate: 10% (Tariff, 2011) Risks: • Strict Trade policy for chocolate trading. • Diplomatic events in surrounding countries, results in less trade. Opportunities: Japan is the world’s fifth largest agri-food importer and one of the most significant export destinations for Canadian agri-food products. More and more Japanese consumers are willing to pay a premium price for quality food with healthy ingredients, as these consumers are increasingly interested in their health. This makes Japan a potentially attractive market for Canadian exporters of high-quality chocolate and products used as ingredients in cereal bars. There may also be more...
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...and got the best artist in Japan. Also, he was the record holder as the best-selling C-pop artist in Korea. His record had not broken by others. However, it changes, the idols in Hong Kong are not popular as than the Japanese and Korean idol nowadays. In can be seen from the charts 2.1that the about half of our interviewees like to listen the Korean music. 36% of them like the Japanese music. But only 16% of them like Canton pop. In addition, there are only 11 of interviewees, their idols is from Hong Kong. However, compare to Japan and Korea, there are around 39 of interviewees’ idols from Japan and Korea (Figure 2.2). The most interviewees said the reason why they like Japanese idols and Korean idols more Hong Kong idols is that they were multifaceted development (Figure 2.3). Most of idols from Japan or Korea, they are not just only well in singing, but also well in dancing, drama, films and host. For instance, Arashi and Super Junior are the popular idol group from Japan and Korea. However, look back to Hong Kong idols nowadays, the idols seldom doing the music, film, drama and host at the same time. They just only having one talent, this is not enough to attract fans and satisfy their demand nowadays. The second is idols’ image. Most of Korean and Japanese idol are quite healthy. However, Hong Kong idols’ image not much good, like Edison Chen, because of his sex photo scandal in 2008. And other example is Jill M. Vidal, who arrested in Japan 2009 because she took drugs...
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...Japan’s Colonization of Korea: Control by Coercion The colonization of Korea by Japan had a major affect on the direction and development of Korea. It changed Korea’s history and caused a major upheaval in Korean society. However, the ultimate question is whether or not any good came of this brutal period of Korea’s past. The merciless and inhumane conditions Koreans endured caused great suffering that surpass any positive change implemented by Japan. It is a common misconception that Korea was a backward, dirty, uncivilized nation before Japan came and rescued it. Korea was in the process of modernizing on its own, despite their slow, problematic, difficult efforts, it was progress nonetheless. It is impossible to say what Korea could have done on its own because Japan stepped in and derailed the process. Since Korea was an agricultural country, Japan converted Korea “into a market for their goods, a source of inexpensive raw materials and labor, a place for capital investment and a strategic military point in the Far East” (Korean Communist Platform 464). The aim for Japanese expansion corrupted the lives of all Koreans because the Japanese invaded Korea and demanded control. The Japanese developed an infrastructure of roads, railroads and harbors to maximize profit and trade. Koreans had no choice in the matter and were forced to give up their land when the Japanese conducted land surveys. The Japanese wanted to “record the ownership of each farm property” to determine...
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...comprehend the unique nature of this Korean management system, we performed an in-depth analysis on its performance. The external environment of the Korean management system is a crucial factor in understanding it. In this kind of environment, the role of government is prominent because without active support from the government, no enterprise can survive and prosper. The government, in return, demands some favors from these enterprises, making this a quid pro quo, a unique feature of the Korean management system. We will discuss extensively the relationship between government and business to understand the Korean management system. Because South Korea is a rapidly changing society, variable sources of information like newspapers and weekly and monthly magazines were integrated into this book. Of course, we also used books published in South Korea and elsewhere for developing a conceptual framework of the...
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