August 27, 2014

Can Korea Tax Itself to Prosperity?

William Pesek, Bloomberg

The Associated Press

For a supposed conservative, South Korean President Park Geun Hye is considering a shocking proposal -- taxing companies for having too much money. She wants to slap a 10 percent levy on excessive cash piles, hoping that companies such as Samsung will instead choose to spend the money on higher wages and new investments to aid the flagging economy. It's a great idea, and one that some of Park's peers in Asia should consider -- including Japan's Shinzo Abe.

Read Full Article ››

TAGGED: Park Geun-hye, Taxes, South Korea


August 23, 2014
South Korea's Limited Options on Pyongyang
Hy-sang Lee, The Diplomat
Between UN sanctions and Pyongyang’s survival instincts, Seoul has fewer carrots to offer Pyongyang. more ››
August 20, 2014
Asia's Never-Ending War
Boston Globe
In the eyes of many Japanese, especially the right-wing voters who helped elect Abe, the annual controversy over visits by Japanese politicians to the shrine seems unfair. It honors the nation’s war dead, including top... more ››
August 20, 2014
Why a China-South Korea Alliance Won't Happen
Jin Kai, The Diplomat
Despite close ties, Beijing and Seoul’s divergent interests, as well as regional politics, preclude a formal alliance. more ››
August 15, 2014
North Korea's Dangerous Invasion Bluff
Christopher Lee, RealClearDefense
From weapons proliferation, to human rights matters, and to global security—North Korea is present. It is extremely difficult to find a major international issue in which North Korea is not playing a substantial role. ... more ››