Korea depression -Group 2

1. Description

Although the Korea economy was picked up from the IMF crisis in 1997, there are many signs that the Korea economy would be in the crisis financially because Korea economy are not strong enough to stand along. In other words, Korea economy would be affected by other countries’ issues. First, threaten of North Korea’s Nuke causes that FDI would live from the South Korea market due to instability of security. Secondly, China’s growth is affecting Korean economy too. And also the US does not support South Korean as before. South Korea is located between China and Japan. Although South Korea’s IT technology is higher than China, they are behind to Japan. And China’s manufacture industries are already above to South Korea. They are in the middle so South Korea should find the firm role among Japan and China before FTA agreement is occurred

2. Enablers

- Threaten of North Korea’s Nuke - Leave FDI - Weak dollar - FTA among three countries - China’s booming after 2008 Olympic game - Shortage of trade - Collapse of North Korea regime

3. Inhibitors

- Disappearing the bubble if China’s economic - FDI would leave instability of China’s security - Re-unification South and North Korea then Korea would take important role because of its location.

4. Paradigms

If there is another financial crisis in South Korea, it would be hard to pick up its economic as before. South Korea have to depend more on the US and China. If South Korea could not aid North Korea, then China would want to control North Korea, and the US would take South Korea as well.

5. Experts

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6. Timing

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7. Web Resources

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