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The world as we knew it just a few months ago in January, when we last spoke with our Asian-markets expert Paul Kim, has completely changed. No one could have predicted the unprecedented nature of the economic, cultural, and geopolitical changes that the coronavirus pandemic has brought about. We're joined by Paul for an update on the Asian markets.
Paul is a graduate of the University of Chicago, with highest honors, and obtained his Juris Doctorate degree from Harvard University. Paul currently serves in private practice as a Corporate Partner in Sheppard Mullin's Seoul office advising clients on cross-border mergers and acquisitions (M&A), private equity, venture capital and securities transactions, restructurings and multi-jurisdictional disputes.
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What We Discuss in This Episode:
- What does the new normal routine look like in South Korea?
- What steps have Korea taken with regards to COVID-19 testing?
- Along with testing, how did Korea's prompt response of contact tracing help reduce the spread?
- While hotels and restaurants have suffered tremendously, how are other multinational companies faring in South Korea?
- What has the employment snapshot looked like? Are there any unemployment benefits?
- Has there been an effect on the supply and demand of products?
- While the world is focused on battling the coronavirus, what action has China taken with regards to Hong Kong?
- What has Japan done to combat the virus and return its economy to a stable condition?
- Is there a shift in economic power between Eastern and Western countries?
Originally published 6 May, 2020
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