Whilst Valentine’s Day is widely celebrated in countries around the globe, White Day is only celebrated in a limited amount of countries in East Asia, including Japan. On March 14th, Japanese men will have the chance to dole out reciprocal gifts to those who gave them gifts on Valentine’s Day. These two special holidays have a strong bond with each other—the traditional Japanese Valentine’s celebration would not be complete without one of them.
Disruptions such as trade wars and a global pandemic have disclosed the vulnerability and interdependencies along multinational production networks more than ever before. Particularly firms active in China have now started looking into more resilient manufacturing and sourcing strategies and are eyeing Vietnam. A ”China + Vietnam strategy“, however, not only offers new opportunities, but also outlines the limits and dark sides of current modes in global production.
The Lunar New Year officially began two days ago—and yet another celebration is taking place today. While Lunar New Year is a holiday for family and friends, Valentine’s Day is a holiday for lovers. The style of celebration, however, differs slightly depending on where it is held. This time, let’s focus on how Valentine's Day is celebrated in Japan and what products are demanded by the Japanese market during this romantic consumption day.
The Lunar New Year reunites friends and family across East Asian countries. Like hardly any other festive seasons, this massive holiday carries not only a high traditional, but also a tremendous economic value for any country celebrating it. However, due to the ongoing pandemic, there are a lot of changes in the economic growth over the past year. Photo Credit: Fritz Hoffmann.
‘Population ageing’ is constituted by a shift in the population age structure towards higher ages, and is a modern global phenomenon. However, some countries are more affected than others. Case in point: Japan has the oldest population, one of the lowest fertility rates, and one of the highest consumption rates per child and elderly in the world. This has severe economic consequences, to the point where it challenges the Japanese welfare system.
Today, South Korea has one of the highest household debt burdens in the world with regard to its economic size. With income growth lagging behind the increase in debt, the debt-to-disposable income ratio is even at its highest since it began being recorded in 2007. The Korean government is now facing growing household debt in combination with an uncertain housing market. A question thus arises: what could this mean in the light of the current COVID-19 pandemic?
Small enterprise clusters in the sub-rural areas of Vietnam surprise with their seemingly counterintuitive but lucrative business logic. Unique skills, symbiotic collaboration patterns and market dynamics have often developed over centuries. But the face of clusters such as Bát Tràng ceramics village is changing, now more than ever in the light of resource exploitation, COVID-19 and the advent of technology.
Songdo International Business District is praised as a state-of-the art business hub and smart city project, equipped with the latest data technology and high sustainability standards. Skyrocketing buildings and aesthetically landscaped parks invite you to believe you are walking on the streets of the next urban utopia. But does Songdo really stand for a better, brighter and greener future?
