Ing-Yeo Subjectivity and Youth Culture In

Total Page:16

File Type:pdf, Size:1020Kb

Ing-Yeo Subjectivity and Youth Culture In Being Surplus in the Age of New Media: Ing-yeo Subjectivity and Youth Culture in South Korea A Dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy at George Mason University by Sangmin Kim Master of Arts Seoul National University, 2002 Bachelor of Science Korea Advanced Institute of Science and Technology, 1993 Director: Hugh Gusterson Affiliate Faculty, Cultural Studies, George Mason University Professor, Anthropology and International Affairs, George Washington University Fall Semester 2015 George Mason University Fairfax, VA This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License ii DEDICATION This dissertation is dedicated to my parents, Boosoo Kim and Chaerip Song, and my parents-in-law, Chungsik Yu and Myungja Woo. iii ACKNOWLEDGEMENTS I am honored to have worked with my dissertation committee. I would first like to express my sincere gratitude to my academic advisor and dissertation chair, Hugh Gusterson. His thorough scholarship and social engagement as a social scientist serve as a model for my academic life. I would like to thank Alison Landsberg and Tim Gibson for their generous and encouraging feedback as well as inspiring teaching in visual culture and media studies. In addition, I would like to thank Roger Lancaster, Denise Albanese, and Paul Smith for introducing me to the fascinating field of cultural studies. I am indebted to my many colleagues in the cultural studies program. I am especially grateful to my mentor Vicki Watts, who supported and encouraged me to overcome hardships during my early years. Rob Gehl, Jarrod Waetjen, Nayantara Sheoran, Fan Yang, Jessi Lang, Randa Kayyali, Cecilia Uy-Tioco, David Arditi, Dava Simpson, Ozden Ocak, and Adila Laïdi-Hanieh have all been wonderful colleagues. I am also grateful to my Korean colleagues, Young-A Chung and Gyu Tag Lee, for their camaraderie. I was very fortunate to have a chance to work with Anne Schiller and Minkyung Park in the Office of Global Strategy at Mason. Thanks to them, I was able to contribute to building and opening Mason’s Korea Campus. I will never forget that initial year working with Matthew Zingraff, the first president of Mason Korea. I really appreciate his leadership and generosity. I would also like to thank Jiye Chang, Sharon Kim, Rev. Andrew Gil, Handeok Yu, Josh Park, and Erica Yoo for their enormous efforts and support for the new campus. Many people helped me during my field research in South Korea. In particular, I would like to thank Wook-Inn Paik and Kwang-Suk Lee at Seoul National University of Science and Technology for providing me many opportunities to participate in Korean academic networks. I am also grateful to Yeran Kim and Dongwon Cho, who shared their thoughts and knowledge on new media with me in a seminar on Bit Political Economy. This dissertation was also significantly enriched through my conversations with anonymous ing-yeo interviewees. I thank them for their ing-yeo-ryeok. My parents and parents-in-law have always been supportive and patient during my graduate years, and this dissertation would not exist without them. I thank my sister for encouraging me to pursue my Ph.D. I owe my every achievement to my dear wife Jiun Yu and my lovely two kids Yunsa and Jay, and thank them for their unconditional love and inexhaustible inspiration. iv TABLE OF CONTENTS Page List of Tables .................................................................................................................... vii List of Figures .................................................................................................................. viii Abstract .............................................................................................................................. ix Introduction ......................................................................................................................... 1 Who or What is Ing-yeo? ................................................................................................ 5 Theoretical Framework ................................................................................................. 12 Emergence of Ing-yeo Subjects in Korea ...................................................................... 16 Objectives and Methods ................................................................................................ 32 Outline of Chapters ....................................................................................................... 40 Chapter 1. Generation without Exit in Neoliberal Society ............................................... 44 1.1. Self-improvement Culture ...................................................................................... 45 1.2. Subject without Subjectification ............................................................................ 53 1.3. Imagination of Class through Technology ............................................................. 66 Chapter 2. New Media Technologies for Ing-yeo ............................................................ 73 2.1. State-led Construction of ICT Infrastructure ......................................................... 74 2.2. 1997 Financial Crisis and Introduction of Neoliberalism ...................................... 81 2.3. Networks of Friendship: PC Bang and StarCraft ................................................... 92 2.4. Imagined Cyber Communities ............................................................................. 104 Chapter 3. Ing-yeo Culture ............................................................................................. 122 3.1. Self-recognition of the Subject as Ing-yeo ........................................................... 123 3.2. Economic and Cultural Ing-yeo ........................................................................... 134 3.3. Ing-yeo Time, Ing-yeo-ryeok and Ing-yeo-jit ...................................................... 149 3.4. Anxious and Precarious Life ................................................................................ 166 3.5. In Search of Happiness ......................................................................................... 175 Chapter 4. Precarious Subjects in New media ................................................................ 183 4.1. A Feeling of Being Surplus .................................................................................. 184 v 4.2. Precariat: Subject of Impossible (Re-)Production ................................................ 188 4.3. Digital Proletariat and Cognitive Surplus ............................................................ 197 4.4. People Deprived of Attention ............................................................................... 208 4.5. Capture of Ing-yeo in the Circuit of Drive ........................................................... 216 4.6. Crisis in the Production of Subjectivity ............................................................... 228 Conclusion: What Does It Mean to Be Ing-yeo? ............................................................ 233 Becoming Ing-yeo ....................................................................................................... 234 Ing-yeo Politics ........................................................................................................... 236 Living as a Bug in Hell-Joseon ................................................................................... 240 Distribution of Ing-yeo through the Net ...................................................................... 246 Appendices ...................................................................................................................... 251 Glossary .......................................................................................................................... 255 References ....................................................................................................................... 257 vi LIST OF TABLES Table Page Table 2.1 Ranks of Korea in International Informatization Indices ................................. 80 vii LIST OF FIGURES Figure Page Figure 2.1. Number of Internet Users and PC Bangs in Korea. ....................................... 86 Figure 2.2. Unemployment Rates. .................................................................................... 87 Figure 2.3. Cyworld’s Minihompy. ................................................................................ 106 Figure 2.4. Gaejugi, the Mascot of DC Inside, and Its Parody Image. ........................... 112 Figure 4.1. Rate of Non-regular to Whole Employment (%). ........................................ 191 Figure 4.2. Number of Non-regular Employment (thousand). ....................................... 191 viii ABSTRACT BEING SURPLUS IN THE AGE OF NEW MEDIA: ING-YEO SUBJECTIVITY AND YOUTH CULTURE IN SOUTH KOREA Sangmin Kim, Ph.D. George Mason University, 2015 Dissertation Director: Dr. Hugh Gusterson In the late 2000s in South Korea, a social phenomenon emerged of youth who call themselves “ing-yeo,” or “surplus human being.” This dissertation argues that this term is in fact an expression that properly reflects these youths’ political-economic reality and their characteristics in cultural activities. Since the late nineties, with increased productivity through technological development and the introduction of neoliberal policies, Korean society has faced a situation in which more and
Recommended publications
  • Quellen Vortrag “Japans Neue Konsumenten“ Von Prof. Dr
    Quellen Vortrag “Japans neue Konsumenten“ Von Prof. Dr. Parissa Haghirian Abe, R. 2019. 40% of Japan's households in 2040 predicted to have only one member. The Mainichi, April 20, 2019. Accessed December 15, 2020. https://mainichi.jp/english/articles/20190420/p2a/00m/0na/006000c. A.T. Kearney 2017. 未来の消費者に関するグローバル調査. Accessed December 9, 2020. file:///C:/Users/Parissa/Desktop/2020_Expert%20Report%20Japanese%20Consumers/Lit eratur/futurewatchconsumertrendsandlifestylesinjapan-190318140113.pdf. beautyTech.Jp 2020. Smooth operators: Japan’s male skincare market “growing slowly but surely”. www.medium.com, August 6, 2020. Accessed January 15, 2021. https://medium.com/beautytech-jp/smooth-operators-japans-male-skincare-market- growing-slowly-but-surely-2a019ac29698. Behuhuma, P. 2020. TARGET CUSTOMERS in JAPAN: Why you need Japanese millennials for a successful business. Kartz Media Works, April 30, 2020. https://kartzmedia.com/2020/04/30/target-customers-in-japan-why-you-need-japanese- millennials-for-a-successful-business/. Biondi, A. and L. Maguire 2020. How to appeal to Gen Z in Asia. Vogue Business, November 6, 2020. Accessed December 20, 2020. https://www.voguebusiness.com/consumers/how-to-appeal-to-gen-z-in-asia. Business Insider 2020. The 18 countries with the most millionaires, ranked. Accessed November 2020. https://www.businessinsider.de/international/countries-with-most- millionaires-2017-4/?r=US&IR=T Cabinet Office Japan 2020. https://www.cao.go.jp/index-e.html. Accessed December 27, 2020. Carter JMRN 2019. Turning Silver into Gold: Marketing to Japan’s Dynamic Seniors. Carter JMRN, September 17, 2019. Accessed January 15, 2021. https://www.carterjmrn.com/blog/senior-market-buying-habits-japan/.
    [Show full text]
  • From Opinions to Images: Essays Towards a Sociology of Affects Ulus S
    FROM OPINIONS TO IMAGES: ESSAYS TOWARDS A SOCIOLOGY OF AFFECTS ULUS S. BAKER EDITED BY ARAS ÖZGÜN AND ANDREAS TRESKE A SERIES OF READERS PUBLISHED BY THE INSTITUTE OF NETWORK CULTURES ISSUE NO.: 37 FROM OPINIONS TO IMAGES: ESSAYS TOWARDS A SOCIOLOGY OF AFFECTS ULUS S. BAKER EDITED BY ARAS ÖZGÜN AND ANDREAS TRESKE FROM OPINIONS TO IMAGES 2 Theory on Demand #37 From Opinions to Images: Essays Towards a Sociology of Affects Ulus S. Baker Edited by Aras Özgün and Andreas Treske Cover design: Katja van Stiphout Design and EPUB development: Eleni Maragkou Published by the Institute of Network Cultures, Amsterdam, 2020 ISBN print-on-demand: 978-94-92302-66-3 ISBN EPUB: 978-94-92302-67-0 Contact Institute of Network Cultures Phone: +31 (0)20 595 1865 Email: [email protected] Web: http://www.networkcultures.org This publication is available through various print on demand services. EPUB and PDF edi- tions are freely downloadable from our website: http://www.networkcultures.org/publications. This publication is licensed under the Creative Commons Attribution-NonCommer- cial-NoDerivatives 4.0 International. FROM OPINIONS TO IMAGES 3 Cover illustration: Diagram of the signifier from Deleuze, Gilles and Félix Guattari, A Thousand Plateaus: Capitalism and Schizophrenia. Minneapolis: University of Minnesota Press. 1987. 4 THEORY ON DEMAND CONTENTS PASSING THROUGH THE WRITINGS OF ULUS BAKER 5 1. A SOCIOLOGY OF AFFECTS 9 2. WHAT IS OPINION? 13 3. WHAT IS AN AFFECT? 59 4. WHAT IS AN IMAGE? 86 5. TOWARDS A NEO-VERTOVIAN SENSIBILITY OF AFFECTS 160 6. ON CINEMA AND ULUS BAKER 165 BIBLIOGRAPHY 180 BIOGRAPHIES 187 FROM OPINIONS TO IMAGES 5 We have lived at least one century within the idea of opinion which determined some of the major themes in social sciences..
    [Show full text]
  • Birth and Evolution of Korean Reality Show Formats
    Georgia State University ScholarWorks @ Georgia State University Film, Media & Theatre Dissertations School of Film, Media & Theatre Spring 5-6-2019 Dynamics of a Periphery TV Industry: Birth and Evolution of Korean Reality Show Formats Soo keung Jung [email protected] Follow this and additional works at: https://scholarworks.gsu.edu/fmt_dissertations Recommended Citation Jung, Soo keung, "Dynamics of a Periphery TV Industry: Birth and Evolution of Korean Reality Show Formats." Dissertation, Georgia State University, 2019. https://scholarworks.gsu.edu/fmt_dissertations/7 This Dissertation is brought to you for free and open access by the School of Film, Media & Theatre at ScholarWorks @ Georgia State University. It has been accepted for inclusion in Film, Media & Theatre Dissertations by an authorized administrator of ScholarWorks @ Georgia State University. For more information, please contact [email protected]. DYNAMICS OF A PERIPHERY TV INDUSTRY: BIRTH AND EVOLUTION OF KOREAN REALITY SHOW FORMATS by SOOKEUNG JUNG Under the Direction of Ethan Tussey and Sharon Shahaf, PhD ABSTRACT Television format, a tradable program package, has allowed Korean television the new opportunity to be recognized globally. The booming transnational production of Korean reality formats have transformed the production culture, aesthetics and structure of the local television. This study, using a historical and practical approach to the evolution of the Korean reality formats, examines the dynamic relations between producer, industry and text in the
    [Show full text]
  • Prism Vol. 9, No. 2 Prism About Vol
    2 021 PRISMVOL. 9, NO. 2 | 2021 PRISM VOL. 9, NO. 2 NO. 9, VOL. THE JOURNAL OF COMPLEX OPER ATIONS PRISM ABOUT VOL. 9, NO. 2, 2021 PRISM, the quarterly journal of complex operations published at National Defense University (NDU), aims to illuminate and provoke debate on whole-of-government EDITOR IN CHIEF efforts to conduct reconstruction, stabilization, counterinsurgency, and irregular Mr. Michael Miklaucic warfare operations. Since the inaugural issue of PRISM in 2010, our readership has expanded to include more than 10,000 officials, servicemen and women, and practi- tioners from across the diplomatic, defense, and development communities in more COPYEDITOR than 80 countries. Ms. Andrea L. Connell PRISM is published with support from NDU’s Institute for National Strategic Studies (INSS). In 1984, Secretary of Defense Casper Weinberger established INSS EDITORIAL ASSISTANTS within NDU as a focal point for analysis of critical national security policy and Ms. Taylor Buck defense strategy issues. Today INSS conducts research in support of academic and Ms. Amanda Dawkins leadership programs at NDU; provides strategic support to the Secretary of Defense, Chairman of the Joint Chiefs of Staff, combatant commands, and armed services; Ms. Alexandra Fabre de la Grange and engages with the broader national and international security communities. Ms. Julia Humphrey COMMUNICATIONS INTERNET PUBLICATIONS PRISM welcomes unsolicited manuscripts from policymakers, practitioners, and EDITOR scholars, particularly those that present emerging thought, best practices, or train- Ms. Joanna E. Seich ing and education innovations. Publication threshold for articles and critiques varies but is largely determined by topical relevance, continuing education for national and DESIGN international security professionals, scholarly standards of argumentation, quality of Mr.
    [Show full text]
  • The Korean Internet Freak Community and Its Cultural Politics, 2002–2011
    The Korean Internet Freak Community and Its Cultural Politics, 2002–2011 by Sunyoung Yang A thesis submitted in conformity with the requirements for the degree of Doctor of Philosophy Graduate Department of Anthropology University of Toronto © Copyright by Sunyoung Yang Year of 2015 The Korean Internet Freak Community and Its Cultural Politics, 2002–2011 Sunyoung Yang Doctor of Philosophy Department of Anthropology University of Toronto 2015 Abstract In this dissertation I will shed light on the interwoven process between Internet development and neoliberalization in South Korea, and I will also examine the formation of new subjectivities of Internet users who are also becoming neoliberal subjects. In particular, I examine the culture of the South Korean Internet freak community of DCinside.com and the phenomenon I have dubbed “loser aesthetics.” Throughout the dissertation, I elaborate on the meaning-making process of self-reflexive mockery including the labels “Internet freak” and “surplus (human)” and gender politics based on sexuality focusing on gender ambiguous characters, called Nunhwa, as a means of collective identity-making, and I explore the exploitation of unpaid immaterial labor through a collective project making a review book of a TV drama Painter of the Wind. The youth of South Korea emerge as the backbone of these creative endeavors as they try to find their place in a precarious labor market that has changed so rapidly since the 1990s that only the very best succeed, leaving a large group of disenfranchised and disillusioned youth. I go on to explore the impact of late industrialization and the Asian financial crisis, and the nationalistic desire not be left behind in the age of informatization, but to be ahead of the curve.
    [Show full text]
  • The Changing Role of Employment Status in Marriage Formation Among Young Korean Adults
    DEMOGRAPHIC RESEARCH VOLUME 36, ARTICLE 5, PAGES 145-172 PUBLISHED 10 JANUARY 2017 http://www.demographic-research.org/Volumes/Vol36/5/ DOI: 10.4054/DemRes.2017.36.5 Research Article The changing role of employment status in marriage formation among young Korean adults Keuntae Kim ©2017 Keuntae Kim. This open-access work is published under the terms of the Creative Commons Attribution NonCommercial License 2.0 Germany, which permits use, reproduction & distribution in any medium for non-commercial purposes, provided the original author(s) and source are given credit. See http:// creativecommons.org/licenses/by-nc/2.0/de/ Contents 1 Introduction 146 2 Background 146 3 Socioeconomic context of young adults in Korea 148 4 Data and methods 152 4.1 Data 152 4.2 Measures 153 4.3 Analyses 159 5 Results 159 6 Discussion and conclusion 165 References 169 Demographic Research: Volume 36, Article 5 Research Article The changing role of employment status in marriage formation among young Korean adults Keuntae Kim1 Abstract BACKGROUND Despite a persistent decline in Korea’s marriage rates over the past three decades, there is a striking lack of research on the transition to marriage among young Koreans. Similarly, few studies have examined how economic determinants have evolved over the past several decades, even as the Korean social and socioeconomic structure has undergone substantial transformation. METHODS This paper examines changes over time in the determinants of marriage formation in Korea, using employment history data from the Korean Labor and Income Panel Study (KLIPS) on three cohorts of young adults born in the 1950s‒1970s.
    [Show full text]
  • Fiscal Pide Destituir a 33 Magistrados
    MARACAIBO, VENEZUELA · MARTES, 13 DE JUNIO DE 2017 · AÑO IX · Nº 3.123 CIRCULACIÓN VERIFICADA POR EL COMITÉ CERTIFICADOR DE MEDIOS ANDA-FEVAP PV JUSTO LUNES A DOMINGO BS. 500,00 GOBIERNO BÉISBOL Mil kilos de cocaína había ODÚBEL SE MANTIENE DIOSDADO CABELLO APLAUDE en un barco venezolano INSPIRADO EN EL PLATO LA “PARTICIPACIÓN” SOCIAL EN 200 detenido en España. 30 PROCESO CONSTITUYENTE. 5 EN LO QUE VA DE MES. 27 TSJ DECLARA INADMISIBLE RECURSO CONTRA LA CONSTITUYENTE Fiscal pide destituir a 33 magistrados FUERZA ARMADA RENUNCIA SECRETARIO La funcionaria introdujo un recurso de Sala Electoral rechazó su acción contra la ANC DEL CODENA POR impugnación contra los juristas, electos por por “inepta acumulación de pretensiones”. RECHAZO A LA ANC el chavismo en 2015. Denuncia que su falta de Ortega Díaz responsabiliza al Ejecutivo por lo 4 “idoneidad y parcialidad” acelera la crisis. que pueda pasarle a su familia y a ella 2 JUICIO VIOLENCIA JUEZA REBAJARÍA CALIFICACIÓN DE DELITO COLECTIVOS AGREDEN A EN CASO PAÚL MORENO LA PRENSA Y OPOSITORES 31 EN CERCANÍAS DEL TSJ P. 3 SALUD CONFIRMAN CIERRE DE LOS PABELLONES DE TRES CLÍNICAS 8 EL FUTURO VINOTINTO ESTÁ GARANTIZADO El desempeño excepcional de Foto: Javier Plaza la Vinotinto Sub-20 garantiza la lucha por un puesto en el Mundial MÁS REPRESIÓN EN LA CASA DE LAS LEYES de Catar 2022. Los héroes de Corea llegan hoy a Venezuela. La movilización opositora hasta los tribunales de Banco Mara culminó 25 en enfrentamientos. MUD denuncia complicidad de magistrados. 3 CRISIS RECLAMO SEQUÍA SERVICIOS El precio del kilo DENUNCIAN RECHAZO DE SANTA CRUZ DE RECLAMAN FALLAS EN CARTAS DE CONCUBINATO MARA PASA HASTA 50 % DEL TRANSPORTE NOTARIADAS 15 DÍAS SIN AGUA EN SAN FRANCISCO de pollo se dispara 9 9 11 a 12.000 bolívares FÚTBOL La in ación no encuentra un muro de dor de los 15.000 bolívares.
    [Show full text]
  • Jeju Island Rambling: Self-Exile in Peace Corps, 1973-1974
    Jeju Island Rambling: Self-exile in Peace Corps, 1973-1974 David J. Nemeth ©2014 ~ 2 ~ To Hae Sook and Bobby ~ 3 ~ Table of Contents Chapter 1 Flying to Jeju in 1973 JWW Vol. 1, No. 1 (January 1, 2013) ~17~ Chapter 2 Hwasun memories (Part 1) JWW Vol. 1, No. 2 (January 8, 2013) ~21~ Chapter 3 Hwasun memories (Part 2) JWW Vol. 1, No. 3 (January 15, 2013) ~25~ Chapter 4 Hwasun memories (Part 3) JWW Vol. 1, No. 4 (January 22, 2013) ~27~ Chapter 5 The ‘Resting Cow’ unveiled (Udo Island Part 1) JWW Vol. 1, No. 5 (January 29, 2013) ~29~ Chapter 6 Close encounters of the haenyeo kind (Udo Island Part 2) JWW Vol. 1, No. 6 (February 5, 2013) ~32~ Chapter 7 Mr. Bu’s Jeju Island dojang (Part 1) JWW Vol. 1, No. 7 (February 12, 2013) ~36~ Chapter 8 Mr. Bu’s dojang (Part 2) JWW Vol. 1, No. 8 (February 19, 2013) ~38~ Chapter 9 Mr. Bu’s dojang (Part 3) JWW Vol. 1, No. 9 (February 26, 2013) ~42~ Chapter 10 Mr. Bu’s dojang (Part 4) JWW Vol. 1, No. 10 (March 5, 2013) ~44~ Chapter 11 Unexpected encounters with snakes, spiders and 10,000 crickets (Part 1) JWW Vol. 1, No. 11 (March 12, 2013) ~46~ Chapter 12 Unexpected encounters with snakes, spiders and 10,000 crickets (Part 2) JWW Vol. 1, No. 12 (March 19, 2013) ~50~ Chapter 13 Unexpected encounters with snakes, spiders and 10,000 crickets (Part 3) JWW Vol. 1, No. 13 (March 26, 2013) ~55~ Chapter 14 Unexpected encounters with snakes, spiders and 10,000 crickets (Part 4) JWW Vol.
    [Show full text]
  • “PRESENCE” of JAPAN in KOREA's POPULAR MUSIC CULTURE by Eun-Young Ju
    TRANSNATIONAL CULTURAL TRAFFIC IN NORTHEAST ASIA: THE “PRESENCE” OF JAPAN IN KOREA’S POPULAR MUSIC CULTURE by Eun-Young Jung M.A. in Ethnomusicology, Arizona State University, 2001 Submitted to the Graduate Faculty of School of Arts and Sciences in partial fulfillment of the requirements for the degree of Doctor of Philosophy University of Pittsburgh 2007 UNIVERSITY OF PITTSBURGH SCHOOL OF ARTS AND SCIENCES This dissertation was presented by Eun-Young Jung It was defended on April 30, 2007 and approved by Richard Smethurst, Professor, Department of History Mathew Rosenblum, Professor, Department of Music Andrew Weintraub, Associate Professor, Department of Music Dissertation Advisor: Bell Yung, Professor, Department of Music ii Copyright © by Eun-Young Jung 2007 iii TRANSNATIONAL CULTURAL TRAFFIC IN NORTHEAST ASIA: THE “PRESENCE” OF JAPAN IN KOREA’S POPULAR MUSIC CULTURE Eun-Young Jung, PhD University of Pittsburgh, 2007 Korea’s nationalistic antagonism towards Japan and “things Japanese” has mostly been a response to the colonial annexation by Japan (1910-1945). Despite their close economic relationship since 1965, their conflicting historic and political relationships and deep-seated prejudice against each other have continued. The Korean government’s official ban on the direct import of Japanese cultural products existed until 1997, but various kinds of Japanese cultural products, including popular music, found their way into Korea through various legal and illegal routes and influenced contemporary Korean popular culture. Since 1998, under Korea’s Open- Door Policy, legally available Japanese popular cultural products became widely consumed, especially among young Koreans fascinated by Japan’s quintessentially postmodern popular culture, despite lingering resentments towards Japan.
    [Show full text]
  • Institutional Change in Japan
    Institutional Change in Japan After four decades of rapid growth that transformed Japan into a wealthy country at the world’s technological frontier, the decade of the 1990s brought prolonged economic stagnation. The rapid run-up in asset prices in the late 1980s, followed by their collapse in the early 1990s, left a debt overhang that paralyzed the economy. Policy reforms were initially half- hearted, and businesses were slow to restructure as the global economy changed. Indeed, Japan’s struggle has called into question the ability of the country’s economic institutions – originally designed to support factor accumulation and rapid development – to adapt to the new economic environment of the twenty-first century. Institutional Change in Japan analyzes institutional change within this period of economic transition. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, the amakudari system and marriage and family. Importantly this analysis is grounded in a broad historical and international context, with comparisons made to Meiji Japan as well as to recent economic and financial reforms in Korea, Switzerland and New Zealand. A leading field of international contributors contend that, contrary to conventional wisdom, there has been significant institutional change over the last decade. Institutional Change in Japan consequently offers a fresh perspective to the current debate that will be essential reading for those studying the Japanese economy, economic history/futures and institutional economics. Magnus Blomström is Professor of Economics at the Stockholm School of Economics and President of the European Institute of Japanese Studies. Sumner La Croix is Professor of Economics at the University of Hawaii- Manoa.
    [Show full text]
  • Why Are Nominal Wages Downwardly Rigid, but Less So in Japan? an Explanation Based on Behavioral Economics and Labor Market/Macroeconomic Differences
    Why Are Nominal Wages Downwardly Rigid, but Less So in Japan? An Explanation Based on Behavioral Economics and Labor Market/Macroeconomic Differences Sachiko Kuroda and Isamu Yamamoto In this paper, we survey the theoretical and empirical literature to investi- gate why nominal wages can be downwardly rigid. Looking back from the 19th century until recently, we first examine the existence and extent of downward nominal wage rigidity (DNWR) for several countries. We find that (1) nominal wages were flexible in the 19th century and the first half of the 20th century, but (2) nominal wages were downwardly rigid in almost all the industrialized countries in the second half of the 20th century, although (3) the extent of DNWR varied from country to country. Next, we use a behavioral economics framework to explain the reasons for DNWR. We also explain why the existence and extent of DNWR varied between time periods and/or from country to country, focusing on differences in the labor market characteristics (such as labor mobility and employment protection legislation) and in the macroeconomic environment (such as economic growth and inflation), which can alter employees’ and firms’ perceptions toward nominal wage cuts. Keywords: Downward nominal wage rigidity; Behavioral economics; Labor mobility; Employment protection legislation; Inflation rate; Indexation JEL Classification: E50, J30, N30, Z13 Sachiko Kuroda: Associate Professor, Hitotsubashi University (E-mail: [email protected]) Isamu Yamamoto: Associate Professor, Keio University (E-mail: [email protected]) The authors would like to thank Professors Steinar Holden (University of Oslo) and Fumio Ohtake (Osaka University), the participants at the third modern economic policy research conference, and the staff at the Institute for Monetary and Economic Studies, the Bank of Japan (BOJ), for their valuable comments.
    [Show full text]
  • Christian Communication and Its Impact on Korean Society : Past, Present and Future Soon Nim Lee University of Wollongong
    University of Wollongong Thesis Collections University of Wollongong Thesis Collection University of Wollongong Year Christian communication and its impact on Korean society : past, present and future Soon Nim Lee University of Wollongong Lee, Soon Nim, Christian communication and its impact on Korean society : past, present and future, Doctor of Philosphy thesis, School of Journalism and Creative Writing - Faculty of Creative Arts, University of Wollongong, 2009. http://ro.uow.edu.au/theses/3051 This paper is posted at Research Online. Christian Communication and Its Impact on Korean Society: Past, Present and Future Thesis submitted in fulfilment of the requirements for the award of the degree of Doctor of Philosophy University of Wollongong Soon Nim Lee Faculty of Creative Arts School of Journalism & Creative writing October 2009 i CERTIFICATION I, Soon Nim, Lee, declare that this thesis, submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy, in the Department of Creative Arts and Writings (School of Journalism), University of Wollongong, is wholly my own work unless otherwise referenced or acknowledged. The document has not been submitted for qualifications at any other academic institution. Soon Nim, Lee 18 March 2009. i Table of Contents Certification i Table of Contents ii List of Tables vii Abstract viii Acknowledgements x Chapter 1: Introduction 1 Chapter 2: Christianity awakens the sleeping Hangeul 12 Introduction 12 2.1 What is the Hangeul? 12 2.2 Praise of Hangeul by Christian missionaries
    [Show full text]