Korean Job Discussion Forums

[kalbi]

Do you think this idea is feasible, or is it just talk? Do you think that a joint Asia currency would benefit Korea? How do you think such a change would affect our salaries and the cost of living here? Your comments/feelings!!
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http://english.chosun.com/w21data/html/news/200605/200605040024.html

Here's the text of the article from the ChosunIlbo:

Korea, China, Japan to Kickstart Single Asian Currency



Single Asian Currency Comes a Step Closer to Reality



Korea, China and Japan have agreed to start joint research at government level on introducing an Asian single currency comparable to the euro. Finance Minister Han Duck-soo made the agreement with his Chinese counterpart Jin Renqing and Japan�s Sadakazu Tanigaki on the sidelines of the 39th annual meeting of the Asian Development Bank in India.
This is the first time governments have decided to make concrete efforts toward the launch of the Asian currency unit (ACU), which only exists as a theoretical construct. So far, calls have mostly come from the private sector.

The three countries will set up a research team staffed by government officials and experts at public and private research institutes by the end of the year and come up with a framework for the ACU. The finance ministers agreed the research efforts should start at the ASEAN+3 Finance Ministers' Meeting.

While the ministers were on the same page in their optimism about the three countries� economic prospects this year, they warned that continuing high oil prices and rising interest rates worldwide pose a threat to the regional economy.

[flotsam]

I think it's a cool post topic but it's in the wrong forum, no?

[Son Deureo!]

[crazylemongirl]

Hmm against the backdrop of heightened nationalism in this region I don't know how it would work to implement. Anytime someone found something stupid in a Japanese textbook, China claimed some part of Korea from 5,000 years ago, or someone in Korea decided they didn't like Chinese Kimchi the negotiations would fall over.

I know this idea is floated around New Zealand and Australia for a long time. These countries have far more culturally in common and have had free trade of people and goods for 20 years still haven't implemented this. I'd say this area is even further behind. However if there is one thing this region is good at it's taking ideas from the west to get rich very quickly.

[flotsam]

[Privateer]

With 3 economies so different how could it ever work?

[jinju]

[Col.Brandon]

[mindmetoo]

[4 months left]

[flotsam]

[huffdaddy]

[mithridates]

How about start with Japan, Korea, Singapore and Hong Kong and tell the mainland that they're free to apply when they feel ready?

[mindmetoo]

[JongnoGuru]