Wal-Mart fails in South Korea. As a student of business and a resident of Asia, I am fascinated by the examples of "foreign" businesses who either succeed or fail in Asian markets. Recently, Vodafone failed in Japan but in a strange twist has signed a J-V with Softbank to keep their presence in Japan. eBay failed in Japan as did Memoirs of a Geisha. I'd love to have a discussion on the successes AND failures of non-Asian businesses in Asian markets and what, if any, lessons can be taken away for those of us who are in Asian markets or wish to enter Asian markets. (Yes, I realize that "Asia" is too broad of a region but I don't want to limit the discussion to just one nation.)
Four Decades in North Korea: The Far Eastern Economic Review interviews Charles Robert Jenkins, who deserted the US Army in South Korea in 1965 and spent almost 40 years in North Korea. Enjoy a fascinating story that parallels the history of the Cold War and is still unfolding.