The Year 2020 started with the COVID-19 pandemic. 

Everybody was suffered, and it was true. 

 

Wenzhou-Kean University international faculty members were not exceptions. They struggled to come back to campus. And they stayed on the campus since their arrival on campus. 

 

In Winter, no international faculty could go outside of Zhejiang province of China without special permission. 

 

Most of international faculty should stay at Wenzhou area in the gloomy winter. WKU HR, then, suggested and organized "Faculty Retreat" programs to culturalize and socialize international faculty members.

From the 2020 winter Faculty Retreat, Dr. Choi develop himself as a "New Media" expert through recording, archiving, and disseminating 'Wenzhou, China, Culture and Tradition" learning.

His archives are in the below website.
https://leadershipcenter.tistory.com/523

His new media contents are in the below Youtube channel.
https://www.youtube.com/watch?v=G4r6wcXkPjY&list=PL79LwjN0aQGBn88dcEPlaypTL3xA8qtdK&index=1&ab_channel=WKUCBPMSocialMediaLab

 

Program 1 (Line 1) went to Hendgian Film making sites (Chinese Hollywood) and Hot spring at Wuyi in Zhejiang province. 

 

 

This is the archived Photo and Video of the 2020 Winter WKU Faculty Retreat. 

 

Group Pictures: Hengdian Film-making sites (Ming and Ching Palace)

 

 

 



All Playlist of 2020 Winter WKU Faculty Retreats: 

www.youtube.com/playlist?list=PL79LwjN0aQGBn88dcEPlaypTL3xA8qtdK

 

2020 Winter Faculty Retreats

 

www.youtube.com

 

 

 

Day 1: Youtube: Hengdian, Film-making sites (Chinese Hollywood), Zhejiang

youtu.be/G4r6wcXkPjY

Day 1: Bilibili

www.bilibili.com/video/BV1kK4y1V7g3

 

2020Winter_Faculty_Retreat_Day1_Hengdian_哔哩哔哩 (゜-゜)つロ 干杯~-bilibili

 

www.bilibili.com

 

Day 2: Youtube: Visiting Jin Palace Replicate, Performance Watching.

youtu.be/7cq8KSqxBX0

 

Day 2: Bilibili: 

www.bilibili.com/video/BV1iK4y1V768

 

2020W_Faculty_Retreat_Day2_哔哩哔哩 (゜-゜)つロ 干杯~-bilibili

 

www.bilibili.com

 

Day 3: Youtube: Visiting Jin Yuan Architecture Museum at Wuyi. And moved to a Hot Spring at Niu Tou Mountain

youtu.be/iRYYQz0JIdw

Bilibili: 

www.bilibili.com/video/BV1wK4y1j7v3/

 

2020W_Faculty_Retreat_Day3_Censored_哔哩哔哩 (゜-゜)つロ 干杯~-bilibili

 

www.bilibili.com

 

Day 4: Youtube: 2020W Faculty Retreat Day4: Visiting Gallery Bridge and Dark Tea Museum

youtu.be/d3wZg6ztoHU

 

Day4: BiliBii: 

www.bilibili.com/video/BV1Eh411f7Cy

 

2020W_Faculty_Retreat_Day4_哔哩哔哩 (゜-゜)つロ 干杯~-bilibili

 

www.bilibili.com

 

Day 5: December 25, 2020, Faculty Retreat - Christmas Party at Ou River 

 

 

Day 5: Youtube: 2020 Winter Christmas Party at Ou River 

youtu.be/YdETsiLFKoY

 

Day 5 - Bilibili: 

www.bilibili.com/video/BV1ah411f7Ho/

 

2020Winter_Faculty_Retreat_Christmas_Day_Ou_River_哔哩哔哩 (゜-゜)つロ 干杯~-bilibili

 

www.bilibili.com

 

 

Special Thanks to WKU HR - Director Gordon and his lovely HR Ladies who organized, suggested, operated, and made these beautiful things happened! 

2020. 12. 25. 

 

 

 

Appendix: 

 

Mieke's Essays of Faculty Retreat 2021

 

Day 1: Hengdian

Mieke_Hengdian-trip2(1).pdf
6.35MB

 

 

===============

2020.12.26: Added Christmas Event

2020. 12. 25: Initially archived. 

 

 

 

 

 

 

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In 2020 Fall, the Chinese Immigrant Authority introduced the new Immigration Policies. 

 

mp.weixin.qq.com/s/RWgRTiR3v8ndKz1rrrl9dA

 

12 Immigration Policies Have Been Launched

English Information and Service Platform —— WenzhouDaily

mp.weixin.qq.com

According to the new Policy, WKU Faculty can apply for the "Green Card: Permanent Residence" especially category #2, #3  and/or #4. 

 

02

 

Foreigners, who have worked for 4 consecutive years in China, actually lived in China for a minimum of 6 months per year, have an individual annual wage income not less than six times the previous year’s average annual wage of urban employees in the region,and have paid an individual income taxnot less than 20% of annual wage income, can apply to the immigration administrations for permanent residences in China. Their foreign spouses and minor childrencan be permitted to apply together.

 

03

 

Foreign Chinese working in China, who have obtained Ph.D. degree or have worked in key national development sectorsfor 4 consecutive years and actually lived in Chinafor a minimum of 6 months per year, can apply to the immigration administrations for permanent residencesin China. Their foreign spouses and minor childrencan be permitted to apply together.

 

04

 

Foreign experts and scholars, who are invited by domestic key universities, research institutes and well-known enterprises, as well as the foreign high-level talents in management and technological profession, who are identified and recognized by the talents administration or technology & innovation administration of municipal level or higher people's government, can apply to visa department of entry-exit administration for the entry visas. After entering the country, they can apply for multiple visas or residence permits with a validity period of less than 5 years to the entry-exit administration with the invitation letter and other materials.

 

 

 

Nov. 26, 2020. : Green Card Workshop at the New International Service Center at Wenzhou Civic Center. 

 

Several WKU Faculty members visited the new International Service Center of Wenzhou Civic Center in Nov. 26, 2020. 

 

Youtube Video: 

 

Photo: 

 

Immigration Office Officers introduced the new immigration policy, and they guided WKU foreign faculty members to the benefits of Chinese Green Card (e.g. The Same legislative power as Chinese citizens in residing, job, and travel for 10 years). 

 

 

Necessary Documents: (Only Chinese letter, Click for expansion)

 

더보기

 

 

 

 

 

Shortly speaking, two main pieces of evidence are necessary to apply for the "Chinese Green Card" for WKU Faculty members,

 

1) Criminal Background Check (from home country)

 

2) 4 consecutive years Tax Payment History (including tax exemption history) from WKU 

 

 

Nov. 26, 2020. : A WeChat Group of Green Card 

 

WKU HR organized a Green Card Group at WeChat to help WKU faculty members to apply for Green Card. 

 

 

Contacts:

 

WKU HR:

Rainie Huang: huangjiarui@wku.edu.cn

Lina Hu: hulina@wku.edu.cn>

 

Wenzhou City:

Immigration Officer: Ren @littlebird 伊仁 

Police Officer:   Ding @布鲁科夫

 

 

 

 

 

================

Nov. 30, 2020: Firstly archived the history of Chinese Green Card Group. 

 

 

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Dispute & Resolution (Fall, 2019) - Cooking Smell Issue

This is an archive of making a resolution when I had a dispute with a residence in the WKU Faculty Housing in 2019. 

 

*Conclusively speaking, the challenger left her job after making this dispute. 

 

 

 

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BB --> Packages and Utilities --> Bulk Delete

 

Don't check the "USERS" to keep users in the blackboard section. 

 

IF deleted users, please add users manually. 

VM Ware Setting. 

 

 

 

 

helpdesk.wku.edu.cn/hc/kb/article/1250655/

 

IT HandBook for Faculty - WKU - IT Help Desk

IT HandBook for Faculty 陈奕余 • Created at:Mar 20, 2019 17:11:38 • Updated at:Sep 07, 2020 21:07:52 1、How to use WiFi on campus         Graphic introduction         Video introduction  2、How to bind your device to your network ac

helpdesk.wku.edu.cn

 

 

 

 

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CISCO Anyconnect is necessary when you want to use Kean Email, G-suite, Youtube, and mandatory software for Kean Learning. 

However, Mac system's recent MacOS (specially afterh Catalina, Ver. 10.15) is not compatible with Cisco's old version of Any Connect. 

 

1. Please use the most recent Any Connect Software! (dmg file for Mac Users & exe file Windows Users )

 

drive.google.com/drive/folders/1LQc7M0DJSu8CFcRaJq9DviWZHprqcH2M?usp=sharing

 

Choi_WKU_Software - Google 드라이브

 

drive.google.com

 

Please Click only "VPN" without choosing the other modules of Any Connect when you install it. 

 

2. For Mac Users, Pleas see the following website. 

https://www.jianshu.com/p/a436c254fa22

 

mac 链接不上Cisco AnyConnect解决方案

在公司中遇到了链接内网不上的问题,以下是解决方案: 1.编辑 ExcludeMacNativeCertStore 选项把false 改成 "true" 2.^X (contr...

www.jianshu.com

 

A. Run the Terminal

B. Follow this procedure, and Enter! 

 

 

3. Run the AnyConnect 

 

4. Click Connect Anyway

 

5. Type in your User Name and Password at Group! 

 

Voila, Enjoy Any Connect in the Mac System. 

 

 

 

 

===============

2020.08.20 First Release (Thanks to OCIS at KU and Daniel Chen at WKU)

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2020 Korea Industrial Workforce development conference (June 12, 2020). 

2020 한국 산업교육학회 학술대회 

 

 

 

 

=================================================

 

 

CONFIDENTIAL

 

 

더보기

 

IBM HR Value Change 

Machine Bureaucratic Organization Structure to Adhocracy (Professional) Organization.  

IBM uses "Chatbot (Myca & many Chatbots)" - AI assistance for HR functions (Talent Acquisition; Talent Development; HR Operation). If the Chatbot service is not enough, Advisor (Human) comes to the employee. 

 

MS Culture Change: From knowing to learning. 

 

삼선화재 교육

LG HR University is "Change Agent"! 

 

연수원 없으면 뭐 할까? 

 

HCI 에서 답을 찾다? 

 

박철용 전무 (LG 이노텍): AI 활용 HR 은 CHATBOT 을 통한 Talent Acquiring 이다. 

 

Human Computer Interaction (HCI); Human Robot Interaction (HRI); Human Resource Development (HRD). 

Social Robots: 개인비서; 챗봇

 

 

일정 숫자 이상의 참석자 (예를 들어 10명 이상)의 온라인 Remote Meeting 의 경우 주 강의자와 비슷한 수준의 보조 Facilitator 가 Meeting 과 Learning Class를 함께 운영 (Co-Operator) 할 필요가 있음. 

 

docs.google.com/forms/d/e/1FAIpQLSdQ8gnnjff6qVuTDFF6MFJro_r_50qTJCtoQypIeqP0e2e5cA/viewform

 

 

 

=============================

Introdcutionary Conference Youtube. 

 

 

2020. June 12. 

 

 

 

 

Posted by Jeonghwan Choi

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Faculty Handbook 20200511.pdf
3.14MB

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I would like to update one issue of MGS4999 W01, W02 online class participation.

I am actively participating in the DQ discussions for those courses at Blackboard system. 

But, as you know, I am using Google Classroom for MGS4999 W01, 02 classes for Assignment participation because the pre-defined course structure was not compatible with my teaching. 

You can see my google classrooms: 

MGS4999 W01: https://classroom.google.com/w/NTIzOTg5MTYyNjZa/t/all

MGS4999 W02: https://classroom.google.com/w/NTIzOTY3MzczODFa/t/all

At the google classroom, I proactively communicate, give feedback, and participate in interactions like below. 

I also use WeChat Groups to encourage my students to participate in learning. 

If you take all things together, my teaching of MGS4999 classes would be the most participative classes in WKU online. WKU online can make a 'real' survey to students rather than checking our Blackboard. 

Please take my clarification descriptions, and use my case to justify CBPM faculty's relatively low participation. 

 

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How to Transfer Money from Wenzhou-Kean University (China) to (foreign) Home? 

 

From Sept. 01, 2019, Wenzhou-Kean University (WKU) directly deposits salary of (foreign) faculty members on 'Chinese Bank Account'. 

 

Transferring money from China to (foreign) home is becoming faculty members' responsibility. 

 

Monthly, two Chinese banks (ICBC and Bank of China) will come to campus and help WKU's foreign faculty members transferring money. But WKU faculty members need to be prepared to transfer money from a Chinese bank account to a foreign bank account. 

 

Here is a possible 'practice' to manage and to make international money transfer smoothly. 

 

1. Make a primary account that has no 'International Money Transfer' limit. 

 

China strictly controls 'international money transfer' especially from China to a foreign country. You need to open a primary account that has 'no international money transfer' at your Chinese domestic bank. You need to bring a few numbers of documents (such as Passport, Tax Record from the school's finance department, and Chinese domestic phone number) to open the account. 

 

 

You may need to visit the bank physically at least one time to make the 'No Limit' primary account. 

 

Here is the information of ICBC location. 

 

 

Address: No. 99 Xiangyuan Road, Wenzhou

Tel: 0577-8887-7878

 

 

 

2. You can make a secondary account (10,000 RMB limited international money transfer) of living in China. 

 

Separating international money transfer account from living expenses account can help us to manage money better. The living expenses secondary card can be used to pay Chinese domestic expenses (e.g. Alipay, Taobao, WeChat pay). When you come to your Chinese Bank, you can make a primary and a secondary account at the same time. And you can manage 'International Money Transfer Account' and 'Domestic transaction Account' separately. 

 

 

3. Transfer your salary to your home account (monthly or whatever you want) when Chinese bank comes to WKU campus. 

Necessary Documents: 

 

Updated Necessary Documents (2020 after COVID-19)

The document that banks require for international transactions are:

  1. Bank card
  2. Original passport
  3. Latest contract (or appointment letter) - red stamp require*
  4. Chinese Tax payment certificate (find Zoe to get**)
  5. Salary pay stub (which is sent by Tiantian in every month)- red stamp require*
  6. E-banking tool (Bank of China only)

*Please remember to get a red stamp from HR (Office TB A217) for both contract and salary pay stub. That is a new policy from the banks from this new semester.

**It will take several days for our staff to obtain the tax payment certificate from the Chinese Tax Authority. Please contact Zoe as early as possible if you need to apply the Tax Payment certificate of year 2020. (her email: tengyuwen@wku.edu.cn)

 

Example of "Red Stamps" on Income Statement (Salary pay stub)

 

Example of "Red Stamps" on Annual Contract (Appointment letter)

 

 

Living in China and transferring money to (foreign) home is not an easy task, but it can be done smoothly if we can work together. 

 

 

Will be posting: Reimbursement System for Money Application in WKU

 

 

Best regards,

Jeonghwan (Jerry) Choi, PhD, MBA, ME

--

Program Coordinator & Assistant Professor

Department of Management, Marketing and International Business

College of Business and Public Management

Kean University (Wenzhou, China)

Tel.: (+86 577) 5587-0731

E-mail: jechoi@kean.edu 

 

 

 

 

 

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WKU CBPM Faculty Refreshment Space 

Sept. 25, 2018: A Refreshment Space in the 2nd floor of CBPM at Faculty space installed. 

Since having the new College of Business and Public Management (CBPM) building in Jan. 2018, the CBPM faculty members had needed a space for refreshment, food feedings, class material supports, and communication. 

Thanks to the donations from those 2nd floor faculty members, CBPM building get the faculty refreshment space equipped with coffee maker, snack bar, and refrigerator. (Sept. 25, 2018)

Thanks, Donors! 

 

To respect our "Female faculty members", a space of the refrigerator is solely dedicated. 

 

April. 14, 2019: New Capsule Coffee Machine supplied! 

Supplying a higher quality coffee is important for faculty members to wake them up in the morning. A new capsule coffee machine, then, installed at the faculty refreshment space. 

 


In September 2019, Faculty Profiles are posted in front of each Faculty office door. 

 

In September 2019, Faculty mailbox got a new Number !

 

 

 

 


 

 

Facilitator, 

Dr. Jeonghwan (Jerry) Choi, 

 

 

 

 

 

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Lecture Room Improvement for College of Business and Public Management at Kean University (Wenzhou). 

May 10, 2018




Completion of Lecture Room Improvement for College of Business and Public Management at Kean University (Wenzhou). 

Nov. 14, 2018





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Kean University (Wenzhou) Open House Event

Mar. 18, 2018

Demo Class1: Dr. Jeonghwan (Jerry) Choi (Management) talks about "What you will learn at College of Business" 






Demo Class 2: Dr. Robert Marjerson (Management) talks about "Case Study in College of Business"



Event photo: 





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Can the Holacracy (no boss organization) work in China? 

After implementing the Holacracy practice at Zappos, the management practice gets special attention from managers and scholars. So far, the Holacrazy does not work well. But, I give a special attention to this new managerial concept because I believe that a new form of organizational structure is necessary to meet the business environment changes. 

A Chinese student thinks that the Holacracy can work in China. 

Do you agree with him? 


Jeonghwan (Jerry) Choi, 

PhD, MBA, ME




REFLECTION ESSAY

Course: Principles of Management

Module 08: Organizing

Name (Pingyin & English): Shen Zhenyao (Stacey)


Tony Hsieh, CEO of Zappos, decided to use the creative idea- holacracy in his company. When facing his unexpected management method, a large number of people are hard to understand his action. 

   Holacracy breaks many thinking methods in traditional management. It shows Tony has his own creative ideas about managing his employees. People always cannot accept new things. At the time of the announcement, 14% of people left the company. And Zappos is becoming weaker during this time period. In society, many traditional managers and scientists do not think this will cause Zappos become more successful. After the implementation of holacracy, the situation of Zappos is becoming worse. As a good manager, there is no reason for Tony to take such a huge risk if there is no reasonable future benefit. Therefore, there are must have some reasons for him to make that decision. It is meaningful to analyze holacracy’s benefits. Holacracy will contribute a lot of benefits to companies. It will increase the relationship between workers, collect more imaginative ideas, and obtain more comprehensive information.


First, holacracy will encourage collaborate and communication by eliminating workplace hierarchy. 

   Hierarchy let workers just talk with their superior managers. However, in most of time, the manager cannot exactly recognize whether the idea is good or not. It is difficult for people to recognize their errors, but it is easier for other people to figure out their mistakes. Traditional hierarchy causes workers just focus on the work of their own area. If the people in other departments have some suggestion for them, they may consider that as provocation, and not accept it. And the people in other departments always do not want to share their opinions for the misunderstanding. However, holacracy let people dispel this concern, and speak out their advice freely. 


Second, more creative ideas will come out. Not only because there are more people can consider about creating new ideas, but also because they are not constrained by others. 

   In some situation, smart people’s minds are being constrained by knowing too much things. They will automatically think about other similar events and the possible results. However, some normal people may come up with some creative ideas, which are not reasonable but useful. Though the ideas of normal people are not practical. But there are many professional people, who can expand the original simple ideas. Thus, if there are more people can come up new ideas, the company can be developed more unexpected.  Moreover, many workers do not say out their ideas because they are not confident, they think they are ineligible to speak out their ideas. Holacracy will avoid they have this kind of concern.


Third, a company can have more detailed information from people. Hierarchy cause CEO just can hear the thought of superior managers. 

   However, according to a fferent situation, different people can see different aspects. Superior managers just can see the problems, which may happen in a more macroscopic way. Normal people can realize the problems, which may happen because of some tiny things. These tiny things are easy to be ignored by many superior managers, but these tiny things always can cause the deadliest problem. Collecting detailed information is critical for companies.


Holacracy changes a lot of thinking in traditional management. 

   It will bring many benefits to companies. Although holacracy changes many aspects in traditional management, it is one of the significant trends of future management. Managers should try to learn it and figure out the advantages in it. It is a wise and valuable decision to choose holacracy.

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Does Chinese e-Commerce prevail traditional economy like Amazon does in the US? 

I discussed the Amazon - Whole Foods deal in the perspective of Chinese e-Commerce in my Principles of Management Class (June 19, 2017). Interestingly, many Chinese business students do not have any objection about e-Commerce because they are highly integrated with a few key e-Commerce tools like Alipay, WeChat pay, and Taobao. This Chineses people's reaction is interesting, and I would like to share a reflection essay of my student. 


More than I expected, Chinese e-Commerce business is getting more deeply integrated with people's daily life than any other country. 


June 2017. 

Jeonghwan (Jerry) Choi









Source: Alibaba buys 32% stake in grocery chain Sanjiang: http://retailinasia.com/in-shops/alibaba-buys-32-stake-in-grocery-chain-sanjiang/




REFLECTION ESSAY

Alibaba prevails Off-line Market. 

Course: Principles of Management

Module 7: Planning & Strategy

Name (Pingyin & English): Zhuchen Wang & Oliver


Alibaba is the dominant e-commerce giant in China, but now it is moving into the brick-and-mortar space. Last year, Alibaba has invested $305 million in Sanjang Shopping Club, a discount supermarket in China, that would give Alibaba a 32% stake in the offline retailer (Reuters, 2016). It is Alibaba’s long-term strategy that integrates its online shopping with offline brick-and-mortar stores. The decision made by Alibaba shows that the integration of online and offline channels may help those e-commerce giants to keep its market share even earn more profits. There are many reasons that relate to the change, including improving the efficiency, data analytics, and customer convenience.

First, integration of online and offline can improve the society’s efficiency.Once Alibaba has the offline channel, it could manage the whole supply chain to combine its online shopping services with the offline physical store’s experience. For instance, you have to buy the fresh food in the grocery store by yourself because those products require a more hands-on experience than delivering, and also there should have someone to receive the goods. With the new retailer service, customers order groceries online and chose the nearest convenience store, then drive to that store where they can get the bags right away which save time and money.

Second, leveraging data to analyze customer’s buying patterns.Alibaba is working with several brands such as PepsiCo and Mattel to help them identify customer preferences through data analytics. This gives the e-commerce giant insight into what products customers prefer to purchase offline. Analysis of this data can help the company to work towards its integrated retail offering, where certain products are offered offline and others can be conveniently bought online.

Third, to combine to the online and offline strategy can improve the consumer convenience. E-commerce is soaring and food-delivery businesses are taking off because human beings are fundamentally lazy and they do not want to leave the couch to buy stuff. Now, once the Alibaba expanded its service to offline grocery stores, people could elect to have the fresh veggies and organic dips delivered to their homes and apartments. It will improve the consumer convenience.

As the retail landscape evolves, the “online-only” model will face growth limitations. Under the requirements of improving the society efficiency, using data to optimize buying options and consumer convenience, Alibaba took an important action on its strategy.In my perspective, I think it is a wise choice for because it will benefit not only to the customers but also to the whole industry. The presence of brick-and-mortar stores remains important to many customers, and there are several products which customers still prefer to buy in person. Alibaba’s strategy formulates a bright picture of future.


Reference

Reuters. (2016, Nov. 18). China's Alibaba buys into supermarket chain Sanjiang Shopping. Retrieved June 20, 2017 from http://www.reuters.com/article/us-sanjiang-shop-alibaba-idUSKBN13D1T2




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Should S. Korea join the OBOR or Not? 


I am teaching the Principles of Management course (MGS2030, 2017 Summer) now. 

In my class, I encourage my students writing 'reflection essay' for each learning module. 


Two students discuss One-Belt-One-Road (OBOR) initiative in terms of S. Korean business perspective for Module 5: Contemporary Issues of Management. 


Please read the following essays, and what do you think? 


Jeonghwan (Jerry) Choi, PhD, MBA, ME

Assistant Professor, 

Kean University (Wenzhou). 









S. Korea should join the OBOR! 


REFLECTION ESSAY

Course: Principles of Management

Module 05 :Contemporary Issues of Management

Name (Pingyin& English):    Nick



In 2013, China's president, Xi Jinping, proposed establishing a network of railways, roads, pipelines, and utility grid that would link China and Central Asia, West Asia, parts of South Asia and parts of Europe. OBOR comprises more than physical connections. It aims to create the largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation. OBOR can benefit everyone involved through open discussion. South Korea is a neighbor country of China. It is also an Asian country. In March, 2015, South Korea joined Asian Infrastructure Investment Bank. And the development of OBOR drew great attention from all walks of life of South Korea.


So, should South Korea cooperate with China and work together for the joint implementation of OBOR?


And I thing South Korea should join the OBOR. Because there is no doubt that the initiative will provide economic opportunities for South Korea. And according to the "Vision and Actions" plan, three provinces of China(Liao ning, Ji lin and Hei long jiang) will become sea-land "window" linking Russia, Mongolia and other areas in the Far East. So Korean government could get many opportunities for cooperation with Eurasia. OBOR can contribute to build a Northeast Asian economic zone. And South Korea will benefit from it.


The construction and development of OBOR is closely related with South Korea.OBOR will invest and construct a great amount of infrastructure including railways,  roads, pipelines, and utility grid that would link China and almost the whole world. South Korea could take advantage of these infrastructure to  transport their products and stimulate its economic growth.In Kazakhstan, a Central Asian country, South Korea's Samsung and LG electronics products occupy the local market share as high as 80%.  And the number of  South Korean cosmetics agency is increasing too. However, most of South Korea's products are transported across the mainland of China. The products were shipped to Lianyungang, Jiangsu province of China, and then arrived in Almaty by the "New Asia" regular freight train. This railway line officially opened in February 25th, 2015,  is one of the important achievements of "China Belt and Road Initiative construction. For South Korea, this railway also has a special significance.


South Korea will have new way to connect with Europe if it join the OBOR.OBOR will provide an opportunity to improve the logistics environment of South Korea.Nowadays, the two most common logistics networks between South Korea and Europe are sea freight and railway. Shipping is cheap, but it takes a long time. It takes forty or fifty days from South Korea to European ports. Although South Korea could use Siberia railway, the shortest logistics network connecting South Korea and Europe is China's new Eurasian Continental Bridge. The rapid development of OBOR will be helpful for the construction of the new Eurasian Continental Bridge. As a result, providing  South Korea a new way to connect with Europe is undoubtedly good. It will help South Korea has more close connection and business communication with European countries and create huge profit.


South Korea could also get benefits from taking part in building infrastructure in developing countries, development of resources and new industries.Many countries involved in OBOR are developing countries. These countries are facing great challenge of development also have great developing potential. However, these countries' infrastructure including railways, industries, roads and so on needed to be upgraded.South Korea could accept these developing countries' infrastructure building projects and get benefits from it. Also South Korea will have more resources due to its convenient connection with other countries. Also, as a member of OBOR, South Korea has the same right compared with other countries to enjoy the benefits from new kinds of industries that developed by all member countries of OBOR.


In the construction of OBOR, China put forward the concept called "community of destiny", its core is interconnection which means expand economic cooperation by connecting highways, railway and port to build infrastructure with neighbor countries. In this process, if South Korea take an active part in it and strengthen the cooperation with China, both China and South Korea will get benefits. And I think China and South Korea should disregard previous enmity and work on OBOR together. It will be helpful for both countries' development. Especially for today's South Korea weak economy, I think OBOR will stimulate South Korea's economy and make it has a fast economic growth.China and South Korea should make a joint efforts to develop a better world through the bond of OBOR. South Korea could get a lot of benefits from OBOR. And I hope the sound of the OBOR chorus will spread loud and wide across the world and make the world better.


Reference

Tai Hwan Lee. "One Belt, One Road Strategy and Korean-Chinese Cooperation". Web. June 13,2017.

 

Tian Jinchen. "One Belt and One Road: Connecting  China and the World". Web. July 2016. June 13, 2017.





S. Korea should not join the OBOR! 


REFLECTION ESSAY

Course: Principles of Management

Module 05: (Contemporary Issues of Management)

Name (Pinyin & English): Joseph


At all times and all over the world, whatever occupations a person pursues, making a right choice is the most important thing.


In March 2015, China announced that it was going to set up One Belt One Road (OBOR) item. China would invest in the countries who were the members of OBOR, focusing on improving connectivity and cooperation among Asian countries, Africa, China and Europe. However, in October 2015, Trans-Pacific Partnership Agreement (TPP) made substantial progress, which was considered as the weapon to balance OBOR, leading by the United States. Under this background, almost half of the nations in the world have determined to participate whether OBOR or TPP. However, as a significant economic entity in this world, S. Korea have not make the decision yet.


S. Korea decision makers must choose one agreement to participate, and business managers of S. Korea must consider the benefit and loss of participating one of the agreement, influencing the government’s decision to maximize their benefits. Over the two years, from 2015 to 2017, the situation seems that choose OBOR is a better choice for S. Korea because the United States would quit PPT, and the Chinese market definitely has a huge potential. Besides, lots of analysts think the future of OBOR is bright, regarding it as another Marshall Plan. Whereas OBOR is not a rescue plan but evaluated on a commercial basis. The whole item depends on China, which means the risk is very high just like only one stock in an investment portfolio. In addition, for S. Korea itself, geography and policy issues would also come about some challenges and stresses.


Therefore, I think OBOR has a huge risk for South Korea.


First, basically supported only by China, OBOR itself will face a huge financial risk.According to the news, China warned of risk to banks from One Belt, One Road initiative, the lack of commercial imperatives behind OBOR projects means that it is highly uncertain whether future project returns will be sufficient to fully cover repayments to Chinese creditors (Weinland, 2017). Even though the China government declares OBOR is a commercial item, but lots of analysts regard it as a rescue plan. For instance, OBOR connected many countries include some huge poor areas like East India, Africa, and Middle Asia. Obviously, people in these areas have a very low purchasing power, so the investment in these areas is quite hard to recover the cost. Once China cannot support the loss, widespread bankrupt would happen in China, which could lead a new financial crisis especially throughout OBOR members. S. Korea must be hurt by the crisis if it joins OBOR.


Second, the geography of South Korea can bring challenge and risk to it.South Korea is on the south of North Korea which rejects to join any terms of organizations (Hwang, 2017). North Korea also is an uncertainty factor in the area of China and S. Korea. Therefore, if China and S. Korea have any major cooperation plans, they must consider the negative role of N. Korea. For instance, the main thing that OBOR does now is building unitive road and railway to connect all the members, so if S. Korea joins in OBOR, it cannot be excluded that China could build a cross-sea bridge between S. Korea and North-East of China, and then connect S. Korea to Russia and Europe. However, once the bridge built, it must close to N. Korea unless China does not count the cost, which would recur N. Korea’s attention or even reaction, containing lots of uncertainty and pushing the area of Northeast Asia on edge. Therefore, S. Korea would face a huge risk because of neighboring country N. Korea.


Third, join OBOR will generate political risks to South Korea.In terms of economy, OBOR and TPP are like brothers, but in terms of politics, OBOR and TPP are contrary, so the behavior of join OBOR will bring some political stresses from TPP members or to S. Korea. The issue of participating OBOR or TPP can be simply defined as the choice to close to China or America even though the United States will quit TPP, so the action of taking part in OBOR will be read as breaking away from American camp and join Chinese camp, which is not only an economic issue but a political issue. Then it’s possible that the United States treat S. Korea as another competitor and distribute a kind of sanction in some extent. S. Korea would be suffered from the political risks. For example, S. Korea’s military equipment basically depends on the United States, so once S. Korea has a political crisis with America, it’s national defense will face a huge shock, which is the most serious issue for a sovereign nation.


All in all, For S. Korea, participating OBOR has a huge risk. Because of OBOR itself high risk in business and finance, S. Korea can sustain some loss to some extent. In addition, the geography of S. Korea generates certain risk from N. Korea, and if S. Korea joins OBOR, it could face a political risk from America.The choice of taking part in OBOR is not so good as it seems like, at least the risk is so large for S. Korea, so the business managers should consider more about the benefit and loss of the choice, participating OBOR or TPP.


Reference

Hwang, B. (2017, January 14). What South Korea Thinks of China's 'Belt and Road' Retrieved June 13, 2017, from

http://thediplomat.com/2017/01/what-south-korea-thinks-of-chinas-belt-and-road/


Weinland, D. (2017, January 26). China warned of risk to banks from One Belt, One Road initiative. Retrieved June

13, 2017, from https://www.ft.com/content/6076cf9a-e38e-11e6-8405-9e5580d6e5fb?mhq5j=e2

 






Posted by Jeonghwan Choi

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