Open AccessPolitical Economy Analysis of The Rising of South Korean Property Industry:
Author(s) -
Darynaufal Mulyaman,
Prima Mega Purwatama
Publication year - 2020
Publication title -
jurnal asia pacific studies
Language(s) - English
Resource type - Journals
eISSN - 2580-7048
pISSN - 2580-6378
DOI - 10.33541/japs.v4i2.2285
Subject(s) - china , government (linguistics) , capital (architecture) , investment (military) , economy , business , scope (computer science) , politics , foreign direct investment , property (philosophy) , market economy , economics , political science , geography , philosophy , linguistics , archaeology , computer science , law , programming language , epistemology , macroeconomics
Korea is a country that once full of doubts. As time goes by, every sector from Korea are turns out to be huge achievements of the Korean people. Korean pop culture for instance, becomes a crucial driver for Korean economy. Not only Korean pop culture, recently property investor from Korea also becomes a big player in the US, and moreover in the global stage. New study also tells that Korea as global property industry player could exceed China as China’s economy slowing down. Therefore, question how can South Korea's property industry sectors thrive overseas, such as in the U.S.? Arises. This paper would explain the factors behind South Korean property industry performance in US, including push and pull factors through a scope of global capital movement paradigm. Meaningful government supports, big possibilities, and a good investment climate for South Korean property industry plus the right global demands could be some factors behind the rising of South Korean property industry, especially in the US