Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(21)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

Founded as an electrical supplies and water pipe fitter in 1960, WIKA in Indonesia has been transformed into a holding company in construction, engineering procurement construction and investment, with 10 subsidiaries. 

WIKA has moved into distinct sectors, among them industry, infrastructure and building, energy and industrial plant construction, realty and property, as well as investment. After successfully participating in the development of infrastructure and construction projects in Indonesia, WIKA is expecting to expand in ASEAN and beyond.

Southeast Asia on the Move(2)

Emerging Asian economies race to build metros amid choking congestion

- Which countries or which international bodies have been in the forefront of leading infrastructure investments in Southeast Asia?

- If any, please let us know your own experience of being exposed to choking congestion in Southeast Asia.

- Are you happy with public transportation service or system in Seoul? If so, why? If not, why? 

The establishment of the AEC and its implication for South Korea(10)

The establishment of the AEC and its implication for South Korea

In doing so, physical barriers will be torn down and regional exchanges and trades will be fairly accelerated. This will also gear up the possibility of the realization of the AEC overcoming the concern that the AEC blueprint 2025 may remain a mere declaratory gesture. 

As a matter of fact, a global war without guns has been underway to attract the ASEAN actively stretching itself to the world. For instance, Japan has been striving to enhance its clout on the AEC by devoting itself to investment on the infrastructure and key industries.

Southeast Asia on the Move

Emerging Asian economies race to build metros amid choking congestion

1. Please share your impression on this week’s cover story.

2. What has made the traffic condition in Southeast Asian megacities such as Manila and Jakarta so desperate?

3. According to the article, Ho Chi Minh City seems to try to benefit from the latecomer advantage. Please explain more in detail about latecomer advantage.

4. Which countries or which international bodies have been in the forefront of leading infrastructure investments in Southeast Asia?

5. If any, please let us know your own experience of being exposed to choking congestion in Southeast Asia.

The foundation of the AEC and its implication for South Korea(8)

The foundation of the AEC and its implication for South Korea

This will also gear up the possibility of the realization of the AEC overcoming the concern that the AEC blueprint 2025 may remain a mere declaratory gesture. As a matter of fact, a global war without guns has been underway to attract the ASEAN actively stretching itself to the world. 

For instance, Japan has been striving to enhance its clout on the AEC by devoting itself to investment on the infrastructure and key industries. South Korean business people navigating new growth chances have unanimously pointed out that Japanese business presence is dominant in the region. Moreover, China is speeding up recently by utilizing its extensive networks across the region. 

The foundation of the AEC and its implication for South Korea(8)

The foundation of the AEC and its implication for South Korea

This will also gear up the possibility of the realization of the AEC overcoming the concern that the AEC blueprint 2025 may remain a mere declaratory gesture. As a matter of fact, a global war without guns has been underway to attract the ASEAN actively stretching itself to the world. 

For instance, Japan has been striving to enhance its clout on the AEC by devoting itself to investment on the infrastructure and key industries. South Korean business people navigating new growth chances have unanimously pointed out that Japanese business presence is dominant in the region. Moreover, China is speeding up recently by utilizing its extensive networks across the region.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(5)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

According to an article from the Wall Street Journal, whopping 120,000 online users are newly reported in the region on a daily basis. There is further prediction that 480 million people almost nearing the entire population of the EU (European Union) will be accessed to internet in Southeast Asia by 2020. 

This could explain why global investment experts have been paying close attention to this area where youngsters covering around half of the overall population are jumping on the brand new era of digital economy. There are yet pending issues to tackle in startup fever in Southeast Asia. Poor IT infrastructures in non-urban areas, shortage of high-skilled work forces and widespread financial illiteracy have chronically taken roots in most parts of Southeast Asia. 

Study with Nikkei Asian Review(5)

Southeast Asia on the Move
Emerging Asian economies race to build metros amid choking congestion

Please share your impression on this week's cover story.

What has made the traffic condition in Southeast Asian megacities such as Manila and Jakarta so desperate?

According to the article, Ho Chi Minh City seems to try to benefit from the latecomer advantage. Please explain more in detail about latecomer advantage.

Which countries or which international bodies have been in the forefront of leading infrastructure investments in Southeast Asia?

If any, please let us know your own experience of being exposed to choking congestion in Southeast Asia.

Nikkei Asian Review Session(5)

Southeast Asia on the Move
- Emerging Asian economies race to build metros amid choking congestion

Please share your impression on this week's cover story.

What has made the traffic condition in Southeast Asian megacities such as Manila and Jakarta so desperate?

According to the article, Ho Chi Minh City seems to try to benefit from the latecomer advantage. Please explain more in detail about latecomer advantage.

Which countries or which international bodies have been in the forefront of leading infrastructure investments in Southeast Asia?

If any, please let us know your own experience of being exposed to choking congestion in Southeast Asia.

Establishment of ASEAN Economic Community(6)

Establishment of the AEC(ASEAN Economic Community) and its implication for South Korea

As a matter of fact, a global war without guns has been underway to attract the ASEAN actively stretching itself to the world. For instance, Japan has been striving to enhance its clout on the AEC by devoting itself to investment on the infrastructure and key industries. 

South Korean business people navigating new growth chances have unanimously pointed out that Japanese business presence is dominant in the region. Moreover, China is speeding up recently by utilizing its extensive networks across the region. China has maintained robust retail and wholesale channels in most part of the ASEAN since around the 16~17th century when the Western forces first embarked on their rush to Southeast Asia. 

Unlike competitors heading forward, South Korea is often regarded encountered with shabby circumstance. Worries are prevailing that South Korea is way behind not only the running Japan but also the flying China. Other major players including Australia, America and the North Europe don’t sit idle as well. 

Prediction is that the ASEAN may play a crucial role of the last resort to save South Korea suffering from chronic weak growth. Needless to say, systematic and long-term approach is desperately needed in the unprecedented era of the AEC.