There are also two- to three-year junior colleges and vocational colleges. Elementary schooling is compulsory, with an enrollment rate of 100 percent. Compulsory middle school education for three additional years was implemented in 2002. * Secondary education According to APEC website, there are two types of high schools in South Korea, general and vocational. Combining the two types of high schools together, the ratio of middle school graduates advancing to high school was 99.7 in…
He says that Western companies think they can avoid political risk by spelling out every detail in a contract, but "in Asia, there is no shortcut for managing the relationship."88 In other words, the contract is in the relationship, not on the paper, and the way to ensure the reliability of the agreement is to nurture the relationship. Even a deal that has been implemented for some time may start to get watered down at a time when you cannot do anything about it. A Japanese-led consortium…