Seoul Subway Line 2

For the past few decades, suburbanization of population and employment has been easily observed in large metropolitan areas all over the world, which is generally referred to as “sprawl”. This phenomenon has accompanied not only the spatial redistribution of population, but also the geographical relocation of firms, which has brought about several urban problems – for instance, severe traffic congestion due to the growing distance between jobs and housing, inefficient energy consumption due to…

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…