Did Washington bring down the Japanese prime minister?
On June 2, Prime Minister Yukio Hatoyama, along with Democratic Party of Japan leader Ichiro Ozawa, resigned due to a dispute over plans to relocate the U.S. Marine Air Station at Futenma, in the southern part of Okinawa, to Camp Schwab, in the northern part of the island. Writing in Slate.com, Daniel C. Sneider considers the Obama administration's role in the debacle and asks: Is this how allies should treat each other?
Corporate Governance Systems and Firm Value: Empirical Evidence for the Value of Transparency
This study explores the effects of cross-sectional and time series differences among Japanese firms selecting one of two extant corporate governance systems. The paper presents evidence that the adoption by Japanese firms of a shareholder-centric, more transparent, system of corporate governance creates greater corporate value in comparison to the traditional system of statutory auditors. This paper takes advantage of the unique opportunity afforded by Japan's introduction of a dual system of corporate governance in 2003, when companies were offered a choice to adopt a new system of outside directors, i.e. a shareholder-centric committee system. Data analysis shows a significant increase in firm valuation as measured by Tobin's q, for companies that adopted the committee system, even though comparative financial data show little difference. This finding is attributed to signal sending, as companies who adopted this system signal a choice toward transparency and openness.
Two Koreas unlikely to head into armed clash, says Shorenstein APARC's David Straub
Responding to North Korea, Gi-Wook Shin comments in Korean media
Shorenstein APARC Director Gi-Wook Shin analyzes the shortcomings in South Korea's response to North Korea's sinking South Korean naval vessel Cheonan. In an op-ed column in the major Korean daily newspaper Hankook Ilbo, he notes that further sanctions on already heavily sanctioned North Korea are unlikely to do much more than result in further actions by Pyongyang. While war is not in prospect, he writes, the possibility of military clashes cannot be excluded and the rising tensions are causing anxiety in the international community. In an interview with Yonhap News Agency, published in Chosun Ilbo, Shin forecasts a prolonged stalemate on the Korean Peninsula and the suspension of Six Party Talks and other talks with the North.
Stanford University Commemorates Korean War 60th Anniversary
STANFORD, CA—In commemoration of the sixtieth anniversary of the outbreak of the Korean War on June 25, 1950, Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) is hosting a number of special events.
On May 27, Shorenstein APARC will pre-screen a major new South Korea film, "Into the Fire." Set in the desperate early days of the Korean War, the drama is based on actual events involving South Korean high school students defending the port of Pohang against advancing North Korean regular forces. The film is scheduled for commercial release in South Korea in June.
Immediately following the pre-screening, Shorenstein APARC will host a panel discussion about the film and the Korean War. Panelists will be the director, New York University-trained John H. Lee; actor Kwon Sang-woo; Scott Foundas, Associate Program Director, Film Society of Lincoln Center, and Contributing Editor, Film Comment; Kyung Hyun Kim, Associate Professor, East Asian Languages & Literature, and Film & Media Studies, University of California, Irvine; Chi-hui Yang, Director, San Francisco International Asian American Film Festival; and John R. Stevens, Lt. Col. USMC (ret), Commanding Officer of Able Company, 1st Battalion, 5th Marines, when the 1st Marine Brigade arrived in Pusan on August 2, 1950. Daniel C. Sneider, Associate Director for Research at Shorenstein APARC, will moderate the discussion.
The film pre-screening and panel discussion will both take place in Cubberley Auditorium on campus, beginning at 6:00 P.M. Also, on the evening of the pre-screening, photographs taken in and near Pohang during the time of the events portrayed in the film will be exhibited in the lobby of Cubberley Auditorium, courtesy of the South Korean embassy in Washington, D. C., and the War Memorial of Korea, in Seoul.
On May 28, Shorenstein APARC’s Korean Studies Program will host a lecture by Bruce Cumings, Professor and Chairman of the History Department, University of Chicago, on "The Korean War After 60 Years: History and Memory in Korea and the United States." To attend, registration is required by 5:00 P.M. on May 25.
Shorenstein APARC’s director, Professor Gi-Wook Shin, commented: "The Korean War is often referred to as ‘the forgotten war,' but th at is not the case. As we can see from the rapidly unfolding events on the Korean Peninsula in the wake of the sinking of South Korean naval vessel Cheonan, the Korean War is actually ‘the unending war.'" He said that the pre-screening of "Into the Fire," the panel discussion, and the Korean War lecture are intended to recall the significance of the Korean War and underline the magnitude of current issues on the peninsula. Noting that Shorenstein APARC has conducted a great deal of research and offered policy recommendations on U.S.-Korean relations, Professor Shin said that the pre-screening of "Into the Fire" was also intended to contribute to increased cultural exchanges between the United States and South Korea. Shorenstein APARC has organized similar events, including the screening of Clint Eastwood’s film "Letter from Iwo Jima," which was also followed by a discussion with the director. Shorenstein APARC also hosts speeches by major figures in U.S.-Korean relations, including last year’s address by former ruling party leader Madam Park Geun-hye.
Shorenstein APARC is a unique Stanford University institution focused on the interdisciplinary study of contemporary Asia. Shorenstein APARC’s mission is to produce and publish outstanding interdisciplinary, Asia-Pacific–focused research; educate students, scholars, and corporate and governmental affiliates; promote constructive interaction to influence U.S. policy toward the Asia-Pacific, and guide Asian nations on key issues of societal transition, development, U.S.-Asia relations, and regional cooperation. Shorenstein APARC’s research spans the worlds of scholarship, business, and government, and cuts across traditional academic disciplines to provide broad, deep perspective.
The Center supports many ongoing projects, and also launches new studies every year to respond to its primary research goals. All projects are interdisciplinary and collaborative, involving faculty, students, and experts at Stanford, across the United States and around the globe. New projects currently under way consider topics ranging from nationalism in Asia and regionalism in Southeast Asia to the rise of high technology in Greater China, outsourcing to Southeast Asia, and globalization in Korea.
The Stanford Korea Program was formally established in 2001 at the Asia-Pacific Research Center (APARC) with the appointment of Professor Gi-Wook Shin, as the founding director. The Stanford KSP offers courses on Korea, hosts seminars related to the study of Korea, sponsors workshops and conferences, conducts research projects, supports fellowships, and collaborates with a broad range of visiting scholars. Stanford KSP also works closely with Stanford's Center for East Asian Studies (CEAS), which offers a Master's Degree in East Asian Studies with a specialty in Korea.
Stanford KSP's many activities include the "New Beginnings" policy research study group on U.S.-Korean relations, which since 2008 has made annual recommendations to the United States government on strengthening bilateral ties. Stanford KSP has an active program of visiting senior Korean officials and scholars. In recent years, visitors have included Hyong O Kim, speaker of the National Assembly; Sei Hoon Won, head of the National Intelligence Service; Won Soon Park, Executive Director, The Hope Institute; Seoul National University Professor Se-Il Park; Seoul National University Professor (and former foreign minister) Young-Kwan Yoon; Jong Seok Lee, Senior Fellow, Sejong Institute (and former unification minister); and General (ret.) Byung Kwan Kim, former Deputy Commander, ROK-U.S. Combined Forces Command. Visiting scholars currently include Byongwon Bahk, a former vice minister of finance and former senior secretary to the President for economic affairs.
Tension on the Korean Peninsula
Patient Trust in Physicians in China: A Survey of Beijing
The Chinese health care system has experienced profound changes like retrenchment of state financial support in the past decades. These changes have prompted the Chinese media and some academics to suggest that patients have a relatively low level of trust in physicians in today's China. In this colloquium, Dr. Tam reports the results of his survey of patient trust in physicians in Beijing's public hospitals. The survey was conducted by Horizon Research Group between November 2009 and January 2010, and 434 patients were interviewed.
The survey asked the respondents their degree of trust regarding the following three dimensions: physician agency, competence, and information provision. The survey finds a relatively high level of patient trust in physicians in Beijing public hospitals. Additionally, the survey data highlight three major determinants of patient trust in physicians, namely exposure to negative media reports about physicians and hospitals; the patient's self-assessed health status; and the patient’s level of education and income.
Waikeung Tam received his Ph.D. in political science at the University of Chicago in 2009. He is currently a Research Fellow at the LKY School of Public Policy at the National University of Singapore. His research focuses on public policy, political development, law and society, with special reference to China and Hong Kong. His research has been published in China Review, Asian Perspective, Journal of Contemporary Asia, and Law & Social Inquiry.
Daniel and Nancy Okimoto Conference Room