Moon, Kishida agree to accelerate consultations to resolve forced labour row

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Seoul, Oct 16 | South Korean President Moon Jae-in and Japanese Prime Minister Fumio Kishida have agreed to accelerate diplomatic consultations between the two countries to resolve a protracted row over wartime forced labour, the presidential office Cheong Wa Dae said.

The two leaders reached the agreement on Friday during their first phone call since Kishida took office last week, as they shared a consensus on the need for developing relations between the two countries in a future-oriented manner, Yonhap News Agency quoted a statement from Cheong Wa Dae spokesperson Park Kyung-mee as saying.

Relations between South Korea and Japan have been stuck in the force labour row for years since Tokyo imposed export curbs against Seoul in 2019 in retaliation against South Korean Supreme Court rulings that Japanese firms should pay compensation to forced labour victims.

Japan has claimed all reparation issues stemming from its 1910-45 colonial occupation of the Korean Peninsula were settled under a 1965 treaty that normalized relations between the two countries, and urged the South to come up with acceptable solutions.

“There are differences in legal interpretations of” the 1965 agreement, Moon was quoted as telling Kishida.

“I believe it would be desirable to pursue a diplomatic solution between the two countries and hope to accelerate consultations and communication between diplomatic authorities.”

Kishida explained Japan’s position and agreed to accelerate diplomatic discussions, the statement said.

Moon also called for Kishida to find a solution for the sexual enslavement of Korean women by Japan’s army during World War II.

According to historians, up to 200,000 women, mostly Koreans, were coerced into sexual servitude in front-line Japanese brothels during World War II, when the Korean Peninsula was a Japanese colony.

Moon told Kishida time is running short for the two nations to resolve the wartime sexual slavery issue, saying only 13 registered survivors of Korean victims of Japan’s wartime sexual slavery are alive in Korea.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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