Republic of Korea: Selected Issues

,

doi:10.5089/9781484341636.002

IMF Staff Country Reports

2018

DOI: 10.5089/9781484341636.002

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Republic of Korea: Selected Issues

Abstract: This Selected Issues paper on Republic of Korea was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 27, 2017.

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2023

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The massifying consumption of embodied goods in an advanced capitalist state: Capital, economic anxieties and social networks

2023

Asia Pacific Viewpoint

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Embodied goods like cosmetic surgery comprise a unique and growing consumer industry, most of all in the Asia‐Pacific, yet the rationalisation processes motivating their purchase are less understood. Addressing this lacuna, this article builds upon open‐ended surveys and semi‐structured interviews of consumers in Seoul, South Korea to articulate a relational approach to examine the rationalisation of purchases of cosmetic surgery as an embodied good. Theorised through the conceptual lens of Bourdieusian capital, participant accounts point to macro‐level economic anxieties that inform a micro‐level cognitive logic of competition through which consumers rationalise the purchase of embodied goods as a form of aesthetic capital. When performed, this capital is believed to offer actors social distinction that provides workplace and social networking advantages by impressing gatekeepers and alters. Participants are shown to reconceptualise their bodies in a means‐end orientation for upward mobility but stress their resignation and powerlessness in being forced to adopt this instrumental reconceptualisation as a response to intensifying economic hardships in contemporary capitalist South Korea.

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The massifying consumption of embodied goods in an advanced capitalist state: Capital, economic anxieties and social networks

2023

Asia Pacific Viewpoint

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Republic of Korea: Selected Issues

Abstract: This Selected Issues paper on Republic of Korea was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 27, 2017.

Cited by 1 publication

References 47 publications

The massifying consumption of embodied goods in an advanced capitalist state: Capital, economic anxieties and social networks

The massifying consumption of embodied goods in an advanced capitalist state: Capital, economic anxieties and social networks

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