Korean drama Squid Game has topped Netflix’s most-watched lists globally since its September release. But this week, a select group of people will be able to try their hand at the Korean playground games that contestants are tasked with in the show, without the deadly penalties.
On Tuesday, two groups of 15 pre-selected participants will take place in the games organised by the Korean Cultural Centre in Abu Dhabi. In keeping with the show, participants will wear uniforms featuring the Squid Game logo, while staff wear circle, triangle and square costumes.
The Korean Cultural Centre said: “The games seemed a bit brutal in the series to maximise the dramatic element, however, actually all the games in the series are popular games played by Korean children from the past to the present. KCC would like the people in the UAE to learn more about Korean culture by participating in the event.”
Green light, red light, glass stepping stones, the dalgona game, marbles and ttakji will all be played in five different rounds. In the Netflix show, participants die when they fail to complete the games, but ahead of the event, the Korean Cultural Centre stressed: “Regardless of the tournament, the eliminated players can participate in and watch the game separately without returning home.”
Nam Chan-woo, director of Korean Cultural Centre, says of the event: “Amid the global popularity of Squid Game, we have prepared this event to experience Korean play culture with many people in the United Arab Emirates.
“Just as K-pop has gained its worldwide popularity through YouTube in the 2010s, I think Netflix will be a channel for the global spread of Korean video content such as dramas and movies.”
The Korean Cultural Centre’s breakdown of the ‘Squid Game’ events:
1. Green light, red light
“The game is a very popular childhood game in Korea. Personally, I played it a lot during my childhood with my school friends and playmates in my neighbourhood. In Korean we say, ‘The roses of Sharon have blossomed,’ instead of Green Light and Red Light. The person whose movement is detected is eliminated,” says Nam. The KCC will use sponge guns in the game.
2) Glass stepping stones
For the recreation of this round, KCC plans to do the stepping stones on the floor, saying it will “run exactly the same as in the Squid Game series.”
3) The honeycomb toffee game aka the dalgona game
“After school on your way back home, you would see dalgona makers in front of your school. Korean children paid Dh1 or Dh2 10 to 20 years ago, so maybe Dh5 to Dh10 now, for one dalgona game.
“They all gathered together with their friends and try to take out the shapes marked. If you get the shape without any breaks, you get one more for free,” says Nam.
4) Marbles
“Two players will be paired to play a game with marbles, and those who exhaust all the beads will be eliminated. However, KCC will do even or odd game with the marbles,” say Nam. “This is also a very common childhood game among Koreans.”
5) Ttakji
Similar to the game played in the first episode of the show, the player who flips over the other’s paper ttakji first will be the winner.
“This is a traditional Korean game; we play ttakji with friends and family during the holidays, such as New Year’s Day or Thanksgiving,” says Nam. “Koreans use old calendars to make them because they are usually hard enough to make a durable ttakji.”
UAE squad
Rohan Mustafa (captain), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
Bharatanatyam
A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
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