Korean Job Discussion Forums

[mercury]

So they are getting pretty hungry, like China, and India. This is bad news for Korea. Korea has depended on Russian ideas and "ladies"...of the night..... and patents for the past decade, now it seems they will have a good reason to stay home.
More money, less honey for kland

http://www.usatoday.com/money/world/2007-06-09-russia-top-economies_N.htm


ST. PETERSBURG, Russia (AP) � A top official seen as a potential Kremlin favorite to succeed President Vladimir Putin next year pledged Saturday that Russia would transform itself into a high-technology and industrial powerhouse and enter the top five world economies by 2020.
In his opening address at an economic forum in St. Petersburg, First Deputy Prime Minister Sergei Ivanov said Russia was taking steps to diversify an economy heavily dependent on oil and gas exports and further open it to investment.

He spoke amid chilly relations with the West and concerns over the fate of a gas development project controlled by Britain's BP PLC.

"Our human capital is the foundation for diversifying our economy," Ivanov told an audience of government officials and CEOs gathered for the 11th St. Petersburg Economic Forum.

The forum is one of the final high-profile opportunities for Putin to boast of Russia's oil-driven economic growth during his presidency and to dispel fears the nation is becoming an increasingly risky investment because of its growing political estrangement from Europe and the United States.

FIND MORE STORIES IN: Russia | Russian | Kremlin | St. Petersburg | Official | President Vladimir Putin | Deputy Prime Minister | Sergei Ivanov | By Grigory Dukor, Reuters
It brings together a number of corporate heavyweights, testimony to the investment potential of Russia's booming economy despite Moscow's increasingly strained diplomatic and political ties with the West.

Some $3.3 billion worth of deals are expected to be signed, including a $135 million agreement with Japan's Suzuki Motor Corp. to build a car plant outside the city.

Ivanov sought to allay fears that Russia was taking a more authoritarian path under Putin, who has been criticized for muzzling media and backtracking on democracy.

"What will Russia be like in 2020? It will be democratic, based on the rule of law, and it will respect the rights of individual," Ivanov said.

He also predicted it would control at least 10% of world production in nuclear energy, aviation, space industry, shipbuilding, software and nanotechnology. While Russia is creating state holding companies to oversee these sectors, they would work in close cooperation with foreign corporations, he said.

Copyright 2007 The Associated









Here is the reason Samsuck has been doing so well...........



Want Innovation? Hire A Russian
Korean companies are cashing in by signing up low-cost engineers

Few companies have made a bigger splash in global markets in recent years than Samsung Electronics Co. The South Korean company has blasted past its Japanese and U.S. competitors to take a big share of the international electronics and mobile-phone markets. Last year it boasted profits of $5.1 billion on revenues of $37 billion. And one key to Samsung's success has a surprising address: 1 Bolshoi Gnezdnikovsky Lane, Suite 300, in Moscow.

That's the home of the Samsung Research Center. Opened in 1993, it now employs 80 engineers and scientists and was largely responsible for 50 international patents in 2003 alone. Among the Russians' achievements: frequency-filtering technology, which vastly reduced noise on Samsung's now-ubiquitous mobile phones. "Russia is our No.1 destination for technology outsourcing," says Cha Dae Sung, who is in charge of "global technological cooperation" for Samsung.

And Samsung is not alone. LG Electronics, Daewoo Electronics, and hundreds of smaller companies rely heavily on Russian engineers, who labor either from Korean suboffices in Moscow or in the office towers of Seoul. "There's an enormous pool of scientific and engineering talent we can tap into in Russia," says Song Yong Won, Russia specialist at the state-run Korea Institute of Science & Technology.

COOLING PIPES. Examples of Russian technical prowess abound. It was a Russian scientist, Elena Klalkina from Moscow State University, who ironed out problems in developing the highly efficient cooling pipes that are a crucial component of LG air conditioners. Another Russian played a role in the invention of the long-lasting carbon-coated recording heads that helped Daewoo sell 4.2 million VCRs last year. And it was Russia's Institute for Information Transmission Problems in Moscow that helped develop the image-processing chips in Samsung's digital TVS.

Why are so many Russians working for Koreans? Partly because Russia itself has been so slow to develop its homegrown industries. Moreover, Korea can no longer depend on its traditional industrial patron, the Japanese. It was Mitsubishi Motors that taught Hyundai Motor to build cars, Nippon Steel that helped build Posco's first steel mill, and Sanyo that introduced television technology to Samsung. Now these companies are Japan's fiercest competitors, and Tokyo is not so generous with its expertise.

So Korea's industrial chieftains turned northward to exploit Russia's underemployed educated class. An electrical engineer working for a Korean company pulls down $3,000 to $5,000 a month, five times more than a similar job pays in Russia. "The beauty of employing Russian engineers is that they offer excellent stuff at a much lower cost than their Western equivalents," says Han Jeung Su, a director at Salus Biotech Corp. Salus' claim to fame: It has sold 70,000 vials of a hangover remedy, called KGB, based on a treatment developed to remove toxic substances from the bloodstreams of Russian cosmonauts.

Uses have also been found for technology developed by the Soviet military. ChungHo Nais Co. of Seoul has adapted an electronic plate that was once used to cool Soviet tanks in Afghanistan for use in chilling drinking water. The technology was also used for a three-compartment appliance that chills, ferments, and stores kimchi, the spicy pickled cabbage found on every Korean dinner table.

If the Korean government has anything to do with it, the Russian contribution will get stronger. Seoul is helping some 60 Korean startups with $19 million in grants and loans to tap underused Russian technology. "We want to act as a go-between to match Korean startups with Russian scientists," says Kim Sang Hwan, an exec at the state-run Korea Techno-Venture Foundation. And as long as the money is good, the Russian inventors will never say nyet to prospective Korean employers.

[GoldMember]

Russian Scientists and PHd's are of a very high standard. Full marks to the Koreans to be smart enough to recognize this, and take advantage of the opportunity.
Our countries do the same to a lesser extent and the dumb way. We import the Rusian scientists (immigrants) and then pay them full wages. Much smarter and cheaper to keep them in Russia, and pay them less.

Have spoken to a few of the Poles/Russians, usual comments are, the money is better, but they don't like their Korean masters.

Then again 30 years ago, Korea was an exporter of cheap labor, mostly to the middle east. I'm sure back then the Korean workers said exactly the same thing.

[billybrobby]

Hmm, a politician pledges economic growth? Hold on to your hats, folks, our whole world is going to be turned upside down!

[newteacher]

[jinju]

Russia in the top 5?

Um, what in their history of poverty, corruption, etc would lead anyone to think that they could get in the top 5? How will they be counting this anyway? The same way that China is supposedly in the top 5 yet most of their prople live in poverty, dont have an education and cant read? Yet, ofcourse, just by the size of the GDP China is an economic power. The ting is that nobody in their right mind would want to come back as a Chinese outside a handful of cities in their next life. Same with Russia. The problem with Russia is that AIDS and alcoholism and other diseases are eating that country alive. Whats the life expectancty there now anyway? The projcted demographics arent too rosy - the population of Russia is expected to be under 100 million pretty soon. The crime is out of control. People are drinling themselves to death. But they got gas.

[in_seoul_2003]

We are talking about the same country that has long been known for sending people into space and making nuclear bombs when very few else could. It's a matter of priorities: if Russia wants to become a world class manufacturer of phones, cars, computers, microchips, etc, they will.


Oh, let's not forget, they are also sending Korea's first space-tourist up to space, so Koreans shouldn't get all tsk tsk about this.

[SPINOZA]

Have you noticed how countries which have valuable natural resources in huge quantities - oil (Middle East w@nkers), gas (Russian w@nkers) - are such utter douchbag countries? Start mining Uranium and building nuclear power stations by the thousand, invest in the West, and lets have those w@nkers where they belong - by the bollocks.

[indiercj]

Don't you all belong more or less to the "underemployed educated class?"

[mervsdamun]

[12martians]

Samsung receives 2000+ patents a year. The 50 Russians patents, while nice are a very tiny percentage of total. Nice try.

[xingyiman]

[blaseblasphemener]

[recoba]

[Cheonmunka]

Great, 40 million more Suzuki's to be built all dependent on oil.