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Troll_Bait
Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)
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 Posted: Mon Dec 17, 2007 10:34 pm Post subject: Will Korean Companies Survive This Century? |
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http://www.koreatimes.co.kr/www/news/special/special_view.asp?newsIdx=12980&categoryCode=175
It's a bit of an old article, but it isn't dated, and ties in well with this topic. The author uses as examples American and Japanese (but not Korean) companies, leaving us to decide for ourselves the answer to the question: "Will Korean companies survive this century?"
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To bring the Indian operations up to Japanese standards, however, the company recognizes that it needs to send some of its staff on long-term assignments to India for cross training and development. Unfortunately, very few Japanese are willing to take on longterm assignments in developing countries. Beyond that, there is a very strong �not invented here� (NIH) mentality at the company, so that all core, critical processes tend to be centralized in Japan.
This NIH mentality is reinforced by the corporate standard for communication being Japanese . a language mastered insufficiently by most non-Japanese employees. The language barrier in turn makes it difficult for many Japanese managers to trust their non-Japanese counterparts to adequately perform their work at the same level as the Japanese. |
Sound familiar? |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Tue Dec 18, 2007 4:34 am Post subject: |
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| Yes. Korean companies, Samsung, LG, SK have a huge advantage over Western companies, they are highly protected, have zip competition in Korea, plus they own the government (Judges, police, polititians). Soon they will also own the banks in Korea if Lee Myeong Bak has his way. |
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Netz
Joined: 11 Oct 2004
Location: a parallel universe where people and places seem to be the exact opposite of "normal"
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| Posted: Tue Dec 18, 2007 4:38 am Post subject: |
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Both these countries have a huge sense of entitlement coupled with their overblown cultural ego, justifying their "need" for 90% of the world to play by their rules.
It's actually more of an inferiority complex on a national level, reinforced by years of blatant government propaganda proclaiming their "greatness". Not so very different from what still happens in North Korea today.
The argument usually seems to revolve around 2000+ years of history (so it MUST be the right way), and their self-perceived 'superiority" in most matters.
The most amusing aspect to it all is that they honestly believe they can guilt or shame the rest of the world into adapting to their way, rather than take the path of least resistance and join the global community.
To answer your question though, I'd say it's a miracle that Korea itself has survived this long, in fact about 50 years ago it almost disappeared off the face of the map completely.
I guess that's too short a stretch for people�s memories though, just keep focusing on the 2000+ years that came before it, unless it is commentary on Korean-Japan relations, in which case we�ll ONLY focus on the last 50 years.
Oh well, the previous 2000+ years of history have made them predictable, if nothing else. |
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pastis
Joined: 20 Jun 2006
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| Posted: Tue Dec 18, 2007 5:52 am Post subject: |
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| Netz wrote: |
Both these countries have a huge sense of entitlement coupled with their overblown cultural ego, justifying their "need" for 90% of the world to play by their rules.
It's actually more of an inferiority complex on a national level, reinforced by years of blatant government propaganda proclaiming their "greatness". Not so very different from what still happens in North Korea today.
The argument usually seems to revolve around 2000+ years of history (so it MUST be the right way), and their self-perceived 'superiority" in most matters.
The most amusing aspect to it all is that they honestly believe they can guilt or shame the rest of the world into adapting to their way, rather than take the path of least resistance and join the global community.
To answer your question though, I'd say it's a miracle that Korea itself has survived this long, in fact about 50 years ago it almost disappeared off the face of the map completely.
I guess that's too short a stretch for people�s memories though, just keep focusing on the 2000+ years that came before it, unless it is commentary on Korean-Japan relations, in which case we�ll ONLY focus on the last 50 years.
Oh well, the previous 2000+ years of history have made them predictable, if nothing else. |
Korea and Japan are a lot different. Japan doesn't have to prove itself, it's been a major world power for over a century, still has the second largest economy in the world, and has done more to build up the rest of Asia in the past 50 years (incl. Korea) than any other country. Korea is nowhere in the same league. |
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pastis
Joined: 20 Jun 2006
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| Posted: Tue Dec 18, 2007 5:59 am Post subject: |
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| GoldMember wrote: |
| Yes. Korean companies, Samsung, LG, SK have a huge advantage over Western companies, they are highly protected, have zip competition in Korea, plus they own the government (Judges, police, polititians). Soon they will also own the banks in Korea if Lee Myeong Bak has his way. |
This is true. However, companies like Samsung will also survive because they have become global brands. The real question is whether or not the rest of the Korean economy (namely heavy industry and important sectors like shipbuilding) will survive increased competition from big China. I'm no expert, but I have my doubts. |
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hugo_danner
Joined: 21 Jun 2006
Location: korea
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| Posted: Tue Dec 18, 2007 1:26 pm Post subject: |
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| They'll survive, but when you enter either Korea's there will be a sign, "Welcome to Korea. A wholly owned subsidiary of China, Inc." |
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Troll_Bait
Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)
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| Posted: Tue Dec 18, 2007 7:07 pm Post subject: |
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| GoldMember wrote: |
| Yes. Korean companies, Samsung, LG, SK have a huge advantage over Western companies, they are highly protected, have zip competition in Korea, plus they own the government (Judges, police, polititians). Soon they will also own the banks in Korea if Lee Myeong Bak has his way. |
Protectionism works well when an economy is beginning to industrialize. However, once it's fully modernized, excessive protectionism can actually be a damper to further economic growth.
| pastis wrote: |
| This is true. However, companies like Samsung will also survive because they have become global brands. The real question is whether or not the rest of the Korean economy (namely heavy industry and important sectors like shipbuilding) will survive increased competition from big China. I'm no expert, but I have my doubts. |
While I'm sure that Samsung factories will survive, I'm not sure that they'll survive as Samsung factories. That is, they could be bought out.
Over here are some links to an interesting newspaper article which relates how China Mobile has more of the global wireless communications market than DoCoMo, a Japanese company. |
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winterwawa
Joined: 06 May 2007
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| Posted: Tue Dec 18, 2007 9:59 pm Post subject: |
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| hugo_danner wrote: |
| They'll survive, but when you enter either Korea's there will be a sign, "Welcome to Korea. A wholly owned subsidiary of China, Inc." |
The first post I have ever read on Dave's that actually made me LOL. |
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markhan
Joined: 02 Aug 2006
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| Posted: Wed Dec 19, 2007 2:11 am Post subject: |
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| hugo_danner wrote: |
| They'll survive, but when you enter either Korea's there will be a sign, "Welcome to Korea. A wholly owned subsidiary of China, Inc." |
Amusing and ignorable given that Americans are the one who is actually imprisoned by their reliance on Chinese goods with easy credit. Chinese has 1 trillon dollars in reserve. Not 1 billion, 1 freaking trillon dollars.
So typical of ignorable Westeners who because it happens in Japan, think it will happen in Korea also.
They think all Asian nations are the same. |
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Sleepy in Seoul
Joined: 15 May 2004
Location: Going in ever decreasing circles until I eventually disappear up my own fundament - in NZ
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| Posted: Wed Dec 19, 2007 2:57 am Post subject: |
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| markhan wrote: |
Amusing and ignorable given that Americans are the one who is actually imprisoned by their reliance on Chinese goods with easy credit. Chinese has 1 trillon dollars in reserve. Not 1 billion, 1 freaking trillon dollars.
So typical of ignorable Westeners who because it happens in Japan, think it will happen in Korea also.
They think all Asian nations are the same. |
What does 'ignorable' mean? |
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hugo_danner
Joined: 21 Jun 2006
Location: korea
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| Posted: Wed Dec 19, 2007 3:24 am Post subject: |
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| markhan wrote: |
| hugo_danner wrote: |
| They'll survive, but when you enter either Korea's there will be a sign, "Welcome to Korea. A wholly owned subsidiary of China, Inc." |
So typical of ignorable Westeners who because it happens in Japan, think it will happen in Korea also.
They think all Asian nations are the same. |
And typical of the idiot posters on Dave's who have a BA and think they know everything. But in reality have their head up their ass, like this moron! |
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ruffie
Joined: 11 Oct 2006
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| Posted: Wed Dec 19, 2007 6:44 am Post subject: |
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| Don't worry, God always takes care of Korea..in his own just, special way. |
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Hollywoodaction
Joined: 02 Jul 2004
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| Posted: Wed Dec 19, 2007 7:46 am Post subject: |
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Nah, the Illuminati will take control of all corporations and then form a totalitarian government.  |
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