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Wheels coming off U.S.-South Korean beef deal
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jdog2050



Joined: 17 Dec 2006

PostPosted: Sun Jun 08, 2008 6:43 pm    Post subject: Reply with quote

bassexpander wrote:
wylies99 wrote:
This FTA was a better deal for South Korea than the US. Guess that unlimited tourist visa for South Koreans visiting the US is off the table, too.


Stupid Koreans. Rolling Eyes


And my wife is angry that LMB doesn't try to negotiate for a "better" deal. I tried to explain to her that the USA hardly considers the deal to be fair the way it is, and they'd more than likely just dump the whole deal instead. People in the USA don't want the deal the way it's written.

She doesn't care. She'd rather eat overpriced Korean meat if the deal with America isn't "fair enough."

I'm hoping a large US tax on Samsung, LG, Kia, and Hyundai are next. It wouldn't do my pocketbook any good, but it would be quite fun to watch after all of this.


Not going to happen; America is becoming fairly addicted to Samsung and LG. But man oh man...it sucks seeing them shoot themselves in the foot so hard. And the one poster above with the doom and gloom scenario isn't too far off.

This is the worst time possible for the FTA deal to fall through. Korea is seeing foreign investors walking away from the country, and these protests merely confirm their suspicions as to why not to invest in the country.

Add on to that the price of gas, and the recent article about Korea dipping into it's foreign cash reserves to offset that price, and shit's looking ugly.
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bovinerebel



Joined: 27 Feb 2008

PostPosted: Sun Jun 08, 2008 6:54 pm    Post subject: Reply with quote

Samsung and Lg will be destoyed the moment china learns how to market and create brands. LG was Goldstar a few years back...If I was a rock star I wouldn't even throw a goldstar out of a window for the shame of being associated with one. Now there's a perception that it's "good" while it's really the same chunky cr@p with a nice little shiny marketing campaign.
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Imrahil



Joined: 04 Feb 2008
Location: On the other side of the world.

PostPosted: Sun Jun 08, 2008 6:55 pm    Post subject: Reply with quote

My wife is getting pissed off at the protests. The last few nights she has sat infront of the TV watching all the news about the protesters and complaining about them to me. She wants the beef deal to come through and thinks most of the koreans are acting stupid. She is very worried about how the protests are going to hurt Korea long term. She is also worried about the possible end to the FTA.
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Seoul_Star



Joined: 04 May 2007

PostPosted: Sun Jun 08, 2008 7:05 pm    Post subject: Reply with quote

I'd imagine that Korea is a large market for US beef, and that US suppliers can't find other places to dump their beef to offset the losses of cutting Korea off entirely.

What I'd really like to see is American beef suppliers voluntarily cutting off supply, followed by a large price increase by Australian and Korean suppliers to the point where the average Korean family will have trouble paying for beef. Higher taxes on Korean goods could certainly subsidize losses that American exporters would face. Despite what some said about Americans being "addicted" to Korean products, the Japanese have always done it better (cars, electronics, consumer goods). Korean companies are doing a better job of marketing in the USA. Japanese companies need to learn how to start marketing their products in the USA again and stop letting Korean companies edge into and control the markets.
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spliff



Joined: 19 Jan 2004
Location: Khon Kaen, Thailand

PostPosted: Sun Jun 08, 2008 7:08 pm    Post subject: Reply with quote

Hmmm, I would imagine "the average Korean family" already has problems paying for beef...it's not exactly cheap. The problem as I see it is not mad cow but the Korean beef producers who would be put out of business if cheap US beef became available.
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wylies99



Joined: 13 May 2006
Location: I'm one cool cat!

PostPosted: Mon Jun 09, 2008 12:51 pm    Post subject: Reply with quote

Spliff, they'll sell more at a lower price (and lower profit margin). They'll be fine.

They wanted the entire pie to themselves and, now, they're bringing down the entire house of cards known as the Korean economy.
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