Korean Job Discussion Forums

[nicholas_chiasson]

Wow so I want to teach a stock market class to high schoolers(they are so low level I can teach them anything I want, and they are mostly going to reform school anyway) and am doing research.
Why is GE a massive company traded under one simple symbol and stock, while Samsung is broken into like thirty? Well the answer is because the Samsung family can't own all the companies, or something. So they have circular holdings in which the same people have a controlling stake in everything while not OWNING everything. How dumb can the Korean SEC be?

[Kuros]

I'm interested in this topic; so consider changing the title of the thread.

What was the original intention of the laws that forbade Samsung from trading under one listing?

And I don't understand how there can be 30 boards of directors for Samsung. Am I missing something here?

[Stevie_B]

[Whistleblower]

Isn't it also against anti-monopoly laws in Korea? Just guessing but if they were able to control everything before the IMF then it doesn't suggest they have something like the EU's rules on monopoly's and M&A's.

[visitorq]

Isn't it just broken up into trusts? Japanese keiretsu (like Mitsubishi) have a similar thing, but their stock is dispersed and mostly public. As far as I know, large Korean firms are still owned mostly by their founding families, just broken up into trusts as a smoke screen.

[bobranger]

"Korean Chaebols are stupid" is that the name of the course? If it is, please take a picture of your principals reactions to your course outline. Keep me posted on your teaching results. Good Luck. We all need it.

[nicholas_chiasson]

I'm waiting, just waiting for one of you MA in econ. types to do a piece in the WSJ or Economist about how outrageous the korean economy is. I'm sorry but I'm not up for the technical jargon or number crunching that would be invovled in such a project. All I'm good for is translations from the Russian.
-In other words any SERIOUS attempt to grapple with this issue would be hamstrung by my lack of economics. Nobody wants to read a poor english teacher's take on world finance.
-So remember don't hate the Koreans. Hate Korea. Its ruining their lives as well.

[4 months left]

Another reason conglomerates are broken up is because a stock's price goes up based on future expectation of growth in a company. When companies get too big - GE, Microsoft, Samsung - for those to keep growing is very difficult. If you break up those companies they have the opportunity to grow and hence are called "Growth Companies."

Larger companies are bought for safety in bad times, for people getting near retirement age, conservative investors and often pay dividends for another source of income. To make capital appreciation off these companies, analysts try to determine when the current value of the company is not reflected in the price and are thus "Value Companies."

[GoldMember]

Actually, they are damm smart.
They own the Polititians
They own the Judges
They own the Police
They own the Media
They own the Bank of Korea
They have brainwashed the public with Nationalistic (actually pro Chaebol) propaganda, therefore they own the people.

[PRagic]

Here's a link to get you started. Enjoy!

http://www.allbookstores.com/search?type=any&q=chaebol