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Korean reaction to Fitch economic report called "immatu

 
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Sat Mar 21, 2009 3:58 pm    Post subject: Korean reaction to Fitch economic report called "immatu Reply with quote

Who would have expected this kind of reaction?


http://www.koreatimes.co.kr/www/news/biz/2009/03/123_41705.html
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weatherman



Joined: 14 Jan 2003
Location: Korea

PostPosted: Sat Mar 21, 2009 4:52 pm    Post subject: Reply with quote

Just shows how much the government drones know about the economy. The government only wants polished turds, now go way Fitch!
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traxxe



Joined: 21 Feb 2007

PostPosted: Sat Mar 21, 2009 5:20 pm    Post subject: Reply with quote

You know I don't think North Korea and South Korean behavior and responses to negative stimuli are all that different. A lot of people identify a unique behavior pattern with North Korean politics. Read Negotiating on the Brink for instance.

When it comes down to it I think North and South politics are distinctly a Korean quality. The current situations in each country dictate the nature of the responses.

North Korea is starving, facing eventual collapse, and its response involves a military state, irrational immaturity, jailing anyone who might dissent. It maintains a huge xenophobic posture.

South Korea is economically better off, facing growth, and its response is to jail anyone who might dissent and threaten its status economicallly (Minerva), threaten to sue any sign of foreign negative reports (this example) and to act with irrational immaturity. Oh, and it still remains xenophobic but open to the point where it maintains its economic benefit.

If this economy crumbled and put the country in the decline I could see two North Koreas. Not just one. I think the behavior is indicitive of Korean culture and not just one mad man in power. Fortunately U.S. military presence and investments will keep that from happening.

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marlow



Joined: 06 Feb 2005

PostPosted: Sat Mar 21, 2009 5:38 pm    Post subject: Reply with quote

Very head-in-sand, too.

Korea is NOT in good shape.

http://media.economist.com/images/20090228/CFN035.gif




It says it all. Poland's their sister!!!! Shocked
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Scotticus



Joined: 18 Mar 2007

PostPosted: Sat Mar 21, 2009 7:22 pm    Post subject: Reply with quote

traxxe wrote:
Fortunately U.S. military presence and investments will keep that from happening.


Yeah, just like how we stopped them from being a repressive dictatorship until the late 80's. Oh, wait...
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