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gay in korea
Joined: 13 Jan 2010
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Cerberus
Joined: 29 Oct 2009
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 Posted: Sun Jan 31, 2010 4:10 am Post subject: Re: What does the rest of the world think when they read thi |
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| gay in korea wrote: |
http://www.economist.com/businessfinance/displayStory.cfm?story_id=15398293&source=hptextfeature
So for those in Korea and who have studied it or are in someway knowledgeable about the affairs of the nation, we probably shrug and think 'par for the course'. But does anyone have any idea of how 'an outsider' would react to the content of that story?
Curious... |
I'm not a lawyer, but I'd love to know how a court ruled that a sale of stock in a supposedly public traded company was ruled as legal at lower than prevailing market prices 
I think I just don't understand "Korean culture". 
which btw. would be Korea's answer to the Economist and the rest of the world
"you just don't understand Korean culture".
Last edited by Cerberus on Sun Jan 31, 2010 4:11 am; edited 1 time in total |
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redaxe
Joined: 01 Dec 2008
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| Posted: Sun Jan 31, 2010 4:11 am Post subject: |
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| "I'm not buying any more Samsung products" |
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Cerberus
Joined: 29 Oct 2009
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| Posted: Sun Jan 31, 2010 4:13 am Post subject: |
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| redaxe wrote: |
| "I'm not buying any more Samsung products" |
I could care less about how internally/externally corrupt the company is.
I'm not buying any Samsung stock.
but their products? so long as cheaper than competition's and of reliable quality, why not? |
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Sadebugo1
Joined: 11 May 2003
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| Posted: Sun Jan 31, 2010 4:49 am Post subject: Re: What does the rest of the world think when they read thi |
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| gay in korea wrote: |
http://www.economist.com/businessfinance/displayStory.cfm?story_id=15398293&source=hptextfeature
So for those in Korea and who have studied it or are in someway knowledgeable about the affairs of the nation, we probably shrug and think 'par for the course'. But does anyone have any idea of how 'an outsider' would react to the content of that story?
Curious... |
To answer your question, most readers of 'the Economist' wouldn't really care enough about Korea to take note unless they were considering investing there. Then, they would have second thoughts.
Sadebugo
http://travldawrld.blogspot.com/ |
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Old Gil
Joined: 26 Sep 2009
Location: Got out! olleh!
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| Posted: Sun Jan 31, 2010 5:01 am Post subject: |
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"The family, after all, must be honored"
That sounds like a not very subtle 'they're mafia' observation. |
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Gibberish
Joined: 29 Aug 2009
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| Posted: Sun Jan 31, 2010 5:03 am Post subject: |
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So basically a rich guy gets away with mass corruption and embezzlement because he's rich and powerful?
Yeah, shocking to say the least. Korea Sparkling  |
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gay in korea
Joined: 13 Jan 2010
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| Posted: Sun Jan 31, 2010 5:07 am Post subject: |
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| Gibberish wrote: |
So basically a rich guy gets away with mass corruption and embezzlement because he's rich and powerful?
Yeah, shocking to say the least. Korea Sparkling |
it's not just that he gets away with it, he's honored in his release...
If I were any country competing against them for the Olympics I would be trotting this out at every turn:
Reporter: "country X, why does your country deserve the Olympics more than Korea?"
Country X representative: "Because our country doesn't pardon and then use criminals to try to win the olympics." |
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T-J
Joined: 10 Oct 2008
Location: Seoul EunpyungGu Yeonsinnae
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| Posted: Sun Jan 31, 2010 5:25 am Post subject: |
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| I think we should protest by quiting our jobs and leaving Korea in a huff, with our noses held high. That will show them. You guys go ahead, I'm right behind you... |
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vaticanhotline
Joined: 18 Jun 2009
Location: in the most decent sometimes sun
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| Posted: Sun Jan 31, 2010 5:33 am Post subject: |
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It's not exactly as if this kind of thing doesn't happen in the West. Check this out from back home:
"Effectively, the logic of the Shipsey report is that since both Jim Flavin�s business peers and his legal and tax advisers believed (wrongly) that the transaction was okay, then no legal action can be taken against him. Breaches of company law that would result in serious criminal sanctions in other countries are okay in Ireland so long as they fall within the Irish definitions of �genuine belief�.
http://www.irishtimes.com/newspaper/opinion/2010/0126/1224263113389.html |
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gay in korea
Joined: 13 Jan 2010
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| Posted: Sun Jan 31, 2010 5:36 am Post subject: |
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vatican, I was mainly asking/thinking in context of Korea's attempts to be taken more seriously and with their concern for their standing and 'ranking' in the world.
Rich people get off all the time, though this is a pretty egregious example. But most countries don't seem so concerned with their reputation as Korea. |
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frankly speaking
Joined: 23 Oct 2005
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| Posted: Sun Jan 31, 2010 5:51 am Post subject: |
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"I could care less"
Cerebrus, isn't the correct statement
"I couldn't care less."
If you could care less, then you would.
Your other points I agree with.
Last edited by frankly speaking on Sun Jan 31, 2010 8:25 am; edited 2 times in total |
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kabrams
Joined: 15 Mar 2008
Location: your Dad's house
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| Posted: Sun Jan 31, 2010 6:09 am Post subject: |
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| frankly speaking wrote: |
"I could care less"
Cerebrus, isn't the correct statement
"I couldn't care less."
If you could care less than you would.
Your other points I agree with. |
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Cerberus
Joined: 29 Oct 2009
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| Posted: Sun Jan 31, 2010 8:28 am Post subject: |
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| frankly speaking wrote: |
"I could care less"
Cerebrus, isn't the correct statement
"I couldn't care less."
If you could care less, then you would.
Your other points I agree with. |
you are correct. I stand corrected. |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Sun Jan 31, 2010 2:30 pm Post subject: Re: What does the rest of the world think when they read thi |
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| Sadebugo1 wrote: |
| gay in korea wrote: |
http://www.economist.com/businessfinance/displayStory.cfm?story_id=15398293&source=hptextfeature
So for those in Korea and who have studied it or are in someway knowledgeable about the affairs of the nation, we probably shrug and think 'par for the course'. But does anyone have any idea of how 'an outsider' would react to the content of that story?
Curious... |
To answer your question, most readers of 'the Economist' wouldn't really care enough about Korea to take note unless they were considering investing there. Then, they would have second thoughts.
Sadebugo
http://travldawrld.blogspot.com/ |
Sadly, second thoughts on NOT investing in Korea. That kind of act is indicative of a country ready to give a free hand to the corporations- music to the ears of morally gray or black investors. It smacks of the same attitude as in the States with the whole banking system.
EDIT- It should be noted that while nepotism can lead to stagnation and certainly is far from ideal, it does have the virtue of leading to longer-term thinking. An independent head and shareholders are more driven by short-term quarterly gains. A company with a 'family outlook' is more willing to see profit down the road and ensuring the viability of the company for generations. This isn't a rule, but it is a guideline. |
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