Korean Job Discussion Forums

[Stan Rogers]

http://www.bloomberg.com/news/2014-08-20/samsung-told-by-tax-man-to-use-apple-topping-cash-korea-markets.html

The President thinks they should start spending all that money they've piled up. Maybe this would be a good place to start.

http://english.yonhapnews.co.kr/news/2014/08/21/0200000000AEN20140821007200315.html

[KimchiNinja]

"The aim is to create a virtuous cycle and recirculate corporate earnings back to households."

Interesting, and I think a good example of Korean government/business people seeing the big picture. In the US income inequality just gets bigger; the corporations investment their money (abroad) and it's poof gone. In KR the government is influencing the corporation to route those profits back to the citizens.

After all, if the people don't benefit from the existence of the corporation, what was the point of creating the corporation.

[actionjackson]

[atwood]

Interesting policy idea, if it works.

Corporations could try to hide the money overseas or could just decide it's better in the long run to pay the taxes. It would be great if they would invest some of the excess cash, but you need ideas about how and where to invest and as the fermented cabbage commando so eloquently put it on another thread, "This is Korea."

If the government really wanted to help "the people," they'd hire Marshall Sheriff Lucky: http://www.youtube.com/watch?v=zqHZWdFVyyQ

[KimchiNinja]

[KimchiNinja]

[wanderkind]

I'm curious what sort of effect this will have on their stocks.

"GUYS, YOU'RE TOO FLY, LIKE SERIOUSLY IT'S GETTING RIDICULOUS, WE'RE GOING TO HAVE TO REGULATE YOU" is a convincing endorsement, but it's also saying their war chest is going to be downsized.

Edit:
Addressed somewhat in the article, but I meant more a few months down the road.

[KimchiNinja]

[liveinkorea316]

Samsung increasingly does its work off shore in factories is China, USA Indonesia and projects in the Middle East.

A more long term policy by the government would hsve been developing jobs at home which Hyundai and Samsung seem reluctant ti do without cheap overseas Labour and massive tsx breaks. Not helpful to ordinary Koreans.

This is why there is an employment problem in Korea ad money will not solve it because more department stores and restaurants is not real jobs. All the productive jobs have been going offshore for 10 years since Korea became too expensive.

Sparkling**

[happiness]

The power of Samsung and the companies that work with it will keep us NETS in jobs. No way will parents give up on their kids English studies esp when Samsung and the others are building more and more overseas. Its a perpetual wheel of study!

Bad for kids, good for business.

[atwood]

[happiness]

Korea isnt hell at all man. Some people here need a bitchslap (and to be right, so do some of us), bur Korea is a good place to hang, live, visit.

[atwood]