|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
Real Reality
Joined: 10 Jan 2003
Location: Seoul
|
 Posted: Thu Jun 09, 2005 4:55 am Post subject: Korea's GDP Ranks World's 10th Largest |
 |
|
Korea's GDP Ranks World's 10th Largest
This is the first time that Korea has ranked 10th in the OECD report.
By Kim Yon-se, Korea Times (June 8, 2005)
http://times.hankooki.com/lpage/biz/200506/kt2005060820553611880.htm
High-income economies
http://www.worldbank.org/data/countryclass/classgroups.htm#High_income
High-income OECD members (24)
Korea, Rep.
Switzerland
France
Luxembourg
United Kingdom
Germany
Netherlands
United States
Australia
Greece
New Zealand
Austria
Iceland
Norway
Belgium
Ireland
Portugal
Canada
Italy
Spain
Denmark
Japan
Sweden
Finland
http://www.worldbank.org/data/countryclass/classgroups.htm
The Member countries of the Organisation and the dates on which they deposited their instruments of ratification are:
AUSTRALIA: 7 June 1971
AUSTRIA: 29 September 1961
BELGIUM: 13 September 1961
CANADA: 10 April 1961
CZECH REPUBLIC: 21 December 1995
DENMARK: 30 May 1961
FINLAND: 28 January 1969
FRANCE: 7 August 1961
GERMANY: 27 September 1961
GREECE: 27 September 1961
HUNGARY: 7 May 1996
ICELAND: 5 June 1961
IRELAND: 17 August 1961
ITALY: 29 March 1962
JAPAN: 28 April 1964
KOREA: 12 December 1996
LUXEMBOURG: 7 December 1961
MEXICO: 18 May 1994
NETHERLANDS: 13 November 1961
NEW ZEALAND: 29 May 1973
NORWAY: 4 July 1961
POLAND: 22 November 1996
PORTUGAL: 4 August 1961
SLOVAK REPUBLIC: 14 December 2000
SPAIN: 3 August 1961
SWEDEN: 28 September 1961
SWITZERLAND: 28 September 1961
TURKEY: 2 August 1961
UNITED KINGDOM: 2 May 1961
UNITED STATES: 12 April 1961
http://www.oecd.org/document/58/0,2340,en_2649_201185_1889402_1_1_1_1,00.html |
|
| Back to top |
|
 |
rapier
Joined: 16 Feb 2003
|
| Posted: Thu Jun 09, 2005 5:48 am Post subject: |
|
|
It beats me how Korea has managed to progress so far economically, while being the inward looking, xenophobic, non english speaking nation that they are. They have zero natural resources, either.
Are they trafficking heroine or something? |
|
| Back to top |
|
|
Guri Guy
Joined: 07 Sep 2003
Location: Bamboo Island
|
| Posted: Thu Jun 09, 2005 5:56 am Post subject: |
|
|
| Huge American money certainly plays a huge factor. As well, the apologists can cry all they want but Japan set Korea on the path to what it is today by dragging it kicking and screaming into the 20th century. Koreans have certainly worked hard to get where they are but they certainly had a lot of help along the way. |
|
| Back to top |
|
|
Bulsajo
Joined: 16 Jan 2003
|
| Posted: Thu Jun 09, 2005 7:11 am Post subject: |
|
|
Korea Spends Less on Health
The South Korean government and private sector��s healthcare spending as a percentage of its economic size was the lowest among advanced economies, according to the Organization for Economic Cooperation and Development (OECD).
The latest data compiled by the OECD shows that the nation��s health spending accounted for 5.6 percent of the gross domestic product in 2003, the lowest among 30 OECD member nations.
http://times.hankooki.com/lpage/biz/200506/kt2005060922591011910.htm |
|
| Back to top |
|
|
itaewonguy
Joined: 25 Mar 2003
|
| Posted: Thu Jun 09, 2005 9:56 am Post subject: |
|
|
there are some filthy rich people here!
its amazing how the papers always says Koreas economy is bad right now!
they always say that!!! hahahahaha |
|
| Back to top |
|
|
Real Reality
Joined: 10 Jan 2003
Location: Seoul
|
| Posted: Thu Jun 09, 2005 10:38 am Post subject: |
|
|
| rapier wrote: |
It beats me how Korea has managed to progress so far economically, while being the inward looking, xenophobic, non english speaking nation that they are. They have zero natural resources, either.
Are they trafficking heroine or something? |
31 Convicted Businessmen to Be Given Amnesty
Thirty-one businessmen convicted of bribery, accounting fraud and other criminal charges will be given special amnesty on the occasion of Buddha's Birthday Sunday, the Ministry of Justice said Friday. The special amnesty is designed to restore the businessmen's honor and reinstate them so that they can concentrate on reviving the economy.
By Lee Jin-woo, Korea Times (May 13, 2005)
http://times.hankooki.com/lpage/200505/kt2005051317292810160.htm
Average Annual Salary of Top Executives: 441.4 Million Won
It was found out that the average annual salary of executive directors of the top 100 companies in Korea last year based on revenue was 441.4 million won, and that of salaried workers was 44.2 million won.
by Sang-Soo Kim, Donga.com (April 27, 2005)
http://english.donga.com/srv/service.php3?biid=2005042855498
Income Tax to Be Levied on Bribes
by Jung Sung-ki, Korea Times (April 22, 2005)
http://times.hankooki.com/lpage/nation/200504/kt2005042217230511990.htm
93% of Koreans Say Income Gap Serious
The respondents were grouped into three different categories; low income families earning less than 3 million won ($2,850) per month, middle-class families earning between 3-5 million won per month and high income families earning over 5 million won. Regardless of monthly income, over 90 percent of respondents agreed that the income gap is serious.
by Lee Jin-woo, Korea Times (February 16, 2005)
http://times.hankooki.com/lpage/200502/kt2005021617270310440.htm
5 Million Koreans Live in Poverty
More than 5 million Koreans are living in poverty, with one in every 10 people surviving on an income below minimum living expenses. According to a survey by the Ministry of Health and Welfare on Wednesday... The poor include those who earn less than the minimum living costs and those who make less than 1.36 million won per month.
By Bae Keun-min, Korea Times (May 25, 2005)
http://times.hankooki.com/lpage/biz/200505/kt2005052519085811910.htm
Strict league regulations dictate the terms under which foreign athletes can play... There is also a salary cap of $280,000 that must be divided between the two players. Their Korean counterparts can earn considerably more; Mr. McHone says that star players make between $350,000 and $400,000. "We do the work," Mr. Lang says wryly, "but we're at the bottom of the totem pole."
But it's impossible to ignore the foreign presence on the court, especially on the scoreboard. Mr. Won, the Thunders' translator, says he believes the two Americans take 60 to 80 percent of the playing load during any given game. Their contracts are rarely renewed for a second season, and the coaches consider constant turnover good for the team. Each team is allowed two changes in their foreign roster per year, meaning both players could potentially be replaced mid-season.
Foreign hoopsters get a crucial assist
by Chanel White and Kim Sun-jung, JoongAng Daily (February 14, 2005)
http://joongangdaily.joins.com/200502/13/200502132231128609900092309231.html
"No chair for foreigner" GM Daewoo head told
by Kim Tae-jin and Lee Ho-jeong, JoongAng Daily (January 18, 2005)
http://joongangdaily.joins.com/200501/17/200501172228551609900090509051.html |
|
| Back to top |
|
|
stumptown
Joined: 11 Apr 2005
Location: Paju: Wife beating capital of Korea
|
| Posted: Thu Jun 09, 2005 11:11 am Post subject: |
|
|
| Dude, do you ever make any comments or just quote articles? Are you trolling on the Korea Herald website under the name "forgotit"? |
|
| Back to top |
|
|
Real Reality
Joined: 10 Jan 2003
Location: Seoul
|
| Posted: Thu Jun 09, 2005 11:21 am Post subject: |
|
|
dude n.
Informal. An Easterner or city person who vacations on a ranch in the West.
Informal. A man who is very fancy or sharp in dress and demeanor.
Slang.
A man; a fellow.
tr.v. dud��ed, dud��ing, dudes
Slang. To dress elaborately or flamboyantly: got all duded up for the show.
interj. Slang
Used to express approval, satisfaction, or congratulations.
http://dictionary.reference.com/search?q=Dude
Used to express approval, satisfaction, or congratulations. |
|
| Back to top |
|
|
billybrobby
Joined: 09 Dec 2004
|
| Posted: Thu Jun 09, 2005 6:31 pm Post subject: |
|
|
| Guri Guy wrote: |
| Huge American money certainly plays a huge factor. As well, the apologists can cry all they want but Japan set Korea on the path to what it is today by dragging it kicking and screaming into the 20th century. Koreans have certainly worked hard to get where they are but they certainly had a lot of help along the way. |
who's crying? the apologists for japan? |
|
| Back to top |
|
|
weatherman
Joined: 14 Jan 2003
Location: Korea
|
| Posted: Thu Jun 09, 2005 6:53 pm Post subject: |
|
|
| Korea still has a lot of the economy off the books. I wonder how big the economy really is? A lot of people are doing extremely well. |
|
| Back to top |
|
|
Swiss James
Joined: 26 Nov 2003
Location: Shanghai
|
| Posted: Thu Jun 09, 2005 6:53 pm Post subject: |
|
|
| I would've thought this would be bad news for the 'whiners' who like to pull Korea down at every oppourtunity, not us 'apologists' |
|
| Back to top |
|
|
chance2005
Joined: 03 Apr 2005
|
| Posted: Thu Jun 09, 2005 8:10 pm Post subject: |
|
|
| Guri Guy wrote: |
| Huge American money certainly plays a huge factor. As well, the apologists can cry all they want but Japan set Korea on the path to what it is today by dragging it kicking and screaming into the 20th century. Koreans have certainly worked hard to get where they are but they certainly had a lot of help along the way. |
I disagree I don't think it was Japan. Japan may have built railroads but the large part of the industrial base was set up in what is now known as North Korea. That has come to nothing. South Korea was the bread basket, so a traditional agricultural economy predominated in the South. Japan exploited Korea not developed Korea. After the Korean war pretty much until the 80's Korea was poor and undeveloped. My thinking is that the U.S. was the main factor for Korea's extraordinary growth. Supplying the U.S. military, and obtaining construction and transportation contracts from the U.S. military during the Vietnam War kickstarted the Korean economy and later lead to Middle East construction projects in the 70's during the oil shock. Now of course they can thank themselves for all of their hard work and all also to a large extent the American consumer. |
|
| Back to top |
|
|
eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
|
| Posted: Thu Jun 09, 2005 8:30 pm Post subject: |
|
|
| Swiss James wrote: |
| I would've thought this would be bad news for the 'whiners' who like to pull Korea down at every oppourtunity, not us 'apologists' |
I've never seen a "whiner" deny Korea has a powerful economy. Some will tell you it's not down to Koreans themselves but I think that's a little churlish.
I put it down to the de-regulation policies the chaebol enjoyed for so many years. They made up their own business practices without interference from the government.
Give big business that kind of freedom and of course they will do well. Unfortunately, someone has to get the crappy end of the stick. That's where the common worker comes in. And the environment. The chaebol weren't the greenest thinking people. Still aren't. |
|
| Back to top |
|
|
tzechuk
Joined: 20 Dec 2004
|
| Posted: Thu Jun 09, 2005 10:13 pm Post subject: |
|
|
Korea tries to be competitive. Yes, they have a sizeable economy but it is VERY difficult to do business here. People assume that because it's Asia, everything should be cheap, like China. Well, that aint the case and salary and material costs are driving the total cost of production VERY HIGH.
You let Korean workers know that they are the 10th biggest economy in the world, they are just going to demostrate more to demand a higher salary.
They are already doing this and forcing a lot of manufacturers go out to have their factories in China. My husband outsources a lot of things to China too.
It's a vicious circle because we could have had those things made in Korea, which would mean keeping jobs, but because of the higher-than-it-should-be salary and material costs, we head out to China and these machine shops can't keep up and they go bankrupt, and their workers become jobless. And they demostrate again..
Sorry I am rambling. Ignore me. |
|
| Back to top |
|
|
Dan
Joined: 16 Jan 2003
Location: Sunny Glendale, CA
|
| Posted: Thu Jun 09, 2005 10:18 pm Post subject: |
|
|
| tzechuk wrote: |
Korea tries to be competitive. Yes, they have a sizeable economy but it is VERY difficult to do business here. People assume that because it's Asia, everything should be cheap, like China. Well, that aint the case and salary and material costs are driving the total cost of production VERY HIGH.
You let Korean workers know that they are the 10th biggest economy in the world, they are just going to demostrate more to demand a higher salary.
They are already doing this and forcing a lot of manufacturers go out to have their factories in China. My husband outsources a lot of things to China too.
It's a vicious circle because we could have had those things made in Korea, which would mean keeping jobs, but because of the higher-than-it-should-be salary and material costs, we head out to China and these machine shops can't keep up and they go bankrupt, and their workers become jobless. And they demostrate again..
Sorry I am rambling. Ignore me. |
This is a silly example. Every nation progresses. You can't expect 1 country to be making textiles forever at a fixed wage. Sure Korea was focused on manufacturing simple goods, but as time passes, they have moved onto to the high tech sector, producing computer memory, LCD screens, etc.
China has no intention to keep making clothing forever. They want money pouring into the country so they can advance and focus on more high tech industries as well. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
