Korean Job Discussion Forums

[R-Seoul]

This is Korean bashing, or racism as some people call it, at its worst. Time to lock the thread...

[Ilsanman]

Since America's savings rate is in the negatives, it's not that hard to be better than that.

Last I heard, Korea was also in the negative. Or barely over 2%. It's also very low.

[mnhnhyouh]

Very few Koreans traveled overseas before '88 as you needed government permission to do so. As a result, even after the restrictions were relaxed, few people did, as they didnt know anybody who did.

However, that was some time ago, and now many Koreans travel. I bet the President had been to a few countries before being elected.

h

[Adventurer]

I understand where some of the posters are coming from. Korea has so many industries and businesses with huge management problems and there is so much mismanagement. That is not to say, the U.S., compared to the US that used to exist is more and more mismanaged.
We're lucky the US has held together. Greed is destroying America, and there is too much greed in Korea combined with closed-mindedness, and that could be disasterous for Korea.

I disagree that Koreans aren't innovative. Obviously, they know how to build decent cell phones. They know how to learn from others. Other countries can come up with the same electronics, however. Korea needs better economic leadership and some positive cultural changes, but Korea has done an amazing job in terms of building its economy, but it is too similar to Mexico in terms of being dominated by certain industries and families.

I don't think we should wish ill-will on Korea and Koreans.
I do think the country is seriously lacking certain fundamental concepts of modern management that one would associated with most 1st world countries.

Essentially, some posters are saying they want Korea to sink, and that they are uniformly horrible people and don't deserve prosperity.
What countries truly deserve prosperity in this world where the Earth's resources are being used improperly and people are exploited and greed has almost led to a collapse of the financial markets?

[Privateer]

What a stupid question.

[mises]

[Kuros]

A very simple rundown of the history.

JFK Administration decided to make South Korea the frontline of their economic Asian frontline. $12billion flushed into Korea over roughly a decade, only to end with the Nixon administration.

Park Chun-hee gathered some of this money and gave out very, very low-interest loans to what he thought were industrial successes. Thus rose the Chaebol. Park Chun-hee rewarded success and growth; the better you did, the more loans you would get, and at lower rates.

There was a healthy dose of protectionism leveraged on export to the American market. In the 70s it was light industry, and by the 80s it was the pre-Intel semiconductor computer chips. The Korean economy exploded from the mid-70s to the late-80s, surpassing North Korea during that time.

I await those who know better to rip this apart. But at least we'll get somewhere.

[jkelly80]

Kuros, you're an even handed SOB.

[jajdude]

[chotaerang]

[Intrepid]

[Pyongshin Sangja]

[Adventurer]

[asylum seeker]

[Cornfed]