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Koreans and the starting of businesses?

 
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Khenan



Joined: 25 Dec 2007

PostPosted: Sun Jan 20, 2008 2:34 am    Post subject: Koreans and the starting of businesses? Reply with quote

I will be moving to SK shortly, and have been reading these forums with a fair hunger in recent months. One theme I have noticed is a complaint over hagwon owners who are out to "fleece" someone or another, who seemingly have simply started a business where they think they can make some money, whether or not they know much or anything about education. I'm not assuming that this is the norm.. simply that people say this sort of thing a lot.

Anyway, I was thinking that I know a lot of Koreans State-side who have started their own businesses, etc. Really, this is part of the stereotype, I think, and in my experience it has played true.

What's the deal with this? Do you think Koreans are more inclined to entrepreneurship? (sp?) Any ideas on a cause for this? Or are my observations just statistical flukes?
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Hollywoodaction



Joined: 02 Jul 2004

PostPosted: Sun Jan 20, 2008 3:17 am    Post subject: Reply with quote

I've owned a couple of small businesses here, so I might be able to help. To answer your question, yes they are...but there are two other things to consider...1) With a large population density and a fast growing economy in South Korea, it's relatively easy (and financially rewarding) to start a small business here and 2) You must have some money to invest in order to immigrate to the US.

Last edited by Hollywoodaction on Sun Jan 20, 2008 3:22 am; edited 1 time in total
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Khenan



Joined: 25 Dec 2007

PostPosted: Sun Jan 20, 2008 3:21 am    Post subject: Reply with quote

Those are both good points.
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Ilsanman



Joined: 15 Aug 2003
Location: Bucheon, Korea

PostPosted: Sun Jan 20, 2008 3:40 am    Post subject: Reply with quote

If I had to guess, I'd say that Korean bosses are particularily hard on their employees and offer little in the way of job security. If you have a shitass boss, maybe you'd like to be your own boss.

Maybe they're trying to avoid the long hours, but in my experience, small businesses end up being more work than working for a company.
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