Korean Job Discussion Forums

[demi]

"Investors should steer clear of China and focus instead on South Korea, Brazil and Russia."

http://www.guardianabroad.co.uk/finance-saving/article/98

[mercury]

This is B.S


....and the Chinese do not want to pay Japanese prices


The Chinese are MAKING EVERYTHING THEMSELVES! They are using Samsuckkk and L.G to make their own products stronger. The Chinese copy, copy, copy. Japan is already at the top with the best name brands. Samsucckkk is just making cheap stuff that those wishing to save money will purchase. China is next. Their brands are soon to be on the same level as the Korean products, and much cheaper! Korea is going to be wiped out soon, mark my word. The name of the wave is CHINA.

[wo buxihuan hanguoren]

I like China. Good movies, good food, good ladies. It is good.

[mercury]

Koreas worst nightmare......................



China's Tech Push Gains Momentum
By K.C. Jones , TechWeb Technology News

China has announced a 15-year plan for high-tech development.

The country's Communist Party central committee released plans this week for reforming laws and change economic conditions to improve the country's ability to move forward with innovations.

The government said it would focus on several key technology areas. Those include high-end chips, software, manufacturing of supercargo integrated circuits, broadband and wireless communications, exploration of oil and gas fields as well as coalmine gas, nuclear power plants, control and treatment of water pollution, genetic engineering, disease prevention and treatment, aeronautics, and staffed space missions.

The announcement appears to be a follow-up to President Hu Jintao's January address to the country's fourth annual National Conference on Science and Technology in Beijing. He urged greater investment in science and technology and greater resource sharing between companies, universities and defense organizations.

Both Jintao and the committee have promised economic improvements and legislative reforms to encourage more research and development, innovation, and enterprise growth.

The 15-year plan, with guidelines for growth, includes tax incentives. It encourages growth of Chinese businesses while urging collaboration with foreign groups.

[mercury]

This is from today..........



China Closing Technology Gap With Korea







Last year the amount of electronics components that Samsung Electronics sourced from Chinese suppliers increased by 20 percent from 2005. Each division of Samsung Electronics set up a global sourcing committee to evaluate the quality and the supply chain competitiveness of component manufacturers around the world. Chinese suppliers ended up with high marks in the surveys.
"Chinese-made goods have received highly favorable evaluations over the past two years," said a Samsung official. "Almost everything, including quality and price, is satisfactory." China is rapidly narrowing the technology gap with Korea, and Chinese businessmen also seem to be increasingly confident in their country's tech goods.






On the 15th anniversary of the establishment of diplomatic relations between Korea and China, the Korea Trade-Investment Promotion Agency (KOTRA) conducted a poll of 312 Chinese manufacturers and service providers in Beijing, Shanghai, Guangdong Province and Shandong Province. According to the results released Thursday, more than a half of the respondents (50.7 percent) said Chinese technology is either as good as or better than Korea's. Only 43.9 percent said Korea's technology is superior to China's.
Until recently Chinese goods were considered cheap, both in terms of quality and price. But now Chinese manufacturers equipped with improving technological prowess are threatening their Korean rivals in the global market. The Ministry of Information and Communication compiled data on the technology gap between Korea and China in 506 core IT sectors. According to the data, the gap narrowed to 1.7 years last year, from 2.6 years in 2003.

According to a report filed by the Korea Development Bank Research Institute, China ranked as the top supplier of components to the American market last year, with a 15.9 percent share. It ranked fourth with 5.7 percent in 2000. In contrast, Korea's share of the American market dropped to number six (4.0 percent) from number five (5.3 percent) during the same period.

The technology gap has also affected Korea's trade structure with China. Korea had a trade surplus of US$23.3 billion from China in 2005, but that fell to $20.9 billion last year and is showing a downward trend for this year.

Chung Joon-gyu, the head of the China section of KOTRA, said, "We recently surveyed about 600 Korean enterprises operating in China. We wanted to find out what would negatively affect Korean firms wanting to advance into China in the future. A considerable portion of respondents (25.5 percent) cited Korea's loss of technological superiority as a negative factor. It's urgent that we maintain technological superiority over Chinese goods."

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[nautilus]

[inseoul]

[demi]

[Ilsanman]

Well, out of Asia's 3 biggest, I think Japan is the most deserving to be prosperous. But their economy is shaky, and I wouldn't invest there.

Korea is #2, but just seeing them do business here makes me shudder. No investing here. A little fascism in the tap water.

China is the last country I would ever trust or want to help.

Russia? When they stop trying to start a new cold war and acting like pirates.

Brazil: I can't comment.

India is my guess to be the next best. Vietnam could be good too, but I have heard they are pretty corrupt.

[mercury]

[Julius]

[mack4289]

I posted this elsewhere but it's relevant here. Besides the tainted exports and the lack of reliable information that make China a risky bet for investors, there's the possibility that China's alleged 10% growth is more like 4.5-6%.

"http://www.nytimes.com/2007/08/19/business/yourmoney/19view.html?_r=1&ref=business&oref=slogin

"The G.D.P. in China has been growing somewhere between 4.5 percent (using the average for a rapidly growing country) to 6 percent a year (using the highest rate for Japan), not at the 10 percent rate claimed in official statistics. "

Also, China's artifically cheap currency weakens its domestic market, making it more reliant on other countries' economies than it should be. It will be a long time before China is the global leader in anything except exporting (though I'm not saying their leadership in that department is insignificant).

[FistFace]

[newton kabiddles]