DBKC.org Forum Index
RegisterSearchFAQMemberlistUsergroupsLog in
good article on korean-american entrepreneurs in s.korea

 
Reply to topic    DBKC.org Forum Index » News & Current Events View previous topic
View next topic
good article on korean-american entrepreneurs in s.korea
Author Message
Eddie
Super Moderator


Joined: 30 Jan 2008
Posts: 2759

Post good article on korean-american entrepreneurs in s.korea Reply with quote
http://www.inc.com/magazine/201112/the-returnees.html

some of the history stuff is bleh but good on current stuff

Summary from Felix Salmon:
Quote:


South Korea, by rights, should be an entrepreneurial paradise. It’s rich, and growing fast, and well-educated, and urban, and open, and has the best IT infrastructure in the world. But it’s also very conservative, as Max Chafkin reports:

Quote:
Jiho Kang, who is chief technology officer of a start-up in California and CEO of another one in Seoul, says that when he started a company after high school, his father, a college professor, kicked him out of the house…

To many South Koreans, being an entrepreneur—that is to say, going against the system that made the country rich—is seen as rebellious or even deviant. “Let’s say you’re working at Samsung and one day you say, ‘This isn’t for me’ and start a company,” says Won-ki Lim, a reporter for the Korea Economic Daily. “I don’t know how Americans think about that, but in Korea, a lot of people will think you of you as a traitor.” …

The penalty for failure is even more onerous for female entrepreneurs. When Ji Young Park founded her first company, in 1998, her bank not only required her to personally guarantee the company’s loans—a typical request for a male founder—it also demanded guarantees from her husband, her parents, and her husband’s parents. Park persevered—her current business, Com2uS, is a $25 million developer of cell-phone games—but her case is extremely rare. According to the Global Entrepreneurship Monitor, South Korea has fewer female entrepreneurs, on a per-capita basis, than Saudi Arabia, Iran, or Pakistan.

Markets, however, tend to find a way around such obstacles. And in the case of Korea, it’s a very interesting one: Korea is, essentially, importing its entrepreneurs from the US. Ambitious Koreans who are born or educated in America are going back to Korea — where the opportunity space for entrepreneurs is much less crowded than it is here — and making large, swift fortunes.

In the grand scheme of things, this has to be positive: good for Korea, certainly, and good for the world. But is it good for America that many bright Koreans are setting up shop over there rather than over here? Chafkin hints that it isn’t — that Korea’s gain is America’s loss. But I’m willing to let this one slide, especially on a day when US immigration policy seems likely to become just a tiny bit more sensible.

The US has always been the biggest importer of entrepreneurs on the planet. It’s perfectly OK if we export some as well. After all, a strong and economically vibrant Korea is very much in the US national interest.


_________________
Thu Dec 01, 2011 11:41 pm View user's profile Send private message
me.neither
i got dubukimchi!


Joined: 30 Jan 2008
Posts: 2342

Post Reply with quote
fun read.

thanks.
Fri Dec 02, 2011 4:27 pm View user's profile Send private message
HY
i got dubu.


Joined: 16 Jun 2011
Posts: 193

Post Reply with quote
You're a traitor, Ed.

_________________
.
Fri Dec 02, 2011 7:03 pm View user's profile Send private message
Eddie
Super Moderator


Joined: 30 Jan 2008
Posts: 2759

Post Reply with quote
you're the one that left my hangin yu fag

_________________
Sat Dec 03, 2011 1:20 am View user's profile Send private message
HY
i got dubu.


Joined: 16 Jun 2011
Posts: 193

Post Reply with quote
Whatever bro. You had to study.

_________________
.
Wed Dec 07, 2011 3:15 pm View user's profile Send private message
me.neither
i got dubukimchi!


Joined: 30 Jan 2008
Posts: 2342

Post Reply with quote
kinda on the topic, does anyone have any articles or research articles on why korea and/or japan still thrives off of mega conglomerates? While the rest of the world claims they are not efficient beasts.
Wed Dec 07, 2011 10:12 pm View user's profile Send private message
HY
i got dubu.


Joined: 16 Jun 2011
Posts: 193

Post Reply with quote
Late on the response with this, but the rest of the world is not United States. European governments have plenty of heavily-invested state money in numerous industries and firms within their respective boundaries. The United States does it on a different level that accomplishes the same results.

_________________
.
Thu Dec 29, 2011 4:06 pm View user's profile Send private message
Display posts from previous:    
Reply to topic    DBKC.org Forum Index » News & Current Events All times are GMT - 7 Hours
Page 1 of 1

 
Jump to: 
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


Powered by phpBB © 2001, 2005 phpBB Group
Design by Vjacheslav Trushkin / Easy Tutorials (Photoshop Tutorials).