From: btlee@emx.cc.utexas.edu (Mr. Byungtae Lee)
Newsgroups: soc.culture.korean
Subject: RE:KOREAN ECONOMY
Date: 28 Dec 92 03:29:15 GMT
Organization: The University of Texas at Austin; Austin, Texas

:From: shlee@jhunix.hcf.jhu.edu (Seunghun Lee) writes:
:In article <1992Dec24.085442.8652@u.washington.edu> yeonwook@hardy.u.washington.edu (Mark Choi) writes:
:>
:>I hope the tax incentive and other government concentrations are geared
:>towards a more diversified group of companies (small on up to large),
:>not just the chaebols.
:>I'm afraid I don't know what the next government will do.

:I guess that guys who supported YS, they MUST know what tax policy
:or economic policy next goverment will do.
:could you guys share your information with all netters?



     Does this mean you oppose YS without information about his policies?
     I think  even opponents as well as supporters shoud know the policies.
     Why don't you share your side information at first?



:>
:>Cooperation between large Korean companies and Chinese companies will benefit
:>both IF Korean small companies also benefit. Large Korean companies are just 
:>as dependent on small companies as the other way around. It is generally 
:>thought that the small companies possess only medium technological prowess.
:>However, they indirectly influence the performance of the more "advanced"
:>larger companies. If the Korean government overlooks the suffering of Korea's
:>small business sector, they will pay for it with tremendous losses and debt
:>(and lost investment) in the large sector. So as long as every sector of the
:>Korean economy remains healthy, cooperation with China is all for the better
:>because they are growing at tremendous speed and they are a huge market, 
:>much larger than the United States.
:>
:>>and in what way they should invest in china to make korean economy better
:>>without costing many job in korea?
:>
:>This is the though question =). But I think that the stories you see on the
:>news about Hyundai, GoldStar, or Sunkyong signing a huge contract with a
:>Chinese firm is not that important if the small businesses are left in the
:>dark without any Chinese connections. At this time in the relationship between
:>Korea and China, both small sectors should cooperate. Again, people think of
:>the small business sector as the "manual labor", "low technology" sector 
:>because its work force is more influenced by outside forces than the large
:>sector. But its importance is just as important and investment in small
:>business technology and manual labor should always be high because in an
:>international economy, the only stable domestic thing is labor and home
:>grown technology. Therefore, the distribution line should, for the meantime,
:>not be extended to China. But Korea's own distribution line (small sector)
:>should seek connections of their own. 
:>

:as for home grown tech, I heard China recently succeeded to make
:supercomputer in their own.
:whereas i see many computers in KAIST are SUN computers from US.
:hey, KAIST folks, could you make supercomputer for yourselves?

       The fact that someone can technically make something 
       does not necessarily mean that he/she can comercially make that.
       You do not take account of different economic systems.
       Even USSR made artificial satellites, they could not have enough
       matches and soaps.  The same story goes for China.
       India succeeded their own supercomputer a few year ago but nobody
       thinks this country works well. Tiwan does not have their own
       automobile models. But you guys admired their healthy economy.
Newsgroups: soc.culture.korean