no it's not. it's literally just doing the same thing you already did. that's the definition of not creative, not brilliant.

@@gwho it was a joke

@@gwho r/whoosh

Meta.

> Boss music plays

They're also deeply in the military industrial complex. They were involved in American Self Propelled Guns ( essentially artillery on armored chassis) M109s that were license built in South Korea and the newer domestic K9 Thunder.

Right they're in many industries.

Beauty products as well bro. Blew my mind when I was in Seoul and saw a Samsung lipstick or something 😂

What was the purpose of this information? Mr. Bend over already went over it

70% of operating profit comes from semiconductor industry in Samsung. About half of world's memory chip supply comes from Samsung fab

외국인들 입장에선 gsat에 매년 수십만명이 몰리는게 그렇게 보일수있지

@@user-cb8qc3gy8e Samsung electronics를 빼놓고 스타필드, CJ, Emart만 봐도... 한국사람들은 삼성 이병철회장 플랫폼 속에 살고 있는거 아닌가요... 레미안도 삼성계열 아파트이구. 삼성이 문제는 아니죠. 삼성과 같은 기업을 한국이 또 키워내는데 실패했다는 점이 문제겠죠. 삼성과 동급의 기업이 많고 많았다면 비율적으로 삼성도미넌스가 아니었을텐데.

@@Zinancy IMF 때 대우만 버텼어도 삼성만한 기업이 되었을 수도 있기에 너무 아쉽게 느껴지네요 ㅠㅠㅠ

^ the people's reaction to any NEA countries, runs on the same energy as this. thank you

양놈들 근들갑은 언제봐도 못말림ㅋㅋ

You know how powerful Samsung is? LG announced last year they would stop making smartphones because the cost of production hit a breaking point for them. Samsung now owns a monopoly on the phone industry in Korea. Monopolies are so bad that when Kia hit some hard times, Hyundai bought them out. That's right. Hyundai continued the Kia name, but they own the Korean car industry too.

Too big to fall is a term for failing entities which samsung is far from. On the contrary samsung group's corp tax makes up 2 digit percentages the all national corp tax. Its natural that the person who provides has a big say/influence over the family imo.

@@koonsickgreen6272 Pride comes before a fall.

Samsung isn't the only big company in S.K. LG, Hyundai, Sk, hanhwa, POSCO, HYOSUNG, Naver, Lotte, shinsaegye ect these are all big companies.

Nokia was big too.

Yeah! I also think it was a little bit exaggerated!

Tip- if an American is speaking it will be bigger, bolder, better! 😬🙄

@@fingerprint5511 true that's why kanye is the best rapper

Good one. It's not like "most koreans want to work for samsung so badly."

@@suriowl This reminds me of how upper middle class Americans [I'm from such a family] think of university. The "Ivy League" - mostly Harvard / Yale / Princeton - has the prestige. But not all families care all *that* much for the Ivy League, nor do their children. So some [like me] will aim for others. But there are a limited number of others. So, for a Korean equivalent: maybe the family thinks Samsung is overrated, but they'll still try to aim their child (and it may only be the one child) for Hyundai. Failing that - what. Japan? The US?

Thanks for the info! I always liked Samsung products until I met their big appliances (fridges, laundry machines, etc) they just don't have the durability I expect.

A few questions I want to ask. Do you want both Koreas to unify? Won't china try to stop that if it happened?

Honestly, at least in the US, Samsung only really competes with Apple. The other brands (especially phones), dont even come close. Motorola for example is touting a big screen, the ability to take 4k videos, and a 50mp camera (with a backup wide view and macro lense). The Samsungs either have had those features for years (like 4k videos), or simply do it better (better quality and larger screens.) The absence of Chinese phones here means you either get a pretty basic smart phone made by Google, Motorola, etc, or you get a good phone by Samsung or Apple. There isn't really a phone with Samsung's quality that is sold at a lower price point. TVs are a bit more competitive, but competition is still pretty slim, maybe 3 other companies. Basically, there is no competition to challenge Samsung, and potential challengers seem years behind.

This is not true at all

Drug problem? What's he taking?

Have you ever heard of the phrase too big to fail😅. The korean govt. No the IMF bank wiuld be first in line to shore thrm up. So rest easy. You hv hedged your bets wisely in this case

​@@rosean374Too big to fail is just an illusion.

@@laubaba you must be too young to remember 2008 financial crisis. Too big to fail is definitely real even in a BIG economy such as the US. The US government used taxpayers' money to bail out certain banks which were on the brink of collapse because their failure would have probably kickstarted another great depression. In the case of South Korea, how far do you think the Korean government would go to protect Samsung, which controls over 20% of the GDP?

@@corvusglaive5769 Bankrupt itself to save it. It sucks that a corporation has that much power. I would say it’s borderline dystopian, but Samsung has done a good job of controlling (or hiding) its desire to be extremely greedy.

Sounds like a life from black mirror

But everyone in Korea wants plastic surgery right?😂😂 basically your country is full of plastic men and women

United didn't run CA, it got dictators in power that favored them.

I don't even see what the problem is It doesn't match the narrator's expectation of how life should be, so therefore it's bad. Typical neo-liberal imperial attitude...

@@fitz3540 supporting companies like Samsung is more neoliberal

@@Bundpataka This guy doesn't even know what he's saying

@@fitz3540 I understand, each time I see something I don't politically align with I also call them neo libs

Clicked on a Wendover video and already got Topdeck'd with information faster than the video

Go Gophers!

Same with the University of Georgia and The state of Georgia

Did the native Americans had universities?

🤷🏾‍♂️🤷🏾‍♂️

김연아도 마찬가지😅

다른 운동선수들도 수업없이 메달과 감상문으로 졸업함. 미국 법원처럼, 한국법원도 썩었음. 이상하게 삼성욕하는 정치인의 자녀들은 다들 미국 국적이더라? 미국은 유대교적 교리로 운영되어서, 타민족에 대한 배려가 없음.

Well your prof must be a monky because that’s not what happened nor can a simple bribery for a daughter of a close friend of the president lead to an investigation that big lol

​@@jbunker7526Really?? I didn't know that.

Lies again? Shadow Kick Silat Keris

not just regular public service jobs in other country cuz its 6 figure salary if you get employed in samsung

@@kalakalaiand3343 That's for the upper rank white-collar job positions. I wonder if R&D and production line workers get hefty bonuses and employment benefits as well

You mean annoying

Go to sleep

@Zaydan Naufal Also known as government-linked companies (GLC) in some countries. Chaebols on the other hand are fully private companies, but they have stable and solid connections to the SKorean govt ever since the early years of South Korean independence thanks to generous contracts to supply much needed machineries, vehicles, chemical products et cetera.

Whenever I buy a Korean product I always seem to experience many issues very early on in their lifespan compared to products from other countries. Why is that so?

@@pixels_per_inch confirmation bias

@@g00gleh00 My samsung phone spoiled within 2 years, can't even turn on anymore. No such problem in all other brands, not even chinese brands.

Excuse my ignorance, but what's "A/S"?

@@NickACrowley Koreans call maintenance/repair service simply as "A/S"(After service). It's one of localized english words in Korea.

That's crazy

As a Swedish person I'm ashamed to say that this is news to me. Guess I got my homework cut out for me tonight!

berg?

their motto is apparently “to be, not to be seen”. possibly the sketchiest thing you can say as someone who’s got a practical monopoly

Ew

Well, good for him. Hope he's enjoying it. But yeah, I heard apple treats their employees like trash. Definitely made a good choice. Actually thinking of getting a Samsung soon.

Yes, but at what cost?

@@Nelsonwmj They didn’t exactly have the time to industrialize over 2 centuries like west Europe or 1 century for America, so they have a very old population and low birth rates. The factor which allowed them to industrialize quickly such as working a lot consequently leads to depression and little time for other pursuits.

@@ac1455 They're like a company that keeps an old practice just because it's what brought them success in the past, but never bothers to examine if it's still efficient to keep doing that. Their workaholism is so deeply ingrained in their culture that I doubt it's even removable anymore.

And now that China is high on that Tiger Juice after that first Hong Kong hit, they are definitely targeting the other 3. Wealth leads to military power, and they know it. And they intend to conquer every penny of it along the pacific rim. Starting with shipping. The moment they feel wealthy and untouchable enough to move on Taiwan, they will have their attack dog NoKo move on SoKo. Which they will then depose and take for themselves. Then it's on to Singapore. From there, no stopping them all the way from India to Australia & Japan.

Miracle aka super corrupt and shady

Praying Korea is liberated from the corporations running their capitalist system of slavery 🙏 🙏

Is it corruption if it leads to the thriving of the state, economy & populace? SK is considered a miracle lol

@@KevinJohnson-cv2no Do you believe that Samsung having a vice-grip on the people of SK is a net benefit? SK citizens are educated, industrially minded and in a position to do something themselves. The US has had megamonopolies like Samsung does, the famous one being the Rothschild's oil empire. I can't imagine Samsung being split up is a bad thing in the long run.

@@GSNRecords I'm just saying it's a bit of stretch to call it corruption when it is literally the primary driver of national growth. If Samsung wasn't a corporation I doubt people would be so quick to assume their moral high-ground.

In a way, both north and south Korea are ruled mostly by 1 family.

우리도 일본을 대체하며 커왔음 그리고 삼성의 비중이 크긴 하지만 다른 대기업들과 다른 사업들도 많음

중국이 아니라도 어차피 우리는 일본 유럽 미국과도 평생 경쟁이고 이들에게도 중국은 경쟁자임

@@user-fz6hz3uc9x 어쨋든 대한민국은 삼성에 대한 의존도를 좀 줄여나가야됨.

@MC MOP TSMC has no rival at all actually ; They have , by far , the most advanced technology in producing chips and enough money to be always at the very top. Samsung is just the most valid replacement , but calling it a rival is just nonsense

At least we TRUST South Korean tech (for the most part wtf samsung acc ) but esp. it's people :)

Like seriously South Korea’s wealth defies all logic

@@bababababababa6124 agree. I haven’t watched the video yet (it’s saved for later) everywhere I looked there were buildings/facilities etc going up. Even near the location, I was staying in there was a building going up.

@@cv5369 if only my country was like that 🇳🇬😢 instead it sucks

@@bababababababa6124 without getting too political, South Korea gets a lot of military $$ from the United States.

@@cv5369 well its an important ally close to China, not as much as Taiwan, but you always want that :D

Time to break up samsung into multiple different companies.

No such thing as "too big to fail".

@@DavidJohnson-dp4vv It already has and it is still big.

That's why it should be nationalized!

@@PickyPaige The profit incentive is absent when the state takes control of an industry, which means that there may be a loss of efficiency, and a rise in inefficiency. This means that management might be inefficient in comparison with similar firms in the private sector. Samsung will slowly lose quality and get replaced with Apple or Huawei

hold mai chai

well there were other companies and the dutch voc was even more powerful at it height.

They were mostly owned by nobles, so not exactly the case.

100th like

100th like

Praying Korea is liberated from the corporations running their capitalist system of slavery 🙏 🙏

Why do people choose to work for chaebol companies? Given that it’s not 100% of the economy?

@@xp8969 corporatist* capitalism is too broad a term to apply here. A government enforced monopoly is a very specific form of capitalism.

@@shibasurfing they make more money, simple as that. A lot of them have close ties to government making it easier for them to deal with any regulations or tax laws which gives them a competitive advantage in terms of pay over smaller enterprises. Smaller businesses fill in the gaps that are not served by the bigger corps.

@@Plainsburner Also the asian practice of saving face and pride, if anything those are even more important to your average salaryman than the salary

Samsung isn't the only large company in S.K. Hundai, SK, HANHWA, POSCO, HYOSUNG etc these are all big copamies in S.K.

Don't forget LG, Naver, Kakao etc.

There's KIA too!

It's kinda mindblowing that still Apple is bigger than Samsung in terms of money.

@@user-ce1cu5my4jMaybe in revenue but not influence. Samsung is way bigger than Apple.

@@user-ce1cu5my4j Samsung with all its subsidiaries combined is worth more than Apple. Samsung the main phone branch is nowhere near Apple, but every company that has a little Samsung in their brand added together beat Apple.

Samsung isn't the only big company in S.K. LG, Hyundai, Sk, hanhwa, POSCO, HYOSUNG, Naver, Lotte, shinsaegye ect these are all big companies.

​@@user-fz6hz3uc9xshinsegae, cheiljedang(cj), hansol are originated from Samsung

didnt know Mitsubishi were that old

Thank Kim. Also, can you not shoot missiles into the Sea of Japan? thanks bud

재벌(Jebul) in tradional Korean is 가면이(Gamani) and both mean the weathy person

@@lolislayer1643 East sea mind you!

@@jesskim5003 You wish, Kim! 😂

Ah-mazing. It's like watching US corporate behavior... but the corporate leaders or politicians actually get caught & temporarily "punished" -instead of just paying a "fine." It blows my mind how simple the corruption is compared to the nature of the corruption in the US, which is usually hidden via dark money allocated to PACs and traded via non-national banking systems.

@@Yertle_Turtle Oh, I wouldn't get a rosy view of Korean politics. Park Geun Hye, the former president, was the daughter of an assassinated military dictator, and AFTER she got impeached, it came out that her election was less than legitimate. I can't remember the Korean term, but she used something that translates roughly to "black suits": essentially, goons that went around and intimidated people into voting for her. Heck, she might have gotten away with all of this, as the average Korean citizen's reaction to all this corruption was "meh"...until it came out that Park used her connections and power to help her friend's daughter get into a university she didn't qualify for. THAT'S when people started calling for blood. Political corruption, money laundering, election fraud, national security violations? Korean people: "Eh, whatever." Cheating on an entrance exam? Korean people: "HEADS WILL ROLL."

Tbh that's kinda crazy how the government turned on its swan people so fast. Also I use a pretty good end to end encrypted messenger called Signal, I recommend that for anyone.

@@spamhere1123 It's because it interferes with people's desire to remain or enter the middle class.

@@spamhere1123 Also because literally every president in Korean history except our most recent have committed political corruption, money laundering, election fraud, national security violations. They sound severe the first time. When it happens to literally every president, it sounds like (even if it isn't) a political witch hunt based on nothing.

@@Jason-tx2xc You taught me something I didn’t know before. Thanks.

Just think as Koreans who didn't had any choices at that time. Korean history is deeper than you think. Thanks my friend.

Also they seem to act to products much more fanatical like they own a share of the company's stock when 50 percent of Korea's wealth are owned by less than 0.001%

@@Jason-tx2xc Not just tariffs. The products produced by domestic suppliers for domestic markets is extremely consistent and reliable to meet the cultural trends and demands that are exclusive to a very homogenous ethnic/cultural group. Even if tariffs were gone tomorrow, Koreans will still favor domestic products for most of their needs.

@@andrewofaiurthey should be forced to open up their markets really. Well, not forced they are a sovereign nation but reciprocal tariffs should be implemented. They are too rich for charity.

What is this cope

Nah, it was mostly good cheap stuff they brought to markets, especially when china was not that much into manufacturing.

The EIC also had a good go at it, though they managed to fuck it all up royally eventually, over the stupidest of things.

VOC: **amateur**

Defense contractors clearly run the US, much worse.

they do run countries. the us is completely run by corporations. they shouldn't run countries, though.

let's see how long that would last. US is one example that eventually greed will destroy society, through corporations....unless you have a clean govt, which is rather unlikely. Remember, for corporations to florish, they need constant growth, in a finite world. It is only a matter of time, at least with US, it could just rob and steal from the middle east, SK don't have that choice.

Perhaps it's to their benefit. If they can avoid that tax only because of their size and influence over South Korea, they'll hold an advantage over companies without the same benefits.

@@anthonycastellano6523 thats very clever and that's what I thought too

I think most would as I am sure most object to being run by Samsung

@@Kefkaownsall the thing is, that inheritance tax applies to everyone, I doubt working class people like having 50% of their shit taken away every generation and I doubt they’d be in favor of that just because of some petty resentment toward Samsung.

@@anthonycastellano6523 interesting, didn’t think of it that way but I guess that could be a reason.

Fuedel times just modernised. It's still there.

That's the entire problem with Capitalism. "Enterprise over Nation." We used to call that Treason. It's not pragmatic. It's PR nonsense to justify the continuation of the dynasty. No one's leadership is absolute. No one is irreplaceable. Anyone of decent intelligence can run a company. Break up monopolies! The U.S. did it decades ago, and we were fine. (17:53)

@Zaydan Naufal which is not bad, I'm homeless in the USA yet I'm fat as heck and everyone is giving me free burgers.. Nothing that charitable exist in 3rd world nations, but hey I'm a dumb hobo what do I know?

@@whatayaDO543 a parasite is sill a parasite.

@@whatayaDO543 you go to India and you could eat for free every single day at Sikh Temples. And you don’t sound like a homeless person tbh

yeah what the deal with them?

@@tezz_27_ Perhaps just an arrangement to make sure reporters won't crowd up so much? "Give us your mics and we'll hold them for ya"?

@@JoonasD6 exactly.

If your rich and well connected enough, your untimely death can be covered up for months ala Weekend and Bernie's as long as it's not something like a high-profile plane crash. In those months the family can quickly prepare and reevaluate their positions to maintain control.

His father is rumored to have died many years ago, but not official declared so. So yes, they can 'predict' their own deaths, in the sense that they can control when they're official considered dead and hence liable for paying for the inheritance tax.

@@ArawnOfAnnwn so you're saying that activist investors can destroy the family's control of the corporation by publicly assassinating the head of the family?

@@cat-le1hf I dunno. How about you go test that?

@@ArawnOfAnnwn good idea. Let's get Chow Yun Fat to film it

Arasaka < Samsung

@@pjz7088 I'm sorry but Arasaka still has to take the spot on this one, they literally have a flying aircraft carrier, and an army that can rival the united states government, god knows what kind of shady tech they possess. but yeah I'm really glad that they're not real 😅

but we using apple smartphone

@@user-co6yt8cy2o but memory chip and display of Iphone is from samsung electronics

Yes this fucking county is real dystopia

I mean every "Democracy" are multiple one of these : -Oligarchy -Electocracy (A form of representative democracy where citizens are able to vote for their government but cannot participate directly in governmental decision making. The government has almost absolute power. Only "democratic" country that wasn't an Electocracy was Switzerland Pre-Covid) -Electoral Autocracy (A hybrid regime, in which democratic institutions are imitative and adhere to authoritarian methods. In these regimes, regular elections are held, but they fail to reach democratic standards of freedom and fairness.) -Aristocraty (A system of governance where political power is in the hands of a small class of privileged individuals who claim a higher birth than the rest of society.) -Kraterocracy (Rule by the strong; a system of governance where those who are strong enough to seize power through physical force, social maneuvering or political cunning.) -Netocracy (Rule by social connections . A portmanteau of Internet and aristocracy, netocracy refers to a perceived global upper-class that bases its power on a technological advantage and networking skills) -Particracy (Rule by a dominant political party (or parties).) -Plutocracy (Rule by the wealthy; a system wherein governance is indebted to, dependent upon or heavily influenced by the desires of the rich. Plutocratic influence can alter any form of government. For instance, in a republic, if a significant number of elected representative positions are dependent upon financial support from wealthy sources, it is a plutocratic republic.) -Corporatocraty (Rule by corporations; a system of governance where an economic and political system is controlled by corporations or corporate interests.) -Kakistocracy (Rule by the worst; a system of government where the least-qualified citizens govern or dictate policies.) -Kleptocracy (Rule by thieves; a system of governance where its officials and the ruling class in general pursue personal wealth and political power at the expense of the wider population. In strict terms kleptocracy is not a form of government but a characteristic of a government engaged in such behavior.) -Nepotocracy (Rule by nephews; favouritism granted to relatives regardless of merit; a system of governance in which importance is given to the relatives of those already in power, like a nephew (where the word comes from). In such governments even if the relatives aren't qualified they are given positions of authority just because they know someone who already has authority. -Bureaucracy (Rule by a system of governance with many bureaus, administrators, and petty officials.) So for example France (My country) is an Oligarchy ,Electocracy ,Electoral Autocracy ,Aristocraty (Not by Higher birth but by a certain "Education") ,Kraterocracy ,Netocracy ,Plutocracy ,Kakistocracy ,Kleptocracy ,Nepotocracy and Bureaucracy . South Korea would be a Corporatocraty Edit :Only country that you could call real democracy in the last 2000 years are Swizertland (Pre-Covid) and San Marino ,maybe Liechenstein too ,but that's all .

All the more reason for companies founded by people of Korean descent to set up headquarters in South Korea and significantly lessen the Big Five's economic strangehold (so to speak).

@@plumebrise4801 There is no such things as real democracy. Because most people are dumb. A full democracy can only lead to chaos. You need to give power into the hand of the smart one to keep thing in order

@@plumebrise4801 What happened to switzerland?

@@ayoCC the Habsburgs originated in Switzerland.

Yes. He is confused with SAT and GSAT

I'd also throw Economics Explained into that group, given how thorough his videos are.

touche

Samsung isn't the only big company in S.K. LG, Hyundai, Sk, hanhwa, POSCO, HYOSUNG, Naver, Lotte, shinsaegye ect these are all big companies.

You forgot Oversimplified !

Polymatter is kinda meh 🫤 low key conservative

@@dogshiin maybe, but even then that's a massive risk the SK government has to take

This is a fact of the majority of relationships.

As my American friend put it: "So....kinda sorta cyberpunk 2077 without the cool shit?" yeah.....pretty much going that way it seems.

@@lamia197 Yet here in America I'm still waiting for public transport to be improved. Every other developed country has fancy high speed rails meanwhile our best system is Amtrak... We don't got ANY of the cool shits. 😔

There's nothing inherently bad about what they did, if anything they're forced to do so by the system. Suppose the politician or the chaebol refused to do the criminal action but then plunge the country into economic down spiral and drag the rest of the world into economic down turn, causing many economic and social unrest, unemployment, increase in criminals, deaths etc Would they be hailed as heroes because they refused bribery? Or would the world beg them to do it if we could go back before that alternate history?

Not just Samsung all mega Korean coproations are run by the founder's familes. It's called Jaebol !!

Are you saying his father was already dead but they kept that from the public?

@@Tank175 yes

@@Tank175 he probably died a long time ago but we just never knew.

@@Tank175 this is just another controversial story without any concrete evidence

Same

Western governments and courts also collude with employers to deny employee rights..

@@petesmitt duh

it took me my entire life to realise capitalism democracy combo is just a facade, corporations are just cancers that will grow and grow and consume everything in its path. US comes to mind.

@@petesmitt Yep. This video is about Korea if you haddn't noticed. Maybe Wendover can make a video about Trade Unions around the world and their historical impact and decreasing power because of government policies in the next video.

@@CM_CM_ I don't understand comments like @pete smitt, they go with tu quoque everytime a criticism comes up. Its basically a five yr old going "but he gets to do it!!"

Also the spacing on the y-axis is a bit off sometimes... I understand that the dramatic effect is needed, but since everything else is so nicely done it feels weird to bend the numbers like that.

Every country to some extent has to deal with it. Money is power and they do like to talk bullshit with it.

Samsung isn't the only large company in S.K. Briberu is a thing of the past. Gaving a horse as a goft and donating to the sports foundation is a birde?

@@user-fz6hz3uc9x what do you think it is and why ? not convinced anyone yet with previous reply.

Money talks. Every country has the same issues with extremely rich corporations or private individuals having too much political sway.

😂😂😂

Please, we have corn. We don’t need to be famous.

🤣🤣🤣🤣🤣

Indiana famous for Todd Young lol

Bruh your state is quite popular because of Stranger things... HAWKINS, INDIANA.

South Korea is evidence that a monarchy is the superior form of the government, Samsung has been past down from the guy who founded it to his son and so on even today the Lee family controls it.

This is also interesting. With the extreme focus on education, it can help leave them flexible in case of failures and downsizing. If you have a population of engineers, programmers, lawyers, etc; they can flex and build an equally effective growth area without a brain drain that can be invested in by remaining companies and the government. Like many other first world companies, valuing education and investing in it literally provides resilience for your country. To counterpoint that, the Soviet’s had quite decent education but very little option for growth or advancement, but they were spread out and their culture and melting pot of many ethnicities was quite different. I’m just pondering but I’m sure many academic papers have been written about these concepts. Either way, end of the day, as long as you don’t live in a hopeless backwards and outwardly oppressive society, education is an extreme key to success.

It's corporatism without the fascism part

All i can conclude is they really did it for their small nation. Unlike us Indians where we have sheitload of population and No QUALITY. Nor EQUALITY. I am always fascinated by how much the far East Asians are way ahead in level of thinking, Sincerity, Education & technology. I mean the Japanese could've easily kept bragging and crying about Murican nuclear bombing, but they Fking built thier nation.... _That's just amazing for me personally_

@@br0k3nman 'Some Lessons from the East Asian Miracle' by J.E. Stiglitz (1996) provides a decent overall summary, while being relatively short, if you want to a starting place to the sub-genre of developmental economics that's trying to understand (and replicate) the success of the Asian Tigers.

일본 고맙습니다.

@@hawkeye5187👍

US embargoed japan semiconductors? When Japan was about to pass US in GDP, US would do any desperate means to prevent it. 😂 Now its China's turn to be sanctioned.

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

It all relies on your strategy and your willingness to stick with it, and the stock may fall further, but if you are a pro, making significant profits on this downtrend should not be a problem.

@@patran567 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?

@@patran567 Much obliged, I could truly utilize the guidance, I've been losing a crap of late, I called JEAN and messaged her enumerating my objectives in the balance market.

661 bot likes and bot replies... And Susan choose to demonitize content on China and Conservatives. This is concerning.

yeah totally never would've seen that coming eh. sucks that with such high stakes, corruption is practically necessitated. I despise corruption and would love to see a better Korea, but the government simply doesn't have the capability to at this point, and hasn't for a long time.

*"he can't keep getting away with it"*

Depends on who you interacted with in Korea. Plenty Koreans hate the Lee family's guts. Especially given that Samsung has a pretty murdrous history in opposition to labor unions, which the country effectively pardoned (similar to the murder of civil rights leaders by the FBI). The image of Samsung as the 'national team' is one of the main litmus tests for whether you are left-/right-leaning (often correlated to whether or not you were born rich) in Korea. I don't know who you interacted with, but its' likely they were upper class, right-leaning individuals.

@황성연 I agree. I think 70% of Koreans are friendly and 20% are hostile.

@@cea6770 I respect your opinion. It is natural that the impression of a particular object differs from person to person. However, I have not seen a single Korean cheering at the news that Samsung Electronics is losing to TSMC or Apple.

Seems they got their own ARMY too...

@@cea6770 That's a great perspective there ..

Didn’t they do neo colonialism not literally running the countries?

Hi Avery.

See also the British East India Company

Korea will develop further if Samsung runs the country ,Politics is worse than Samsung's system

@@gothicgolem2947 That is the same thing to me.

I doubt they want to remove samsung entirely they just dont want it to be corrupt which i believe is a fair want

worship the almighty samsung , suure... lol

@@titanicisshit1647 tell you what: when you create a company as successful as theirs, then you get an opinion. Until then, enjoy your useless meaningless life.

The news is like the worst place to find out what's actually going on. It's great at telling you the latest thing to happen but god help you if you haven't been reading every update every day from the start.

Samsung is just a part of korea economy. Samsung isn't the only big company in S.K. LG, Hyundai, Sk, hanhwa, POSCO, HYOSUNG, Naver, Lotte, shinsaegye ect these are all big companies.

Vice has a good video on the state of South Korea's corporate overlords

Really good choice of using PolyMatter as the first creator in the Nebula ad, lol, if this was twice the length and went into even more detail this video could've been one of his :P Seriously, given the title and subject I did a double take at it being on Wendover.

Praying Korea is liberated from the corporations running their capitalist system of slavery 🙏 🙏

Asianometry has a few videos on South Korea.

Japan is similar, albeit they're more subtle about it. Asianometry has some good videos on them too.

Samsung isn't the only big company in S.K. LG, Hyundai, Sk, hanhwa, POSCO, HYOSUNG, Naver, Lotte, shinsaegye ect these are all big companies.

@@user-fz6hz3uc9x I know, I live in South Korea.

​@@user-fz6hz3uc9xbut Samsung is the biggest, by a good margin.

It’s a smart and legal move. Like all conglomerates and big tech companies or any billion business in the world , they didn’t make to the top without using some shady tactics to avoid litigations and taxes. You may not like , it may be seems unethical , but at the end of the day it’s legal and smart 🤷🏾‍♂️.

You are wrong on so many levels, samsung has lost several trials and have among the most friendly corporate policies in all of Korea.

Yeah that's pretty much spot on, you hit the nail on the head and that state capitalism mentality really took off in the 1960s when South Korea slipped into a dictatorship under Pak Chung Hee, the economy of South Korea quadrupled and rose exponentially under his administration but of course at great cost of human, privacy, and labor rights during his era It got so bad that he ended up being assassinated by the CIA _(Korea called it's own domestic intelligence agency the CIA as well during that time period, they've since renamed to the National Intelligence Service)_

its a good system it made everyone so much richer

well, it's not. you see, even the "greatest" chairman of Samsung Group can also go locked in prison if they made some faulty behavior against the law. Recently, it happened. and can be done.

@@Platzhalterxy And now South Koreans are realizing that the wealth benefits are going down after stagnating

@@logoyangban Did you watch the video? They literally pardoned him because "samsung is essential to korea" lol

That might be so, but everything you've said is anecdotal.

At the end of the video he mentioned that the younger generation isn't as keen on samsung

The real stable jobs are public officers, as every south koreans know

@@theaussiewhinger Samsung is a defintely solid choice in South Korea, but it isn't the best place. Many younger South Koreans take a work-life balance much more seriously, and Samsung wouldn't give that. Kakao can.

Totally agree from another Korean. Actually the Lee family's ownership got much more applauds than politicians. Many people don't want politicians to use Samsung to gain popularity. In the end, they agree to Samsung and Lee family's power as long as it is kept quietly and used rightly. Especially in this era of changes, people feel in need of concentration of power to survive.

Don't be afraid to look for opportunities outside your country.

You are. You are no asset to our country. We need every genius to maintain this fragile country in state of Rebublic, not Communism. And sorry but you don’t help.