Comment by mathverse
3 days ago
Korean conglomerates are focused on hard sciences and there is very little room to do anything else that's why they excel here. They hire from the best Ivy style schools in Korea and focus on cutting edge stuff or improving cutting edge manufacturing
Here's the catch. Because of these constraints Korean conglomerates dont create as many jobs.Korean software or services industry is almost non existent or heavily constrained to Korea.
There is also to say that Chaebols (i.e. Korean conglomerates) can do basically whatever they want because the Korean government will bail them out/give them the financial support they need.
With this, the "I need to be extremely profitable" burden is somewhat lifted, giving them the freedom to do hard R&D.
And it is true now still, with the last bribery in exchange of favors dating back to 2018 [1]
[1] https://bruinpoliticalreview.org/articles?post-slug=south-ko...
> Here's the catch. Because of these constraints Korean conglomerates don't create as many jobs.Korean software or services industry is almost non existent or heavily constrained to Korea.
What? Korea's software jobs per capita is one of the highest of all wealthy (let's say top 30 HDI) countries. Please stop claiming this sort of stuff without being familiar with the country.