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Samsungโ€™s Dangerous Dominance over South Korea
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5,184,974 Views โ€ข Nov 16, 2022 โ€ข Click to toggle off description
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References
[1] www.eia.gov/international/rankings/world?pa=264&u=โ€ฆ
[2] www.statista.com/statistics/264439/oil-reserves-inโ€ฆ
[3] www.macrotrends.net/countries/KOR/south-korea/gdp-โ€ฆ
[4] medium.com/@aislingbhroin/the-korean-war-the-imporโ€ฆ
[5] www.macrotrends.net/countries/USA/united-states/gdโ€ฆ
[6] images.samsung.com/is/content/samsung/assets/globaโ€ฆ
[7] research-doc.credit-suisse.com/docView?language=ENโ€ฆ
[8] www.statista.com/statistics/1314374/south-korea-saโ€ฆ
[9] fsi.stanford.edu/news/closer-look-samsung-offers-iโ€ฆ
[10] www.npr.org/sections/parallels/2016/04/19/47462199โ€ฆ
[11] thediplomat.com/2017/03/why-samsungs-lee-jae-yong-โ€ฆ
[12] www.kjis.org/journal/view.html?spage=203&volume=3&โ€ฆ
[13] www.piie.com/publications/chapters_preview/341/2iiโ€ฆ
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Views : 5,184,974
Genre: Education
Date of upload: Nov 16, 2022 ^^


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RYD date created : 2024-05-13T19:43:41.675302Z
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YouTube Comments - 6,606 Comments

Top Comments of this video!! :3

@TheDaorti

1 year ago

Bribing the president to pardon him for the bribing charges is definitively a master move

26K |

@ttoEttoE

1 year ago

The Samsung Group is a larger group than you might think. Not only Samsung Electronics, but each of its subsidiaries, such as insurance, bio, battery, display, finance, medical, sports, and food, has great competitiveness within the industry. It's not just that one "Galaxy" accounts for 20% of South Korea's GDP.

4K |

@caad5258

1 year ago

Samsung takes "too big to fail" to a whole new level

4.1K |

@fredlee690

1 year ago

As a Korean, I cannot completely agree that Koreans students and their families are fixated to become a "Samsung Man". That is only half-correct. After South Korea's IMF crisis in 1997, social interest has moved from being a company man to more stable jobs (i.e. medical doctors or dentists, lawyers).ย In the 1980s and 90s, being a loyal company man guaranteed a long career and stable life. Nowadays such social nonverbal agreements are non-existent, and more and more students are turning for other jobs. The young generation study their high school years to be admitted to a prestigious university and get a respectable job. The South Korean job market is heavily focused on office jobs, and one of the routes just happen to be working for Samsung.ย  The Samsung test (GSAT) is popular not only because it's a Samsung recruit test, but also because it's a standardized private test. This makes job application processes much more clear-cut. That why the GSAT is so popular. Also there isn't a strong "hierarchy" of companies, unlike your portrayal of Korean society. There are strong conglomerates in each industry, and Samsung just happens to be a major player in most of them. An automotive engineer would apply for Hyundai-Kia motors, and a software engineer would apply for Kakao Inc. It all depends on what field you are job searching. I just wanted to point out some wrong interpretations on our society. Thanks

5.5K |

@newklear2k

1 year ago

"Corporations can't run countries." Sam is gonna freak out when he finds out about United Fruit Company

9.1K |

@FacterinoCommenterino

1 year ago

Today's fact: The University of Minnesota is older than Minnesota the state itself.

4.3K |

@lzh4950

1 year ago

My university professor claimed that the investigation that led to former S Korea's president Park's impeachment was triggered when a university student questioned how Park's friend Choi's daughter was able to get an 'A' for a university module despite skipping some lectures

219 |

@junkka83

1 year ago

As a Korean I feel it's not a healthy structure in which a single company has so much effect on country. There are other large corporations but Samsung definitely takes large part in daily life. I live in an apartnemnt constructed by Samsung. Majority of appliances at my home are Samsung, my insurance is Samsung, I graduated University whose foundation is Samsung owned, I do my gorcery shopping on online mall owned by Samsung. If Samsung somehow collapsed it would shake the foundation of my daily life

908 |

@insoolee117

1 year ago

I am Korean and I am very amazed by how accurate this convoluted riddle was explained. Although I would say, it is bit exaggerated about all Korean people want to get into Samsung. It is a stable job with a good pay but that doesnโ€™t mean it is the best.

5.9K |

@squidgameman441

1 year ago

As a South Korean: #1 very timely video. Tomorrow (Nov 17th) is college entrance exam day, which many will move on to prepare for the Samsung test mentioned. (GSAT) Samsung also has programs that recruits bright students from various universities. #2 South Korea is dominated by conglomerates because it was always a war economy, and will be until Korea is unified. Samsung, Hyundai, Hanwha, LG etc all take a part in producing weapons, ammunition, military vehicles etc. Only when you have massive industrial plants and complexes like the ones conglomerates own can the entire economy be focused on mass production of whatever becomes necessary, and make the transition at the flick of a switch. Having a small number of conglomerates was also a key component of Korea's state-led economic growth. Samsung investing in electronics wasn't its own doing but its allotted industry, ordered by the government. Even now long-term decisions in which future industries to invest in are often decided beforehand, so companies minimise wasting investment/R&D money competing for the same market. #3 I do not think Samsung's dominance will continue for long. Its prestige and superiority is based on the international market, which is currently being competed by many firms. Samsung CEO also has a drug problem and may not be too focused on how to keep the company dominant globally long term. And given very small size of South Korea's domestic demand, losing intl market will make Samsung suffer. Addendum: ํ•œ๊ตญ์ธ๋“ค์ด ๊ณ„์† ํ•œ๊ตญ์ธ ๋งž๋ƒ, ๋‚ด๊ฐ€ ์•„๋Š”๊ฑฐ๋ž‘ ๋‹ค๋ฅด๋‹ค ํ•˜๋Š”๋ฐ ์–ด๋””์„œ ํ‹€๋ฆฐ๊ฑธ ๋งํ•œ๊ฑด์ง€ ๋ชจ๋ฅด๊ฒ ์Œ 1) GSAT: ๊ฐ€์žฅ ๋งŽ์€ ๊ตฌ์ง์ž๋“ค์ด ๋ณด๋Š” ์‹œํ—˜์ด ๋˜์—ˆ๋‹ค. ์ƒ๋ฐ˜๊ธฐ ํ•˜๋ฐ˜๊ธฐ ๊ฐ๊ฐ 9๋งŒ~10๋งŒ ๋ช… ์ •๋„ ์‘์‹œํ•ด, ๋Œ€ํ•œ๋ฏผ๊ตญ์—์„œ ์น˜๋Ÿฌ์ง€๋Š” ์‹œํ—˜ ์ค‘ 4๋ฒˆ์งธ๋กœ ํฐ ๊ทœ๋ชจ๋ฅผ ์ž๋ž‘ํ•œ๋‹ค. 2) ํ•œ๊ตญ๊ฒฝ์ œ๋Š” ์ „์Ÿ๊ฒฝ์ œ์ฒด์ œ๋‹ค: ๋‹น์—ฐํ•จ. ๋ฒ•๋ฅ ์  ๊ธฐ๋ฐ˜์€ ํ†ตํ•ฉ๋ฐฉ์œ„ํƒœ์„ธ์™€ ๊ตญ๋ฏผ์ด๋™์›๋ น, ๊ฒฝ์ œ์  ๊ธฐ๋ฐ˜์€ ์žฌ๋ฒŒ์ฒด์ œ์ž„. ๋ฐ•์ •ํฌ ๋Œ€ํ†ต๋ น์€ 1967๋…„ '์ œ2๊ฒฝ์ œ๋ก '์„ ์ œ์‹œํ•˜๋ฉฐ ์ œ1๊ฒฝ์ œ์™€ ์ œ2๊ฒฝ์ œ๋ฅผ ๊ณต์‹์„์ƒ์—์„œ ๋“œ๋Ÿฌ๋ƒ„. ์ด๋Š” ๋ฌผ์งˆ์  ์ธก๋ฉด์˜ ์ œ1๊ฒฝ์ œ์™€ ๋‹ค๋ฅธ ์ •์‹ ์  ์ธก๋ฉด์˜ ์ œ2๊ฒฝ์ œ๋ผ๋Š” ๋ช…๋ช…์œผ๋กœ โ€˜์ด๋ ฅ์ „๋ก โ€™์— ๋”ฐ๋ฅธ ์‚ฌ์ƒ์ „๋ ฅํ™”์˜ ์˜๋ฏธ๋ฅผ ๋„๋ฉฐ, ์–ธ์ œ๋“ ์ง€ ์ด๋ ฅ์ „์— ๋“ค์–ด๊ฐˆ ์ˆ˜ ์žˆ๋„๋ก ๋งŒ๋“ฌ. ์žฌ๋ฒŒ์ฒด์ œ๋กœ ์ „์Ÿ๋•Œ ์ œ์ผ ํ•„์š”ํ•œ ์ฒ ๊ฐ•, ์กฐ์„ , ์ „์ž ๋“ฑ ์ˆ˜์ถœ ์ฃผ๋„ํ˜• ์ค‘๊ณต์—…์„ ์œก์„ฑํ•œ๊ฒŒ ๊ทธ๋ž˜์„œ์ž„. ์ง€๊ธˆ๋„ ํ•œ๊ตญ๊ฒฝ์ œ๋Š” ๋™์ผํ•œ ์‚ฌ์—…์œผ๋กœ ๋จน๊ณ  ์‚ด๊ณ . ๊ฒฝ์ œ๊ฐ€ ์ค‘์†Œ๊ธฐ์—… ์ฃผ๋„๊ฐ€ ์•„๋‹ˆ๋ผ ๋Œ€๊ธฐ์—…/์žฌ๋ฒŒ ์ฃผ๋„๋กœ ๊ฐ€๋ฉด ์ „์Ÿ๋™์›, ๊ตฐ์ˆ˜์‚ฐ์—…ํ™”, ์ „์Ÿ๊ฒฝ์ œ์ •์ฑ… ๋“ฑ ๋ชจ๋“ ๊ฒŒ ๋” ์ˆ˜์›”ํ•ด์ง. 3) ์‚ผ์„ฑ์˜ ์˜๊ด‘์€ ์˜ค๋ž˜ ๊ฐˆ ๊ฑฐ ๊ฐ™์ง€ ์•Š๋‹ค: ์•Œ์•„์„œ ๋‰ด์Šค ๋ณด๋„๋ก

4.7K |

@Niclas-ui1fh

10 months ago

Have a look at the Wallenberg family in Sweden. They own roughtly 40% of swedish companies through majority shareholder power, as well as outright owning the swedish stockmarket (the servers housing the stockmarket). They also hold about 50% of swedish GDP in wealth. They should make for an interesting video

132 |

@sagolgabijang8263

8 months ago

Half correct and half wrong Not every students want to go Samsung. It's about positions and quality. And almost every companies in S. Korea have their own specialties. Beside Samsung(semiconductors), there are many decent companies in South Korea. They've got Hyundai (car, ship, construction), LG (batteries, display, home app.), SK(energy, battery, semiconductors), Kakao(IT), POSCO(steel), GS(refining), Lotte(chemical & distribution), Doosan(construction) etc. South Korea has dominated various industrial fields such as semiconductors, home appliances, display, batteries, ships, cars, refining, constructions, even softpowers, weapons etc.

211 |

@izzatfauzimustafa6535

1 year ago

In some ways, getting employed by Samsung or any family-run multinational companies in South Korea is almost like becoming a worker of a stable public service job in some countries: job security and pensions are guaranteed as well parents will be gleefully happy & grateful knowing that their grown-up children are working in one of the chaebol companies that promises lofty benefits.

2.7K |

@SaltpeterTaffy

1 year ago

This was one of the most interesting and gripping episodes you've ever made. The logistics of corruption tempered by pragmatism. I was glued to the screen. <3

3.8K |

@jamesberry567

1 year ago

I loved that you gave suggestions at the end, thats a really nice touch.

8 |

@mdhasmatalimondal1216

1 year ago

Corporation can't run countries... East India company: Hold my tea cup

94 |

@cv5369

1 year ago

Interesting topic. Not long ago I visited South Korea and I couldnโ€™t help to notice how fast things are being built and how modern the country is. When I did a little research I was stunned when I found out how much Samsung has invested in the country.

2K |

@seoyoungkim4792

1 year ago

As a Korean, buying Korean domestic products is not just because of the brand royalty. A/S is very fast. Because their market domination is large and there are so many branches, so when my LG laptop, Samsung phone, or Hyundai car has a problem, I can fix it on the same day by visiting the brand shops at very low cost. I also used an HP laptop, and it took one month to repair. Apple is one of the few exceptions because many people use them to get the AS fast. and people like to buy foreign luxury bags because those things do not have repairing problems, usually. In conclusion, when people consider their budget, quality and A/S period, they usually conclude to buy the Korean product, even though foreign products seems to be better

3.5K |

@MasterAppels

1 year ago

This video made me realise that I should take more note of current affairs. This was so interesting and I was never aware of it.

57 |

@NoahPlayingPiano._.

1 year ago

I'm south korean who lives in Seoul, and his information is quite almost true. We don't have oil or gas, farming areas, or land to intermediary trade.. The new trend of South Korea development were in semiconductor, and it conducts mostly made by samsung, and kpop culture.. People in south korea are afraid of tsmc, because it is a new gust, and very powerful rival to samsung..( already far across samsung in making semiconductors) And in the mobile industry, China's technologies are getting stronger in terms of 3years..

169 |

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