Views : 5,184,974
Genre: Education
Date of upload: Nov 16, 2022 ^^
Rating : 4.937 (2,077/128,904 LTDR)
RYD date created : 2024-05-13T19:43:41.675302Z
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Top Comments of this video!! :3
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.
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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
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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
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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: ํ๊ตญ์ธ๋ค์ด ๊ณ์ ํ๊ตญ์ธ ๋ง๋, ๋ด๊ฐ ์๋๊ฑฐ๋ ๋ค๋ฅด๋ค ํ๋๋ฐ ์ด๋์ ํ๋ฆฐ๊ฑธ ๋งํ๊ฑด์ง ๋ชจ๋ฅด๊ฒ ์
1) GSAT: ๊ฐ์ฅ ๋ง์ ๊ตฌ์ง์๋ค์ด ๋ณด๋ ์ํ์ด ๋์๋ค. ์๋ฐ๊ธฐ ํ๋ฐ๊ธฐ ๊ฐ๊ฐ 9๋ง~10๋ง ๋ช
์ ๋ ์์ํด, ๋ํ๋ฏผ๊ตญ์์ ์น๋ฌ์ง๋ ์ํ ์ค 4๋ฒ์งธ๋ก ํฐ ๊ท๋ชจ๋ฅผ ์๋ํ๋ค.
2) ํ๊ตญ๊ฒฝ์ ๋ ์ ์๊ฒฝ์ ์ฒด์ ๋ค: ๋น์ฐํจ. ๋ฒ๋ฅ ์ ๊ธฐ๋ฐ์ ํตํฉ๋ฐฉ์ํ์ธ์ ๊ตญ๋ฏผ์ด๋์๋ น, ๊ฒฝ์ ์ ๊ธฐ๋ฐ์ ์ฌ๋ฒ์ฒด์ ์. ๋ฐ์ ํฌ ๋ํต๋ น์ 1967๋
'์ 2๊ฒฝ์ ๋ก '์ ์ ์ํ๋ฉฐ ์ 1๊ฒฝ์ ์ ์ 2๊ฒฝ์ ๋ฅผ ๊ณต์์์์์ ๋๋ฌ๋. ์ด๋ ๋ฌผ์ง์ ์ธก๋ฉด์ ์ 1๊ฒฝ์ ์ ๋ค๋ฅธ ์ ์ ์ ์ธก๋ฉด์ ์ 2๊ฒฝ์ ๋ผ๋ ๋ช
๋ช
์ผ๋ก โ์ด๋ ฅ์ ๋ก โ์ ๋ฐ๋ฅธ ์ฌ์์ ๋ ฅํ์ ์๋ฏธ๋ฅผ ๋๋ฉฐ, ์ธ์ ๋ ์ง ์ด๋ ฅ์ ์ ๋ค์ด๊ฐ ์ ์๋๋ก ๋ง๋ฌ. ์ฌ๋ฒ์ฒด์ ๋ก ์ ์๋ ์ ์ผ ํ์ํ ์ฒ ๊ฐ, ์กฐ์ , ์ ์ ๋ฑ ์์ถ ์ฃผ๋ํ ์ค๊ณต์
์ ์ก์ฑํ๊ฒ ๊ทธ๋์์. ์ง๊ธ๋ ํ๊ตญ๊ฒฝ์ ๋ ๋์ผํ ์ฌ์
์ผ๋ก ๋จน๊ณ ์ด๊ณ . ๊ฒฝ์ ๊ฐ ์ค์๊ธฐ์
์ฃผ๋๊ฐ ์๋๋ผ ๋๊ธฐ์
/์ฌ๋ฒ ์ฃผ๋๋ก ๊ฐ๋ฉด ์ ์๋์, ๊ตฐ์์ฐ์
ํ, ์ ์๊ฒฝ์ ์ ์ฑ
๋ฑ ๋ชจ๋ ๊ฒ ๋ ์์ํด์ง.
3) ์ผ์ฑ์ ์๊ด์ ์ค๋ ๊ฐ ๊ฑฐ ๊ฐ์ง ์๋ค: ์์์ ๋ด์ค ๋ณด๋๋ก
4.7K |
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
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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.
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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 |
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 |
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..
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@TheDaorti
1 year ago
Bribing the president to pardon him for the bribing charges is definitively a master move
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