By I’m not a businessman in Korea, but I hear this complaint enough from people who are that I take it to be true:
The productivity and growth rate of foreign-invested firms in Korea are about double those of domestic companies.
The Ministry of Knowledge Economy on Monday released a report on the performance of 2,301 foreign-invested firms in 2007, which had been analyzed by the Institute for Trade and Investment and Gallup Korea. According to the report, their labor productivity, or the amount of goods and services a worker produces in a given time, was worth W141.8 million (US$1=W1,329), 1.92 times that of domestic companies (W73.9 million).
The increase rate of their tangible assets — a growth index — stood at 10 percent, 2.04 times higher than that of domestic firms’ 4.9 percent. [Chosun Ilbo]
3:52 am on April 20th, 2009 1
[...] Well, this is timely, isn’t it? [...]
11:40 am on April 20th, 2009 2
Was any reason given? Workers usually are hard at work, while management pats themselves on the back and have soju drinking contests. This is normal in many parts of the world. I would like to hear the reasons why the difference tho.
3:27 am on April 21st, 2009 3
Arbitrary Spam Filter Avoidance: Post #1
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This bugged me.
Once I realized what kinds of apples and oranges they were comparing, I got it figured out.
Foreign companies in Korea are generally well-developed multinationals with finely-tuned productivity programs spawned by a host of bean counters. They are not "average" foreign companies.
3:28 am on April 21st, 2009 4
Now who in Korea were they compared to? Grandma Kim's Jerkoff Kimbab and Cocckroach Stand? Soju-Sloshed Ajashi's Countryside Ingot Recycling and Toxic Smoke-Belching Foundry? Hyundai and Samsung? Who knows?
Another thing I noticed is that Koreans will get the job (or study) done in the time given. If they are expected to be at work for 12 hours by Boss Park, that is how long it will take to complete the job. If the foreign company has an 8 hour work rule, that is how long it will take.
Come to think of it, almost everybody works like this.
So, with this in mind, I'm not entirely sure this study means much… except quality of living might go way up, without productivity going down, if Koreans are home with their families instead of napping on their desks or pretending to look busy.
3:40 am on April 21st, 2009 5
Cocckroach.
The fücking word the spam filter blocks is Cocckroach.
I jërk off to ünderage dykë strippërs fücking handicapped babies in the äss with black sträp-ons…
…yet cocckroach is flagged?
What the hell!
3:44 am on April 21st, 2009 6
Did I mention that I watch all this hot XXX action while popping penis enhancing pills from an on-line pharmacy to get a free credit check?
Which is O.K… as long as I don't type cocckroach.
3:48 am on April 21st, 2009 7
I don't believe it!
Those are the keywords from the top spam topics and they WENT THROUGH WITHOUT ANY MODIFICATION! I only submitted it just to see if, by some off chance, it would work.
Un-fückin-believable.
Yet cocckroach is flagged.
I'm sooooooo irritated.
9:56 am on April 21st, 2009 8
I'm also constantly annoyed by the appearance of statistics like this, completely out of context: I'm a humanities major, but even I know enough about numbers to tell when statistics are being pulled out of context in order to sound more dire/fantastic. The most annoying one to me is when Koreans pull their hair out over Korea's low TOEFL and TOEIC average scores, when everybody and their dog takes the test here, as opposed to most countries, where most of the test takers are probably applicants for study abroad programs and masters' programs and multinational companies, etc..