South Korea has jumped from 3 world country to developed nation in just one generation 20 yrs.
Now, it still registered impressive growth behind its impressive technology and innvoative prodcuts worldwide.
South Korea elect president that has experience running the corporate congolmerate like Samsung. Current South Korea President Lee myunk Bak was ex CEO of Samsung.
it was always like that. Samsung was placed above everything else in the country.
It knows what to invest, which field to invest. Which key technology is important.
While Korea dominant in global supplier of Memory, DRAM, NAND, LED Harddrive, Cellphone, Cars. China is lacking behind much on this because it doesn't know which field to support and which crucial technology is needed.
Chinese leader only knows infrastrcuture building, building roads, train tracks, tall buildings, steel, cement.. Dam building, the old fashion stuffs, only infrastrcuture building.
I think chinese leaders are out of dated. they don't what really important. Right now, without the stimulus money, CHina will have tough time to grow because lack of key technology.
EX-Samsung CEO becoming president of Korea really sums it up. South Korea is smarter.
Did you know South korea has the highest growth after China in 2009, beating Vietnam and other developing country.
You think China 2009 trade surplus is high at $200 billion, try Korea 's $40 billion for such tiny tiny country. China's population is 15 times bigger than Korea;s
So, China 's trade surplus $200 is not very impressive against Korea's $40 billion, only 5 times.
That's very impressive for developed country. South Korea that is.
It's model for the chinese leader to emulate.
