Duc, sequere, aut de via decede!

Occidental medical practitioners gazumped by oriental medical practitioners

November 24th, 2012 . by Errol

“A Korean court recently denied the request of the Korean Medical Association (KMA) to ban the Oriental Medicine Doctors Union from changing its name to the Association of Korean Medicine.

Oriental medicine doctors had been using the name the Association of Korean Oriental Medicine, but they changed the name to the Association of Korean Medicine in March … the KMA is adamant that the names are easily confused.”

Yoon Ja-young, Korea Times, 23 November 2012

People all over the Korean Peninsula laughed this off saying: “Do you think Koreans are so gullible? What next? You think people can be conned into believing that Starpreya is the same as Starbucks? Or that BMW Room Salon is Bavarian Motor Werke Room Salon? Totally, laughable. Everyone knows that this is just a marketing gimmick. Like saying a Hyundai has lower fuel consumption than a Honda.”

60% of Korean actresses unable to resist sexual advances by chaebol bosses?

November 4th, 2012 . by Errol

“Almost 60 percent of (the 111 actresses who responded to a survey by the Korean Women’s Development Institute) said they believed rejecting sexual advances would disadvantage their careers, and 48.4 percent said they had in fact lost out on appearances on shows because they refused.”

That means approximately 20% (11.6% of 60%) always provided sexual favours for Korean bosses to get jobs, and the other 40% sometimes didn’t provide sexual favours for some chaebol bosses and thereby sometimes lost jobs but got jobs at other times?

“Chaebol bosses were cited as the most common group of people seeking sex with the stars, cited by 43.9 percent of respondents, followed by TV producers and directors with 38.6 percent.

Among aspiring actresses surveyed, 72.3 percent were forced to go on a diet and 58.7 percent said they were told to have plastic surgery.

“Each year, 48,000 aspiring actresses graduate from various acting schools in major cities, and there is no way of telling how many more women are hired by small talent agencies,” a National Human Rights Commission official said.”

Chosun Ilbo, 5 November 2012

“Korea has a nasty habit of denying the existence of a problem,” Gongpil Choi

October 14th, 2012 . by Errol

“Korea has a nasty habit of denying the existence of a problem, which actually feeds the problem and makes it bigger. Only when the problem bloats to a point where it could blow up for everyone to see will bureaucrats budge and throw an enormous amount of taxpayer money at it to extinguish the threat. I think this is happening with the household debt situation,’’ said Gongpil Choi, senior economist at the state-run Korea Institute of Finance (KIF), in a recent telephone conversation.

The core of the problem, he says, is that around 80 percent of Korea’s private-owned assets are in real estate.

To restore the health in consumer activity, it is critical to convert real estate assets into buying power, Choi said. However, property market fragility and precarious family finances suggest that households may not have the mettle to withstand a process of deleveraging.

“The deleveraging could trigger a dramatic fall in asset values, which then may paralyze the country’s financial system and batter the real economy into a long-term recession. The negative feedback on asset holders will be significant and the implosion could result in a wealth polarization much worse than the actual difference in income,’’ Choi said.

To combat the disastrous vortex of softening economic activity and spiraling debt, Korea is in desperate need of political honesty.

Korea Times, 14 October 2012



IMF: Australia now 12th largest economy in the world

October 8th, 2012 . by Errol

Achieved because of, or in spite of, our political “leadership”?

Korean prostitution bosses demand return of Korean prostitutes (and their money) from foreign climes

September 26th, 2012 . by Errol


Workers and bosses in the Korean sex industry are demanding the scrapping or revision of anti-prostitution laws.

Since the enactment of the anti-prostitution laws in 2004, tens of thousands of Korean male and female prostitutes have left Korea to work in Japan, the USA, Canada and Australia.

Prostitution is legal in some parts of the last three countries, reducing the need for pimps, bongo van drivers, fruit cutter-uppers and waiters; this enables Korean prostitutes to retain a larger share of their earnings, than they would be allowed to keep by their Korean bosses.

Korea Times 26 September 2012

Park Geun-hye = Lee Myung-bak? Jaebol poised to increase stranglehold on Korean workers

September 16th, 2012 . by Errol

“(C)ombined revenue (of jaebol) represented 52.6 percent of Korea’s GDP from 2003-2007 and 69.1 percent from 2008-11.”

Joongang Daily, 17 September 2012

“The chairman of the New Frontier Party’s committee for “public happiness” has been openly critical of his party’s, and presidential candidate Park Geun-hye’s, apparent unwillingness to take action toward economic democracy.

The source of Kim Jong-in’s displeasure appears to have been Park’s noncommittal stance on the issue.

Kim also said a close acquaintance, Hansung University professor Kim Sang-jo, told him he would be “used and discarded” by Park.

“It’s still not clear at all that any of them [Park and the NFP] have any determination to pursue economic democracy,” he said.

Kim also made reference to his resignation as emergency committee member in March following the party’s nominations for the general election.

“It looked to me like not a single person who got nominated for the party would take action for economic democracy, so I said, ‘I can’t do this,’” he explained.”

15 September 2012 © 2012 The Hankyoreh Media Company

North Korea claims Chinese company baited and switched: Chinese company counterclaims that North Korean regime baited and switched.

September 5th, 2012 . by Errol

“North Korea’s state-run media has issued rare criticism of a Chinese mining company that accused it of being a “nightmare” to do business with.

Chinese firm Xiyang was working on an iron ore venture, but said it stopped after facing unreasonable demands.

Xiyang failed to honour investment promises and was to blame, KCNA news agency says.

A North Korean spokesman issued a statement carried by the Korean Central News Agency (KCNA) saying that Xiyang “is chiefly to blame from the legal point of view”.

“It [Xiyang] has carried out only 50% of its investment obligations though almost four years have past since the contract took effect,” the spokesman said.

Xiyang said it invested more than $37m (£23.32m) on the project, but shelved it after North Korea asked for significant changes to the contract.

The company also said that North Korea violated its own investment laws, telling Reuters news agency that it had been “cheated”.

“They just don’t have the conditions for foreigners to invest. They say they welcome investment but they don’t have the legal or social foundations,” Wu Xisheng, vice-general manager, told Reuters.”

BBC 5 September 2012

Lee Myung-bak desperate to boost housing demand artificially

August 29th, 2012 . by Errol

After Chuseok, prices are gonna tumble down.
After Chuseok, realtors are gonna frown.
Lee Myoung-bak is gonna stimulate some action;
But we’re not gonna get any satisfaction.

JJ Cale and Eric Clapton

Park Won-gap, head of the real estate business department at KB Kookmin Bank.

“Let’s face it, apartments will never be the low-risk, high-reward financial item they were during the housing boom. The nation is too heavily in debt and we simply don’t have enough people willing or able to continue rolling the dice like that.”

Korea Times, 29 August 2012

Samsung Judgment Day: An Opportunity for Ahn Cheol-soo

August 25th, 2012 . by Errol

The Olds’ Days of blatant copying, which worked in manufacturing, based on a culture of bullying of Youngers, exemplified by the slave-master mentality of the Yusin Constitution, are GAME OVER.

Who best to take Korea into those shining uplands of future prosperity than the Professor of Innovation and Convergent Technologies: The next President of Korea.


The Elephant in the Room

The Elephant in the Room

Seoul City to help foreign women retrain to serve coffee and paint nails

August 23rd, 2012 . by Errol


“Seoul City (Government) said Thursday it plans to create a social enterprise at which immigrant women can work as baristas and manicurists, in a bid to create jobs for those seeking a stable source of income and job stability.

Shops will be operated in collaboration with private firms in spaces provided by the city to give them job opportunities.”

Kim Bo-eun, Korea Times, 23 August 2012

Seoul City stimulated to take a leaf out of the coffeehouses in Orange County, California?


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