Wendover productions put out a very good video of samsungs influence within the south Korean economy. As always with the internet take things with a grain of salt, but it appears that Samsung basically runs the south Korean economy for better or worse and is part of a multitude of industries beyond just cellphones and tech (tvs, speakers etc). Working for the company is so prestigious in current society's eyes that there are standardized tests administered to students just for a chance to interview. LG, Hyundai etc are considered second class conglomerates and any other company is considered bottom tier.
As someone who is from an Asian background, in many ways I believe this to be true to some level. The country I'm from holds working for certain companies with a prestige and especially if someone works in a specific industry depending on thr city or state their from. For example, the asian state my dad is from holds jewelers and business man in incredibly high regard that if they were able to "make it" in India it is assumed they were wildly successful and incredibly rich.
Obviously doctors are held in high esteem and ironically engineers are considered second class intelligence. The city my mom is from holds government is extremely high regard because of the prep and interview intensity (ironic because of corruption). My grandfather used to work in the government and he was apparently extremely highly acclaimed for the work he did (there is a library allegedly and on my dad's side they named a river after my grandpa in the local village).
So in south Korea, it's very interesting to see these things and how it overlaps in my culture and the parallels. Samsung is the definition of a monopoly controlling governments, not the other way around
redracer67 t1_iwzfc0m wrote
Reply to comment by stylz168 in TIL in response to infamously high suicide rates at Mapo Bridge in Seoul, South Korea, the bridge was adorned with suicide prevention messages and uplifting photos. These measures weren't enacted by the government, however, instead the entire project was financed by Samsung's life insurance division by evilclownattack
Wendover productions put out a very good video of samsungs influence within the south Korean economy. As always with the internet take things with a grain of salt, but it appears that Samsung basically runs the south Korean economy for better or worse and is part of a multitude of industries beyond just cellphones and tech (tvs, speakers etc). Working for the company is so prestigious in current society's eyes that there are standardized tests administered to students just for a chance to interview. LG, Hyundai etc are considered second class conglomerates and any other company is considered bottom tier.
As someone who is from an Asian background, in many ways I believe this to be true to some level. The country I'm from holds working for certain companies with a prestige and especially if someone works in a specific industry depending on thr city or state their from. For example, the asian state my dad is from holds jewelers and business man in incredibly high regard that if they were able to "make it" in India it is assumed they were wildly successful and incredibly rich.
Obviously doctors are held in high esteem and ironically engineers are considered second class intelligence. The city my mom is from holds government is extremely high regard because of the prep and interview intensity (ironic because of corruption). My grandfather used to work in the government and he was apparently extremely highly acclaimed for the work he did (there is a library allegedly and on my dad's side they named a river after my grandpa in the local village).
So in south Korea, it's very interesting to see these things and how it overlaps in my culture and the parallels. Samsung is the definition of a monopoly controlling governments, not the other way around