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Old 02-06-2014, 10:26 PM
7,355 posts, read 11,894,302 times
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Give it another 5-6 yrs and the Hyundai line will pass the Toyotas and Hondas...their Samung LED TVs are already tops right now....they recently showed their 110 inch Ultra HD TV:

LG also showed their new curved 105 inch OLED TV

Old 02-11-2014, 07:39 PM
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It was a gradual process but probably by the early 00s is when it became more or less as rich as Europe and Japan.
Old 02-12-2014, 04:35 AM
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S. Korea's technology trade balance lowest among OECD members
SEOUL, Sept. 10 (Yonhap) -- South Korea's trade balance in technology transactions ranked the lowest among a group of advanced countries due to its weakness in original technologies, data showed Monday.

According to the Organization for Economic Cooperation and Development (OECD), the technology trade balance ratio of Asia's fourth-largest economy came to 0.33 in 2010, the lowest among the 25 member countries surveyed.

The export-to-import ratio serves as a barometer of a country's competitiveness in path-breaking technology. An index below the 1.0 unit level indicates expenditure outnumbers earnings in royalty payments.

The figure lagged far behind other advanced countries such as Japan and the United States, which reported 4.6 and 1.46, respectively, the data showed.

"The country has been reporting shortfalls in technology trade balance as it focuses more on reprocessing foreign patents rather than developing its own," said Kang Hyun-chul, an analyst at Woori Investment & Securities Co.

The country spent US$10.2 billion on overseas payments of royalties in 2010, up 21.3 percent from a year earlier, the organization said.

In the cited period, local firms earned $3.35 billion from royalties paid by foreign companies, but their overseas payments far outweighed their income, leading the country to post a royalty balance deficit of $6.88 billion, the data showed.

South Korea's dependency on the U.S., which accounts for 57.4 percent of its royalty expenditures, also increased 23.4 percent on-year in 2010, the Paris-based club of industrialized economies added.

"South Korea's information technology industry focuses on applied technology and therefore makes huge royalty payments to foreign countries," said Son Min-sun, a researcher at LG Economic Research Institute.

"The country needs to make efforts in securing its own path-breaking technology and increase its royalty earnings," he added.
S. Korea's technology trade balance lowest among OECD members | YONHAP NEWS
I bet that Korean companies will remain as copycats and No Korean will ever win Nobel prize in academic fields.
Old 02-12-2014, 05:40 AM
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Originally Posted by The Postman View Post
List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

Korea is not far behind Japan. I wouldn't be surprised if it's surpasses it pretty soon in GDP per capita.
GDP per capita is a pretty bad indicator of the developed countries. Qatar is no.1 on that list but take away their oil resources and what do they have left? Traffic, the schooling, bureaucracy and employment rights etc. are far worse than the US and Japan.
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