Exporting South Korea's economic policy to Taiwan

So there's a debate in Taiwan about whether or not Samsung threatened to "kill" Taiwan by taking over some industries there.

Here's another reason I will never have a leadership position in Taiwan. Instead of debating about whether or not Samsung had such a plan, I would visit South Korea on a fact-finding mission. I would then announce that I was going to apply South Korea's various restrictions on business on Samsung:

* Force Korean businesses operating in Taiwan to shut down their businesses at least twice a month.

* Restrict large Korean companies from expanding into other industries.

* Prevent Korean companies in Taiwan from open in randomly designated areas (such as, within 500 feet of mom and pop stores)

* Force large Korean companies in Taiwan to share their profits with smaller companies.

* Demand that they increase their CSR giving.

* Even monitor and control such things as the temperature in their buildings.

* Threaten to tax them more to pay for numerous social programs.

Well, actually, I wouldn't do such stupid things, proof that I am not a politician in South Korea.

To paraphrase Mark Twain:

Suppose you were an idiot.
Suppose you were a politician in Korea.
But I repeat myself.

Of course, that isn't true. I'm just talking about the ones intervening in the economy.

My local Lotte Mysuper. Forced to close because of the government's (national, local, regional) idiotic "economic democratization" campaign.

One night, I stopped by to go shopping, then, oh, Snap! The door was locked. Thanks, Korean government!

The Korean government's effort to slow economic growth.

I asked an employee if I could have the sign the day after. I'm sure if she knew how much I am opposed to the policy that she would have given it to me.

I guess she didn't get the memo that the store was closed, per the government's orders.

Definitely, she didn't get the memo. She walked even closer to the sign, then stomped her foot. I wonder if she voted for the politicians who supported the policy.


If I were CEO of E-mart, the banner would have a photo of the politician responsible for the closure, thanking him for his vision for helping the economy.

Chosun Monthly magazine [Korean language]

Chosun Monthly Magazine has made an announcement (in Korean) about the Seoul Honorary Citizenship award that I received on December 9, 2022. Our Korean staffers say that the magazine is a big deal in South Korea. Here's the overall roundup of media about the award. In the next two months, I have extended interviews coming up in two different magazines, one in the USA and one in South Korea. Both articles will be in respected publications so they should raise awareness of FSI's work that your support makes possible. * * * Support FSI via Stripe or PayPal . https://donate.stripe.com/3cs28F5IAcc85IAaEF or PayPal .

North Korean defector seeks justice (Korea Times)

It was international news when 12 North Korean waitresses and a male manager who worked at a restaurant operated by the North Korean regime in China arrived in South Korea in 2016. The waitresses have mostly maintained a low profile. There have been numerous accusations and assertions, with some saying the waitresses didn't want to escape, some accused the Park Geun-hye administration of playing politics by releasing details of the case, etc., etc., etc. My blog at the Korea Times today features an exclusive interview with one of the former North Korean waitresses who filed a criminal case against the former manager. You can read about it here on the Korea Times website. https://www.koreatimes.co.kr/www/opinion/2023/02/728_345165.html Keep in mind that there are many more facts to the case and that it is much deeper than this brief excerpt of her comments. She also shared legal documents that I shared with the Korea Times well in advance to give them time to review t...

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