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On September 04 2013 10:08 wei2coolman wrote:Show nested quote +On September 04 2013 06:33 Kipsate wrote:On September 04 2013 06:25 Liman wrote:
I think they make bulldozers too :D They develop weapon technology, surveillance, produce ships, provide insurance policy and a ton of other stuff. Asian groups do everything. I am a bit suprised its only 500k considering that not only can they appeal to the Korean demographic but also to the foreigner one, which is different from the other Kespa teams. I never understood why koreans have so many conglomerates.
Vertical integration means you can build stuff cheaper than people who aren't as large. Example. Samsung makes TVs. The microprocessors inside, the circuit boards, the power supply, the LCD panel etc. are all made by Samsung. Pick any smaller manufacturer and you have to buy the panel from one manufacturer, electronics from another and there are middleman profits everywhere. Cut out all the middlemen and you can undercut competitors or be more profitable than your competitors.
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PART OF OSEN ARTICLE
LOL은 최근 한국e스포츠 뿐만 아니라 한국게임 시장을 사실상 장악한 인기 게임. 58주째 1위를 차지하며 PC방 점유율 40%를 넘기고 있다. 9월 1일 기준으로 2위 인기게임 피파온라인3(10.25%)에 4배 가량 앞서는 수치로 경쟁작인 스타크래프트2가 0.66%에 불과한 것을 고려하면 파급력이 어마어마 하다.
Not only it is popular in recent Korean Esports, LoL has literally took over whole Korean gaming market. LoL has been ranked 1st consecutively for 58th weeks and has 40% PCBang share (meaning on average, 40% of the people in Korean Internet Cafe play LoL). ... skipping part about 2nd ranked FIFA ONLINE HAVING 10.25% ... Its competitor game called Starcraft 2 has 0.66%...
Do something blizzard....
I love sc 2...if korean league dies, i quit sc 2  gg
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On September 04 2013 10:08 wei2coolman wrote:Show nested quote +On September 04 2013 06:33 Kipsate wrote:On September 04 2013 06:25 Liman wrote:
I think they make bulldozers too :D They develop weapon technology, surveillance, produce ships, provide insurance policy and a ton of other stuff. Asian groups do everything. I am a bit suprised its only 500k considering that not only can they appeal to the Korean demographic but also to the foreigner one, which is different from the other Kespa teams. I never understood why koreans have so many conglomerates.
See Lmui, but also as part of South Korea's growth development since the Korean War, the government worked with and sponsored the development of the chaebols, which has embedded the existence of these conglomerates as integral parts of the South Korean economy. They're less prominent now after the economic/financial crisis in the late 90s as a result of the structural problems of such a system, but there you go.
Or a quick wiki link, if you don't want to look for the academic literature on the subject.
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Not even surprised by this. With the way LoL is looking, I bet more prestigious sponsors will come soon. The scene is looking to be even bigger than BW back in the day.
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On September 04 2013 11:47 Lmui wrote:Show nested quote +On September 04 2013 10:08 wei2coolman wrote:On September 04 2013 06:33 Kipsate wrote:On September 04 2013 06:25 Liman wrote:
I think they make bulldozers too :D They develop weapon technology, surveillance, produce ships, provide insurance policy and a ton of other stuff. Asian groups do everything. I am a bit suprised its only 500k considering that not only can they appeal to the Korean demographic but also to the foreigner one, which is different from the other Kespa teams. I never understood why koreans have so many conglomerates. Vertical integration means you can build stuff cheaper than people who aren't as large. Example. Samsung makes TVs. The microprocessors inside, the circuit boards, the power supply, the LCD panel etc. are all made by Samsung. Pick any smaller manufacturer and you have to buy the panel from one manufacturer, electronics from another and there are middleman profits everywhere. Cut out all the middlemen and you can undercut competitors or be more profitable than your competitors.
But, also stuff like CJ, where they own anything from grocery stores to electronics companies. I guess its a culture thing. Conglomerates exist in America, but they're not quite as pervasive in society.
On September 04 2013 12:42 Lord Tolkien wrote:Show nested quote +On September 04 2013 10:08 wei2coolman wrote:On September 04 2013 06:33 Kipsate wrote:On September 04 2013 06:25 Liman wrote:
I think they make bulldozers too :D They develop weapon technology, surveillance, produce ships, provide insurance policy and a ton of other stuff. Asian groups do everything. I am a bit suprised its only 500k considering that not only can they appeal to the Korean demographic but also to the foreigner one, which is different from the other Kespa teams. I never understood why koreans have so many conglomerates. See Lmui, but also as part of South Korea's growth development since the Korean War, the government worked with and sponsored the development of the chaebols, which has embedded the existence of these conglomerates as integral parts of the South Korean economy. They're less prominent now after the economic/financial crisis in the late 90s as a result of the structural problems of such a system, but there you go. Or a quick wiki link, if you don't want to look for the academic literature on the subject.
Ah, okay, this explains a lot.
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Korea (South)11232 Posts
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details.
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On September 04 2013 15:34 Chexx wrote:
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details.
care to share us?
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On September 04 2013 15:34 Chexx wrote:
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details.
Yes, please.
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Samsung taking over all the things
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On September 04 2013 15:34 Chexx wrote:
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details.
Would like that.
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Wow, that's alot of money.
I can imagine Samsung buying Ozone beneficial for the players as Samsung is a worldwide brand and it may open up more opportunities.
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I'm no Chexx, but I spent about a year studying S.Korea at Berkeley.
Essentially, post WWII/Japanese colonialisation and the Korean War, Korea's economy was pretty shit. The S. Korean government essentially backed and subsidized a few select companies (the chaebols), which epitomized the "too big to fail" ideology, in order to grow and industrialize S. Korea's economy (it was pretty rural/agricultural prior to this). This resulted in companies like Samsung expanding into multiple markets and producing a large variety of goods and services. It also helped S. Korea's economy absolutely explode making it one of the "Four Asian Tigers".
However, everything went to shit in 1997 with the Asian market crash, which is a whole different issue, but it basically made chaebols and shit bankrupt since they were so incredibly dependent on the government and the Asian economy's continued growth and good health. A few of them disappeared, but the ones that survived are still huge, albeit smaller than they were.
Edit: Oh yea, forgot to mention. Part of the reason why chaebols grew so damn big was because foreign investors were also really interested and excited about the rising Asian economy and lended absurd amounts to select Asian governments and companies, like S. Korea and the chaebols. This also created a bubble, which eventually burst leading to the 1997 crisis. My explanation is very brief and simplifies a ton of stuff; may also be missing/misremembering some things.
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Baa?21244 Posts
From the wiki page, this section is very important:
Chaebol are still largely controlled by their founding families, while keiretsu are controlled by groups of professional managers. Chaebols, furthermore, are more family based and family oriented than their Japanese counterparts, Indeed, a fundamental difference in the concept of "family members" between the Japanese and Koreans exists, The Japanese concept of family consist of two meanings. One is the concept of family based strictly on blood relationship. The other is the concept of the household or clan which is not only based on blood relationship but also on adoption. The Korean concept of family, on the other hand, is strictly based on blood relationship.
It gets underemphasized often, but Asian business is very family-oriented, and chaebols are the epitome of that. It's easy to grow a big conglomerate when you feel obligated to give every family member a C-level position of something, and then you might as well just combine every business owned by your family into one giant one.
Lots of TL people learned about Korea in school I guess lol, real Starcraft power. I wrote a paper about STX (the corporation) ~_~
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I was actually interested cause the class I was introduced to Korean history/politics with focused partially on North Korea, which I thought was cool.
I was quite disappointed when there was no mention of Starcraft in my classes tho :[
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On September 06 2013 06:29 Carnivorous Sheep wrote:From the wiki page, this section is very important: Show nested quote +Chaebol are still largely controlled by their founding families, while keiretsu are controlled by groups of professional managers. Chaebols, furthermore, are more family based and family oriented than their Japanese counterparts, Indeed, a fundamental difference in the concept of "family members" between the Japanese and Koreans exists, The Japanese concept of family consist of two meanings. One is the concept of family based strictly on blood relationship. The other is the concept of the household or clan which is not only based on blood relationship but also on adoption. The Korean concept of family, on the other hand, is strictly based on blood relationship. It gets underemphasized often, but Asian business is very family-oriented, and chaebols are the epitome of that. It's easy to grow a big conglomerate when you feel obligated to give every family member a C-level position of something, and then you might as well just combine every business owned by your family into one giant one. Lots of TL people learned about Korea in school I guess lol, real Starcraft power. I wrote a paper about STX (the corporation) ~_~
I guess that's a huge difference between American conglomerates and Chaebols, the nepotism seems like a huge part of it.
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Korea (South)11232 Posts
Will write something but takes some time. I have other stuff to write and would need to translate my thesis into english.
Just wait a little bit
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On September 03 2013 16:56 Fionn wrote:It's actually pretty smart. Ozone has four world class players: Imp, Mata, Dandy and dade. They should be an elite team for a long time. They're also a big favorite to go deep and win the entire tournament along with probably OMG and the Korean Regional winner. Also, unlike KT, CJ and SKT, Samsung is a global brand. What better way to advertise your product and push yourself to the head of the e-sports world than grabbing a team that has a great shot of winning what is going to be the most watched e-sports event of all-time.
Whoa there Fionn, thats a pretty big dis to the actual first place Korea LoL team: NaJin Sword.
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Cayman Islands24199 Posts
korean clan conglomerates resembles italian clan conglomerates. they reflect the social structure, or 'way of influence' however you put it.
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On September 04 2013 15:34 Chexx wrote:
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details.
yes lets turn this into a korean history thread please.
But seriously, i am quite interested on the topic. Is nepotism considered a part of their culture or do koreans look at it as a bad thing?
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On September 06 2013 12:45 Cubu wrote:Show nested quote +On September 04 2013 15:34 Chexx wrote:
I wrote my bachelor thesis about Chaebol. If you guys want I can explain it with more details. yes lets turn this into a korean history thread please. But seriously, i am quite interested on the topic. Is nepotism considered a part of their culture or do koreans look at it as a bad thing?
It's sort of both. All east asian countries has this 'problem'. It's ingrained in our culture, but is a constant media drawn ire on the topic. Though arguably it's more a focus on abuse of power as opposed to giving family members position of power.
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EPT
