In spite of each South Korean president’s pledge to help small- and medium-sized companies compete in the Korean market, the results tend to be puny.
The lackluster results may be a result of under-motivation by regulators in the face of the overwhelming influence of the market’s big players, and/or, as in this case, the technology and its applications confuse the bureaucrats.
Whatever may be the situation, this is a good case study of how business actually works within this economy.
For a completely different case study on how the real market operates here, check out this video report on suicides among South Korean convenience store owners: http://www.youtube.com/watch?v=8S0EvNnF5pM&feature=youtu.be&noredirect=1
Naver stifling economic creativity, start-ups say
Internet powerhouse in the crosshairs
BY SHIM SEO-HYUN, SEO JI-EUN
Korea JoongAng Daily
June 17, 2013
http://koreajoongangdaily.joinsmsn.com/news/article/article.aspx?aid=2973178
