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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
korea - From කොරියා to KOREA EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
korea - From කොරියා to KOREA EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
korea - From කොරියා to KOREA EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
korea - From කොරියා to KOREA EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
korea - From කොරියා to KOREA EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
korea - From කොරියා to KOREA EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
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» SEYB.N0000 (Seylan Bank PLC)
korea - From කොරියා to KOREA EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
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» The Korean Way !
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» In the Meantime Within Our Shores!
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» What is Known as Dementia?
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» SRI LANKA TELECOM PLC (SLTL.N0000)
korea - From කොරියා to KOREA EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» Equinox ( වසන්ත විෂුවය ) !
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» REXP.N0000 (Richard Pieris Exports PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
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» Do You Have Computer Vision Syndrome?
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» LAXAPANA BATTERIES PLC (LITE.N0000)
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» What a Bank Run ?
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» 104 Technical trading experiments by HUNTER
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» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» AHPL.N0000
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» TJL.N0000 (Tee Jey Lanka PLC.)
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» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
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» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
korea - From කොරියා to KOREA EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
korea - From කොරියා to KOREA EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
korea - From කොරියා to KOREA EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
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» Going South
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» When Seagulls Follow the Trawler
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» Re-activating
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» අපි තමයි හොඳටම කරේ !
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
korea - From කොරියා to KOREA EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
korea - From කොරියා to KOREA EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
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» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
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+6
chutiputha
jiggysaurus
Future123
කිත්සිරි ද සිල්වා
HUNTER
yellow knife
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    From කොරියා to KOREA

    yellow knife
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    • Post n°1

    korea - From කොරියා to KOREA Empty From කොරියා to KOREA

    Post by yellow knife Tue Sep 29, 2015 5:09 pm

    I never thought I am going to deeply study about a country called Korea.

    I knew කොරියා in Sinhala is used as a similar word to slum houses. But I never thought that such slim housed nation became a developed nation and there is an interesting story to unearth.

    korea - From කොරියා to KOREA 9k=

    I used to say dictatorship is better than Senate system, but I never knew the founding father of a nation controlled the state with such an iron fist and usher it to development.

    korea - From කොරියා to KOREA 2Q==

    I talked about Family Tree, but I never knew families can be lead to win the world market.


    korea - From කොරියා to KOREA 2Q==

    I often said FDIs are not the secret behind economic success but I never knew good examples than China and Japan.



    I ve seen our loving cricketers of West Indies and SL dance Gangam Style but I never knew kpop to be so profitable export like Bob Marley to Jamaica.

    korea - From කොරියා to KOREA Images?q=tbn:ANd9GcQKm3C_4uUNdeC-cW2F6bDf2OuVlwHbNjl2QTPMzCN9Um22PuAwSTUZfSkl



    I ve seen Sujatha Diyani capture SL than Hindi tele dramas. But I never knew South Koreans export literature to a massive extent.

    korea - From කොරියා to KOREA Images?q=tbn:ANd9GcR-0qdv2oX2pCqGI99Rewe9o79lOrABOb301TMXTFQhLb6K8Hpt




    Samsung is a Korean phone but I never knew they started as dry-fish seller.

    korea - From කොරියා to KOREA 9k=

    I knew Warren Buffet as a long term investor and I knew World Bank, IMF as a collection of paid economists who have no loyalty towards one country's development but I never knew Berkshire Hathaway purchased a substantial chunk of POSCO which world bank once branded as useless effort.


    korea - From කොරියා to KOREA Images?q=tbn:ANd9GcR4qA2hAIpvY4MP-SJ_o9UjFMUviLdV52JKEo_g9vrwYALXUX_s

    I really enjoy Korean food in SL but I never knew a considerable portion of the forex often received from Korean Diaspora through-out  history

    korea - From කොරියා to KOREA 2Q==
    Its time to study Miracle country which rose from ashes like Phoenix
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    • Post n°2

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by yellow knife Tue Sep 29, 2015 5:26 pm

    A video clip which summarizes South Korean Success..


    https://youtu.be/UA92mb3d3x0

    https://www.youtube.com/watch?v=UA92mb3d3x0




    google

    The Miracle of the Han River - Park Chung Hee
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    • Post n°3

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by yellow knife Tue Sep 29, 2015 5:52 pm

    When in other nations the monopolies are termed as Crony Capitalists


    korea - From කොරියා to KOREA Samsung-chaebol-chart
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    • Post n°4

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by yellow knife Tue Sep 29, 2015 5:54 pm

    The development of monopolies were not chopped

    korea - From කොරියා to KOREA Econ_korea40__02__614x365
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    • Post n°5

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by HUNTER Tue Sep 29, 2015 6:29 pm

    YK, I like to clarify the following;

    >>>>>dictatorship is better than Senate system....

    As I have heard, North Korea has a stronger dictatorship. Does it mean they are better than south?
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    • Post n°6

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by yellow knife Wed Sep 30, 2015 7:08 am

    South Korea had a dictator General Park Chun Hee and North Korea had a dictator Kim Il Sung.

    So the two variables were equal.

    One allowed private enterprises and the other prohibited private enterprises.

    So the decisive factor was not dictatorship but private enterprise between North and South Korea.

    Even now this is how debates take place in South Korean parliament.

    korea - From කොරියා to KOREA Images?q=tbn:ANd9GcSQYK2QKJoIuIaI4vkd4ysGpHU9sAAQ_xa6-FkHM92aF3bZrvaiCg
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    • Post n°7

    korea - From කොරියා to KOREA Empty Re: From කොරියා to KOREA

    Post by yellow knife Wed Sep 30, 2015 7:34 am

    සමගිව රැස් වී සමගිව විසිරයන කොරියානු ලිච්චවි රජ දරුවෝ

    In a senate system , they assemble peacefully, discuss peacefully and end the session peacefully

    But in South Korean Parliament

    korea - From කොරියා to KOREA Images?q=tbn:ANd9GcSxuCictHPL8BmgmWlow2TSB_oFNtE51hi1WIqo3mAXA9s5_SkNqQkorea - From කොරියා to KOREA Images?q=tbn:ANd9GcSqQa8rOwxfrq3dME8GfreGOSjyUGpLre_thMPatw02RH6bwHpn

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    Post by yellow knife Wed Sep 30, 2015 7:51 am

    We at SL enjoy super class democracy and even the strongest leaders leave peacefully even before the final results released.

    Ranil Wickramasinghe once left Temple trees carrying a framed poem IF in his hand. MR left Temple temple trees very peacefully.

    Koreans have elected one time dictator Park's daughter to govern them now.

    Ok. Lets forget about democracy for the moment and look at good lessons from South Korea and explore their voyage from under developed nation to developed nation.
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    • Post n°9

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    Post by කිත්සිරි ද සිල්වා Wed Sep 30, 2015 8:25 am

    This is the most important think to discuss / ponder than anything else.
    Thanks YK. Very Happy
    yellow knife wrote:
    Ok. Lets forget about democracy for the moment and look at good lessons from South Korea and explore their voyage from under developed nation to developed nation.
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    Post by yellow knife Wed Sep 30, 2015 8:52 am

    Ok

    South Korea was one of the poorest nation of the world when General Park Chan Hee captured power and created a military style government.

    South Korea was supported by US and North by Russia. But because of anti-democratic actions of General Park , Americans gave up supporting South Korea.

    General Park moved towards Germany. West Germany understood the fate of South as theirs. Its the same story . The same country torn apart made East West, or North South and one to follow communism and the other to capitalism.

    West Germany offered jobs for South Koreans.

    quote from following source

    http://www.goethe.de/lhr/prj/daz/mag/mig/en10986481.htm


    The beginning was hard. The first two hundred Koreans came to Germany as miners. Some 8,000 others had followed them by 1977. They were mainly students and employees, highly skilled men who were not accustomed to the heavy work underground. During the same period South Korea also send 10,000 young women who were needed in Germany as nurses. All, both nurses and miners, came over as guest workers; there was a strict obligation to return. Three years and their stay was over. This rule applied up to 1980
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    Post by yellow knife Wed Sep 30, 2015 8:55 am

    Remittances from South Korean Nurses and miners working in Germany was the main source of income of this poor country.

    Sri Lanka followed the same style under JRJ. Started sending house-maids and drivers to Arab and continue upto now.

    Same strategy and two different results.

    korea - From කොරියා to KOREA 9k=

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    • Post n°12

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    Post by කිත්සිරි ද සිල්වා Wed Sep 30, 2015 9:01 am

    Yes the reason is that we ate those hard earned foreign currency than reinvesting them in money earning / employment creation local industries.
    It is still the same and it will stay the same for a foreseeable future too.
    Because, people we send to lead us have no vision.
    They had dictators with vision.
    Our dictators had one thing only in their mind.
    DEVELOP (Not the country).  Shocked
    Sri Lanka followed the same style under JRJ. Started sending house-maids and drivers to Arab and continue up to now.
    Same strategy and two different results.
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    • Post n°13

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    Post by Future123 Wed Sep 30, 2015 9:08 am

    How long are we going to be a developing country?
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    • Post n°14

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    Post by yellow knife Wed Sep 30, 2015 9:12 am

    Once again I will request you to watch Korean documentary

    https://youtu.be/UA92mb3d3x0

    By putting the future remittance into a collateral General Park Chun Hee started investing in Seoul-Busan Highway and Now Korea Celebrate 40 years of High Way.

    korea - From කොරියා to KOREA Z

    40 Years ago spending massively on highways in a country where people don't have vehicles?

    Yes that is the path of Success..



    Please read following link very carefully. It talks about Sri Lankan Highways. It talks about How World Bankd refused giving a loan to South Korea for developing the highway.

    Read the same criticism you get for SL spending heavily in infrastructure.

    http://www.koreatimes.co.kr/www/news/nation/2013/08/117_59823.html
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    Post by yellow knife Wed Sep 30, 2015 9:16 am

    If Korea had democracy during first five year plans definitely people would have sent Park Chun Hee and US Kennedy and World Bank would have celebrated the freedom people get over un-necessary development of infrastructure when people have other priorities..

    Luckily for South Koreans they had a dictator and not a Senate
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    Post by yellow knife Wed Sep 30, 2015 9:20 am

    Once there was an attempt to assassinate Park. A gunman shot at Park who was delivering a speech. Target missed. Park's wife got severely wounded.

    Park continued his speech.

    http://www.sjsu.edu/faculty/watkins/park.htm


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    • Post n°17

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    Post by yellow knife Wed Sep 30, 2015 9:38 am

    people enjoying Highways ( without owning a vehicle) in 1970s

    korea - From කොරියා to KOREA 100127_p23_korea2
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    • Post n°18

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    Post by yellow knife Wed Sep 30, 2015 9:48 am

    Korea Now

    korea - From කොරියා to KOREA South-korea-the-miracle-on-the-han-river-21-638
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    Post by yellow knife Wed Sep 30, 2015 12:12 pm

    Before we look at contribution by family businesses lets have a break

    https://youtu.be/BSIC1zJ3Nno?t=4

    Anyone who wants to master finger style guitar just keep this ten year Korean Boy as a role model.

    Sungha Hung

    korea - From කොරියා to KOREA 9k=
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    Post by කිත්සිරි ද සිල්වා Wed Sep 30, 2015 12:17 pm

    Do you want a Dictator or an elected person to lead us?
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    • Post n°21

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    Post by yellow knife Wed Sep 30, 2015 12:32 pm

    So far we had elected leaders...

    So what does an elected leader do?

    He has a short term given like 6 years...He is held responsible for any mistakes..

    So what will he do ?

    Play safe...

    I appreciate a dictator who can appear as an elected democratic to the rest of the world ( to prevent sanctions) who will rule for more than 18 years consecutively,.. appears to closely align to US policies but never follow... who gets the advice from IMF and WB but never practice....who understand the power of Monopoly in business and allow private business but control them through State Banks...etc..
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    Post by කිත්සිරි ද සිල්වා Wed Sep 30, 2015 12:50 pm

    Again I am curious?
    What is wrong with their advice?
    (who gets the advice from IMF and WB but never practice).
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    Post by yellow knife Wed Sep 30, 2015 12:54 pm

    When we slowly study Korea we will come to know about them... Of course IMF bailed out Korea and in return Korea became so strong in foreign reserve holding..
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    • Post n°24

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    Post by කිත්සිරි ද සිල්වා Wed Sep 30, 2015 12:57 pm

    Someone told (from WB) me that we spend 70% of the borrowed money on recurrent expenditure and how do we expect to develop then?
    How much of the 30% gets siphoned of is everyone's guess and is it WB (or for that matter IMF) fault?.
    yellow knife wrote:When we slowly study Korea we will come to know about them... Of course IMF bailed out Korea and in return Korea became so strong in foreign reserve holding..
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    Post by yellow knife Wed Sep 30, 2015 1:01 pm

    If I am not mistaken Why Nations Fail talk about your issue..

    All NGOs Donors themselves ( employees of such institutions ) enjoy a good portion of what they donate.. then the rest of bureaucrats... then the government ...

    Finally a small contribution reach to the deserved...
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