Friday, September 28, 2007

South Korea. A Fascinating Country!

Today we will take an indepth look at the South Korean economy, and will treat you to some excerpts from the website: www.workpermit.com:

Hundreds of thousands of South Koreans have emigrated to places around the world since the Korean War ended in the 1950's. Traditionally a closed society, very similar in some aspects to Japan, not very many foreigners immigrate back into the country.

Combined with a fairly static birth rate, the country has shown signs of
not replacing its highly skilled and educated work force at needed rates for some time.

Research Institute now indicates that increasing numbers of highly skilled Koreans are leaving the country. One of the conclusions of the report is that the Republic of Korea's international competitiveness is being shaken, with many of the best Korean workers leaving the country and not enough replacements arriving.

So, it seems that South Korea is losing some of its vitally needed skills, and that this problem cannot be ignored or brushed aside!

We will therefore continue our indepth look at South Korea in our next few Posts.

Meantime, please feel free to share any comments on the "brain drain issue" by posting your Comments on this blogsite. Thanks!

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