Comments by "Yo2" (@yo2trader539) on "John Coogan" channel.

  1. Foreign ideas are often quite terrible and useless in Japan. Most do not stick because they do not suit preferences or needs of Japanese companies and customers. TSMC or Samsung cannot produce their products without Japanese equipment and components. The more they make money, the more Japanese companies make money. It's why Japan almost always has a trade surplus with both Taiwan and South Korea. (China, US, South Korea, Taiwan are the main trading partners for Japan.) And TSMC or SAMSUNG are not start-ups, they've been around for decades doing business with Japanese companies. The founding generation were able to do that because they received the same education as Japanese, inherited Japanese legal/commerce system, etc. SAMSUNG founder started out by studying in Japan, making connections, and copying and bringing Japanese business practices and ideas to South Korea. What the South Koreans did was something different, however, They made Japanese practices more extreme or leveraged, which also created all sorts of political and social tension within society. When Japan was focusing on decentralizing industries, South Korea actually created excessive concentration of capital, talent, and power. It has both pros and cons.
    1