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Back in the '80s, when Korea was still a military dictatorship and Samsung was still run by its original founder, one of the founder's sons was recruiting me fo
by SiVal 10y ago
Back in the '80s, when Korea was still a military dictatorship and Samsung was still run by its original founder, one of the founder's sons was recruiting me for some unusual (non-criminal) skills I had. He made it clear to his staff that he wanted me as one of his guys for special projects, and the way the somewhat militaristic Samsung guys kowtowed to me was truly creepy, even for dictatorship-era Korea. I was well aware that it wasn't about me but entirely about the founder's son. I was a pure symbol, inspiring fear and with no intrinsic value of my own whatsoever.
The founder died as this was happening, and I was quickly warned by some decent insiders that I should cease all contact with my benefactor and get away ASAP. The sons of the founder were going to fight for power and, as the Koreans say, "when whales fight, the shrimp's back gets broken". In a clash between the most powerful men in a military dictatorship, little people could have tragic "accidents", and so what? I took their advice.
The same family controls that company today. The guy just arrested is the nephew of my old "benefactor". The country is no longer a dictatorship, but the powerful people at the top haven't necessarily changed their ways. Every few years, there are accusations that the top Samsung people are guilty of bribery or similar manipulations. Hard to believe, right? They'll get charged, then the charges are dropped. They'll be convicted, then pardoned by the President. These are power struggles by people who are all above the law but not necessarily above one another. If you do business with them at the small, overseas, trivial level, this may not matter, but you should be aware that behind them you have a system that plays by older rules.
- brusch64 10y agoCare to elaborate what your unusual (non-criminal) skills are ? But if you don't want to talk about it that's fine. I am just nosey.
- rebootthesystem 10y agoThat's amazing. My father had textile factories in South America. During the days of military regime it wasn't uncommon for him to receive visits from "the general" and a truck full of soldiers with automatic rifles. I was way too young to understand it, that's why I put it in quote. For all I know it could have been a mid-rank idiot but to me he looked like the general. As my father tells tells the story, as power transitioned someone advised him to "evaporate". Since he had business in the US as well it wasn't that hard to pull-up anchor and legally emigrate for the last time. His businesses were usurped by whoever gained power and that was that. A lifetime of work gone "puff" virtually overnight. These are aspects of life people in the US are not tuned into. We have a very linear environment when compared to some of what is daily life in other parts of the world.
- pm90 10y agoRule of law is(was?) precipitously absent in most South American countries. Only recently have things started to change. But its stories like these that scare away investors really and cause way too much hardship for the nation as a whole, down the line. Something similar exists now in Russia and Venezuela, I imagine.
- tqkxzugoaupvwqr 10y agoI read an article about a European business man doing business with a Russian company with ties to the government. The business man’s company produced high technology in some field. At one point in the negotiations, the Russians asked for a substantial discount. One that means taking a loss for the business man. To help their demand, the Russians showed the business man a series of photos of his wife and daughter, taken the very same morning. The business man got the message and agreed to the deal. And after it was done, understandably ceased to do business with Russians.
- ishi 10y agoI've heard about an Israeli guy who started a mushroom-growing business in Russia. Something similar to this: https://www.youtube.com/watch?v=YcrCtVGEsZE https://www.youtube.com/watch?v=YcrCtVGEsZE At some point when it was starting to become successful, a gang of Russian criminals simply told him: "this is ours now", and that was that. Organized crime and corruption is a serious problem there.
- geodel 10y agoI think rule of law as it is understood is mostly applicable to first world. E.g. countries like India may not have military dictators and all but deep corruption is way of life. It is not for lacking of laws but because for most of the population it is morally justifiable to take bribes, not pay taxes, jump traffic lights and so on. Why is it morally ok? Because earth is a place of sin anyway and goal is to work towards going to heaven. This is done by performing religious duties. So 'rule of law' is either an inconvenience or irrelevant towards main goal of life.
- sooheon 10y agoBeing Korean I recognize the progeny of your name ;). Thanks for the nice anecdote, and I really enjoy your writing style. Do you have other writing/channels elsewhere?
- pcurve 10y agoWhat a great story. You should write a blog post. ;) Lee Chang Hee and Lee Meng Hee were the other two sons of the founder, but they had already been written off long before 1980s, and had no part in Samsung operations by then. So I'm not sure if either them of was your benefactor. Now I'm curious.
- equalarrow 10y agoOr a book. :)
- 55555 10y ago> These are power struggles by people who are all above the law but not necessarily above one another. This is an interesting thought. Thanks. Good post.