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> I also agree that the Chinese made products may challenge this current status, but Chinese products have very serious quality issues that may turn a purchase

> I also agree that the Chinese made products may challenge this current status, but Chinese products have very serious quality issues that may turn a purchase into a one-time thing instead of a repeated customer. Samsung is synonymous now with quality products. People said this about the US when the UK was centre of the industrial world, about Japan when the US was dominant, Korea when Japan was dominant. Looking just at the current state without that history I would agree with you. The Won peg was just my assumption looking at the price exchange rate chart on Yahoo but maybe it was just a lack of precision, xe.com[0] seems much more accurate and shows a more normal looking graph. [0] http://www.xe.com/currencycharts/?from=USD&to=KRW http://www.xe.com/currencycharts/?from=USD&to=KRW

dageshi 12y ago
In terms of China becoming the next big "competition" you may well be right. The one thing I would say is that China has such a large and growing internal market that many Chinese manufacturers may see it as being far easier to concentrate on the domestic market which they understand than an international market which they don't. Given that, it might take a lot longer for those Chinese brands to attempt to crack the international markets than you might think.
- bane 12y ago
  Yeah, I agree with this as well. I think cars are a useful thing to look at. The Korean market went international relatively quickly once they started making cars because the domestic market is relatively small (even with lots of trade protectionism keeping foreign competitors out). The Chinese market is robust, but pretty much entirely internal at the moment. Still, the Chinese market has shown that there's lots of talent out there able to build all kinds of things. We'll see how long it takes for the domestic markets to mature enough to put pressure on manufacturers to go global. Overcoming the public perception of decades (generations even) of exporting essentially crap products will take a while.

dageshi 12y ago

In terms of China becoming the next big "competition" you may well be right. The one thing I would say is that China has such a large and growing internal market that many Chinese manufacturers may see it as being far easier to concentrate on the domestic market which they understand than an international market which they don't. Given that, it might take a lot longer for those Chinese brands to attempt to crack the international markets than you might think.

bane 12y ago
Yeah, I agree with this as well. I think cars are a useful thing to look at. The Korean market went international relatively quickly once they started making cars because the domestic market is relatively small (even with lots of trade protectionism keeping foreign competitors out). The Chinese market is robust, but pretty much entirely internal at the moment. Still, the Chinese market has shown that there's lots of talent out there able to build all kinds of things. We'll see how long it takes for the domestic markets to mature enough to put pressure on manufacturers to go global. Overcoming the public perception of decades (generations even) of exporting essentially crap products will take a while.