S. Korea suffering severe technological brain drain to China in batteries, semiconductors
Major areas of South Korea’s technology sector, including batteries and semiconductors, are experiencing a severe talent drain to China, a report shows. Industry observers are calling for government countermeasures to stanch the losses.
According to the report, China — the country where a large portion of South Korean resources are going — is courting talented South Koreans through tactics that border on “plundering.” Since launching its “Made in China 2025” industry advancement strategy in 2015, the Chinese government has been actively working to attract overseas talent, with companies wooing talented South Koreans with exceptional benefit packages.
The report named batteries, semiconductors, and aviation as areas where the brain drain has been particularly acute.ttp://www.hani.co.kr/arti/english_edition/e_international/919603.html
China is stockpiling U.S. computer chips, a sign that tech companies there are preparing for worsening trade relations that could lead to being cut off from American technology.
https://www.industryweek.com/technology-and-iiot/china-stockpiles-us-chips-silicon-curtain-descends
China is doing what the Japs couldn’t, create the “Greater East Asian Co-Prosperity Sphere”
Sorry for the error in the link it should be
S. Korea suffering severe technological brain drain to China in batteries, semiconductors
http://www.hani.co.kr/arti/english_edition/e_international/919603.html
One solution for South Korea might be to fix the tax system, the marginal tax is high.
https://home.kpmg/xx/en/home/insights/2011/12/korea-income-tax.html