Is Korean economy overshadowed by Chinese and Indian emerging economy?

 It’s been well aware of portfolio managers that rapid economic boosts of China and India are definitely one of the most attractive markets; however, we should note that other counterparts, like Malaysia, Singapore, Thailand and Korea etc, of these markets have been overlooked. If we take a close look at some of economic indicators of China and India, it is not strongly promising to investors that massive investment would yield stable ROI in next decade.

	China	India	Korea
GDP per capita	$7800	$3800	$25000
Unemployment	7.8%	4.2%	3.3%
Population below poverty line	25%	8%	2%

As shown in the table, Chinese and Indian poor GDP per capita, unemployment rate, and population below poverty line percentage, comparing to those of Korean, could bring them disadvantages to attract more investments than does Korea in the long-run.

                Warren Buffet, the world’s richest stock market investor, not only expressed his confidence in Korean equities but also invested $572 million owning 4% stake in Posco which is now worth over $2 billion. During his brief visit to Korea on Oct.25, 2007 he said “It’s a great company and great companies get worth more and more”

Encouraged by the more balanced industrial strength, a growing number of Korean consumers are putting their money in stocks instead of in real estate and bank deposits. The amount of money in equity mutual funds, or investment trust funds as they are known locally, reached $111 billion this month, up from $50 billion at the end of last year. “Short-term corrections and fluctuations are inevitable, but in the longer term better corporate profitability and improved liquidity will drive the Korean market upward,” says Chang.

by 20753001

God’s Business Plan for you

When I was first reading the book “Doing Business God’s way”, I could not understand clearly what the author wanted to tell people who would read it.  The author of this book, Craig R. Smith wanted to tell people that Bible does not only talk about salvation, but there are several verses that talk about money and business. It is why when there is nay reference related to true wealth, the Bible indicates gold, silver, or money.

 

God has promised his people to get wealthy, happiness, money; if they trust him and obey all his commandments. God has business plan that can be good model for today’s businessmen who want to be more successful in their business activities. When Jesus’ parents were looking for him and found him in temple, he told them that he should be in his father’s business first.

God had a clear business plan in order to accomplish his business successfully:

 

1. Selecting employees and train them.

Jesus chose his disciples, and showed them their goal to achieve. He gave them enough training before starting their job to make sure they understand what to do. Today’s business, employers must train their employees thoroughly so that they may understand the company’s culture and goal in order to achieve their goal.

 

1. God’s business was global

Jesus told his disciple to preach good news from Jerusalem to the end of the world. Yes, that is how today’s business is global because our world became too small. Whatever we plan and act, must be done not only thinking single location but by outsourcing our resources, and scattering all over the world.

 

1. Differentiation

Jesus told his disciples that their faith and righteousness do not exceed Pharisees and tax collectors’; they could not get the kingdom of God. In order to reach one place, or level, they needed to make difference between them and other people who were thought to be diligent to God.

In today’s business, we need differentiation to take competitive advantage.

 

There are many examples that show that God is our model for today’s business. The most of all, we must do our business activities by pleasing him and bring people to obey him.

 

When I was child, I did not think that God’s people could involve in business activities. I was an impression that businessmen are people who only pursue for money and do not have time for God. But I came to know that God wants us to please him wherever we are in whatever we do.  We need businessmen who fear god. As they spread their activities all over the world, the glory of God accompany them.

 

God’s business plan for you is not making money, but obeying him, being successful in your business and as you wish to expand your business, also expands his glory to people who have not known him yet.

By Samuel

Is Business in itself Evil?

I have always wondered if a trader could please God through what he does for living. Can somebody make a living out of other people’s pocket and, at the same time, worship the Lord through that?

I remember reading a statement made by an early church father, Saint Augustine, “Business is in itself evil.” Would you agree with this? I doubt it. Most of us might disagree without any hesitation. But we all need to admit that there are certain things we need to consider as we live out our Christian faith at our workplace and in the business world, such as our priority (what to put first), morality (what is right and what is wrong to do) and method (how to do things) etc.

For those characteristics are not easily shaped, I thought, it should be our best interest to start working on them now. It will surely be difficult if we try to make it after we are at the position. Therefore, my suggestion for all of us is to get prepared for the real life while competition is not that aggressive.

I found it really helpful when Professor Anthony Beckham (if you still remember him) made us write an integration paper of faith and the course material (marketing). It made me think of the reality of the nature of business as well as the ways to arm myself in order not to lose grip when I am there. It is my hope that you will also start thinking about it now.

With blessings,

Entry 1. 20601002

Money

Money

In any society, money is the commodity or token that serves as a medium of exchange.

That is, Money is a commodity or token that everyone will accept in exchange for the things they have to sell. Different societies may have different monies. Some historical examples are:

• Gold coins (in medieval Europe)
• Cowrie shells (in West Africa)
• Paper(billet)

TYPES OF MONEY

The major historical types of money are :

• Commodity moneys
  • metallic coin
  • other commodities
• Fiat money
• Fiduciary money
  • bank notes
  • checking accounts

Abel 20700795

20600794 – Entry – 1. How to make money using the internet?!

We all know that the Internet is the BIG THING concerning almost all aspects our lives these days. People communicate, run business, get entertained and some even get married. So it’s a whole new world that’s still unpredictable, unknown which basically means there are lots of opportunities. Since our concern is business, let’s learn about what are the possibilities to make MONEY using the internet. Obviously you can find tons of articles about this which are much better than mine. But that’s not important just read through and I hope you will learn something.

First of all, I am hoping that you have at least the slightest idea that how the internet works and some basics of HTML. Even you don’t know, these are easy stuffs to learn. You can actually check www.w3schools.com to learn them. This site’s very user-friendly and easy to use! Or let’s assume that you know all those things that I’ve mentioned. Then we’re ready to explore, I will just list the ideas with explanations, so it would be easy for you to follow and learn.

1. Blog – Blog is the easiest…easy might not be the word but the most convenient way to make money over the internet. You don’t need any special technical knowledge. Just find what people want to read and write it. Here is the list of free blog website that you can start your own blog. If you have thousands of people reading your blog there are several ways to make money,

a. Google AdSense – Google AdSense is a small piece of text field that will be placed on your website which contains several links to other websites. But not just some random websites but websites that relates to your current blog content. This makes people to click on those links and each click will make money for you. Learn more about Google AdSense…? —> ~Click Here~-<—

b. Banner Ads – This is the most common and classic way of making money online. If you have enough readers on your blog people will ask you to put their banners on your website. Banner prices vary depending on size, location etc. If you want to learn more about banners check what Wikipedia says about banners here!. For your information one of biggest online advertisers www.DoubleClick.com has just acquired by the Internet giant-idol Google just 2 days ago.

2. Your personal website – If you have enough visitors to your website you can apply both Google AdSense and Banner Ads as Blog. But for website, you have to constantly maintain it, redecorate it, pay for web hosting and domain names etc.

To be continued…

by 20600794