Mr. K

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miércoles, mayo 04, 2005

If I could meet the President

This essay gives me a fresh opportunity to look into my country and to view the future of it. Now I realize that one of the reasons which leads me apply for an MBA program stems from some social problems which are threatening the economy of my country. I hope to share this with the president of my country and to find solutions together.

My country, the Republic of Korea, limited by its political and geographical situation, is now facing some difficulties in developing its economy. Despites its small territory and unstable national security, Korea has developed its economy remarkably quickly. However, its economic growth ratio has been lowered recently and its per-capita GDP index shows that it is still located in the lower level among the OECD members. I think that the slowdown in its economy is caused by inappropriate policies. Hopefully, I want to share my ideas and experiences with the president about biased economy policies and their results.

Through my experience, I found that business in Korea has been biased toward some countries such as the United States, China, and Japan. Approximately sixty percent of Korea’s trading is concentrated on those three countries. This high dependency on three countries has threatened and limited the Korea economy. Moreover, this phenomenon has made it more difficult to do business with other countries. To do business with some countries, knowing their culture of business and society is important and learning their languages is the first step to know their cultures. However, this phenomenon has distorted the foreign language education system in Korea.

For instance, in Korea, there are only a couple of language programs for Spanish, French and German while there are thousands of language programs for English, Chinese and Japanese. Thus, Korea has begun to lose its chance to increase trading with countries in Europe, South America, and Africa, although Korea needs to reduce its trading dependency and to vary its international markets for the stability and growth of its economy. I am afraid that Korea will remain as a small economy sector of the United States, Japan or China.

In order to show the importance of independence, I hope to tell the president what I experienced. When I was a lieutenant in the Korean Air Force, my government decided to import F-15 fighters from the United States even though Euro Fighter, Sukhoi or Rafale were acknowledged as better fighters. The high dependency of Korea Air Force operation system, caused by importing fighters only from the United States for a long time, deprived my government of other choices.

If the opportunity to meet the president were given, I would tell the president that Korea is in need of diversifying its partners with various countries to overcome limits and difficulties as it has done. Therefore, through the MBA from your Business School, I’d like to find better solutions for the Korean economy which I could suggest to the president of my country.


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