How did Korea get ahead of Japan in terms of technology since 1997?

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Nov 2014
382
ph
#1
Now if you remember back during the late 90s and early 2000s, Korean electronics were basically low quality junk, so how did they get from a position like that, to leapfrogging the likes of Sony, Panasonic, and Sharp? How did the Koreans get ahead of the Japanese in consumer electronics? To the extent that companies like Sony source their OLED displays from LG, which is nothing sort of humiliating, considering the two countries' history. I do not think that culture is the sufficient reason here, since both countries' culture is Confucian in nature, and Korea's management culture is even more insular and top down than Japan's consensus driven management culture, which should in theory, make Japanese companies more innovative than Korean companies like Samsung and LG, since Japanese companies can consult from a wider variety of divergent views, compared to the authoritarian management culture in Korean chaebols.
 
Likes: Futurist
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