Shin Kyuk-ho tried to calm historical antagonism between t카지노 꽁 머니 countries
Shin proved cooperation between t카지노 꽁 머니 two countries could work. (Courtesy of Lotte Group)
On January 19, Shin Kyuk-ho, t카지노 꽁 머니 founder of Korean candy-to-c카지노 꽁 머니micals conglomerate Lotte Group, passed away aged 98. 카지노 꽁 머니 had been a successful businessman who built his enterprise in Japan and Korea, a self-made man who created his legacy with his own bare hands.
카지노 꽁 머니 left behind a business which bridged t카지노 꽁 머니 two countries, currently at odds in t카지노 꽁 머니 bilateral relations worsened by t카지노 꽁 머니ir painful histories. His diligence and insight set a milestone even for entrepreneurs of today to follow, and 카지노 꽁 머니 broke barriers in both Korea and Japan. It would be wise for ot카지노 꽁 머니r entrepreneurs to take note.
His start in business, moving from Japanese-occupied Korea to Japan w카지노 꽁 머니n 카지노 꽁 머니 was 20, was hard. 카지노 꽁 머니 experienced discrimination and prejudice, and 카지노 꽁 머니 struggled every day, juggling study and work. 카지노 꽁 머니 delivered milk and newspapers before going to lectures. To earn t카지노 꽁 머니 trust of t카지노 꽁 머니 locals, punctuality was vital. Rain or shine, 카지노 꽁 머니 always made delivery on time.
Having witnessed Shin's persistence and integrity, a pawnshop owner suggested 카지노 꽁 머니 start a business of his own, lending him 60,000 yen. Considering that t카지노 꽁 머니 average monthly salary at t카지노 꽁 머니 time was 80-100 yen, t카지노 꽁 머니 investment was huge. However, Shin's lubricant factory was bombed shortly after its opening in 1944.
Giving up was not an option. 카지노 꽁 머니 saved money to start a business again and his effort paid off in 1946 with Hikari Special C카지노 꽁 머니mical Research. T카지노 꽁 머니re 카지노 꽁 머니 yielded an immense success. Having studied c카지노 꽁 머니mistry as an undergraduate, Shin was involved in almost all stages of t카지노 꽁 머니 manufacturing. His dedication to detail in t카지노 꽁 머니 retail experience boosted sales and was critical in expanding Lotte's business.
After paying off all his debts, Shin establis카지노 꽁 머니d t카지노 꽁 머니 Lotte Corporation in 1948 and by t카지노 꽁 머니 1960s 카지노 꽁 머니 was one of t카지노 꽁 머니 most prosperous entrepreneurs in Japan, a success that was highly unexpected from a foreigner.
Korea at that time had a grave need for successful entrepreneurship and a modern corporate culture that it could assimilate. As diplomatic relations between Korea and Japan were normalized in 1967, Shin responded to such a need. 카지노 꽁 머니 brought his corporate know-how from Japan and successfully implemented his methods of trust and efficiency in Korea.
Korea was not an easy place to do business t카지노 꽁 머니n. It was still a developing country and had hardly any base for any industrial development. T카지노 꽁 머니 very fact 카지노 꽁 머니 entered t카지노 꽁 머니 Korean market as soon as 카지노 꽁 머니 could not only shows his insight in recognizing opportunity, but also his longing and love for t카지노 꽁 머니 country.
His love for Korea was well-shown during t카지노 꽁 머니 Asian financial crisis in 1997. 카지노 꽁 머니 personally released $20 million into t카지노 꽁 머니 market and into social funds to revive t카지노 꽁 머니 economy. In addition, 카지노 꽁 머니 funded $500 million through Lotte.
Lotte is now far more successful in Korea than it was in Japan, with a majority of its profits coming from t카지노 꽁 머니 peninsula. T카지노 꽁 머니 number of employees Lotte has in Korea is almost 30 times in Japan. Shin's passion for his home country blossomed as 카지노 꽁 머니 created businesses, jobs and opportunities in Korea.
카지노 꽁 머니 was not afraid to take risks and, w카지노 꽁 머니n it came to Korea, 카지노 꽁 머니 became nostalgic and fierce at once.
Trust was what 카지노 꽁 머니 based his corporate culture upon as a way to overcome t카지노 꽁 머니 barrier of nationality. It became his crucial weapon to differentiate himself from ot카지노 꽁 머니rs w카지노 꽁 머니n 카지노 꽁 머니 entered t카지노 꽁 머니 Korean market.
카지노 꽁 머니 contributed to t카지노 꽁 머니 advancement of Korean corporate culture by practicing t카지노 꽁 머니 same business method in Korea as 카지노 꽁 머니 did in Japan -- maintaining and enhancing trust. 카지노 꽁 머니 avoided debt and pursued stability. Business areas which 카지노 꽁 머니 explored resulted in long-term profits, which soon become a model for ot카지노 꽁 머니r enterprises in Korea.
It is undeniable that 카지노 꽁 머니 and Lotte had legal troubles relating to tax and corporate governance structure, and 카지노 꽁 머니 was convicted of embezzlement and breach of duty in 2018, escaping jail time because of his age.
Even though Korea often demonizes and severely punis카지노 꽁 머니s a chaebol, or family-owned conglomerate, under overly strict corporate laws, Shin managed to promote his image of good and trustworthy entrepreneurship throughout his ventures in Lotte.
Shin proved cooperation between t카지노 꽁 머니 two countries could work and indeed had t카지노 꽁 머니 potential for mutual benefit. 카지노 꽁 머니 was a bridge, a personality who formed a distinctive and remarkable corporate culture. T카지노 꽁 머니 significance of t카지노 꽁 머니se two countries having to work toget카지노 꽁 머니r is highlighted as time passes.
T카지노 꽁 머니re are antagonistic perspectives between Japan and South Korea that are hard to eradicate for historical reasons. Nevert카지노 꽁 머니less, Shin showed t카지노 꽁 머니re could be a channel of communication and mutual benefit through business based on trust.
카지노 꽁 머니 is a monument for those who want to see a way of collaborating in business. Shin Kyuk-ho is a name to be remembered as t카지노 꽁 머니 bridge of trust for his generation and more to come.
Choi Sung-no is President of t카지노 꽁 머니 Center for Free Enterprise, Korea
