Enternships Blog
The need for entrepreneurship in South KoreaPosted on Sunday 30 January 2011 at 15:57PM by SangJin |
This week's guest blogger is SangJin. SangJin is an international student currently studying Biochemistry at Imperial College London.
Half of South Korea’s export revenue comes from semiconductors, which is in high demand as a component for electrical equipments. Samsung dominates the semiconductor market, but for how will they be able to control the market share? For how long will semiconductors be in demand? What would happen if semiconductors were no longer in demand?
Considering the size of Korea’s export revenue, specializing in semiconductors has its risks. In a world where we cannot even predict what will happen tomorrow, the risk adds on. Korea is already at the top of the league for electronics, cars, construction and ship building and these four industries have contributed enormously to Korea’s economy. The Korean government is only interested in supporting existing oligopolies instead of supporting small middle sized companies. I ask which industries will be able to lead Korea in next 50 years and next 100 years. Will it be construction, electronics, ship building or cars? I do not think so.
Korea desperately needs second, third and fourth generation of entrepreneurs to develop new products that can compete in the global market or I see no future in Korea. Right now I see no future. And I propose some changes in Korea.
For growth of entrepreneurship:
- Society needs an environment in which failure can be supported and accepted. It is unreasonable to ask for success in short period of time or from a single try. Productions of Drugs, for example, take 15 years to develop and many of them often are denied by the FDA, but development of one single drug could change the whole market.
- Entrepreneurship naturally needs money to start the business or for organic growth. This requires a system in which there are angel investors or government loans at an interest rate lower than usual. In other words, lots of capital.
- High concentration of high caliber students in one place is needed for discussion of plausible ideas and to create powerful synergy in which students abilities are used most efficiently. This would also imply that the students would not matriculate in college for medicine and law because these two careers are more stable and financially rewarding.
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Hot Enternships of the WeekPosted on Friday 28 January 2011 at 12:52PM by rajeebdey |
Did you miss our Monday newsletter? Don't fear we have the Hot Enternships of the Week available for you to see right here. Remember we have over 180 live roles today so don't miss out.
Once you sign up with Enternships you will be added to our mailing list and will receive our weekly newsletter so sign up today!
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Hot Enternships of the WeekPosted on Thursday 20 January 2011 at 11:53AM by rajeebdey |
For those of you who don't receive our weekly newsletter (out each Monday) we have decided to publish the link to our Hot Enternships of the Week on our blog too! You can check it out here. Don't forget that these are just some of the highlights; there are over 150 live roles right now.
Another very cool opportunity closing soon:
GOVERNMENT (Mumbai): Think London - London's official Foreign Direct Investment agency is looking for an intern for its Mumbai office
You can follow the latest developments at Enternships HQ on Twitter and by joining our Facebook Fan Page.
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Youth Unemployment on the rise (again): 20.3%Posted on Wednesday 19 January 2011 at 15:28PM by rajeebdey |
Figures out by the Office for National Statistics today revealed a bleak picture. The number of 16-24 year olds out of work has risen by 32,000 in the quarter to November. Read the full Telegraph story here.
You can read my views on the unemployment situation and attitudes towards entrepreneurship in my guest article in today's Telegraph
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Guest Bloggers Wanted!Posted on Sunday 16 January 2011 at 20:37PM by rajeebdey |
Are you passionate about entrepreneurship, startups, recruitment, university life? Do you have an 'enternships experience' to share or something interesting to get off your chest? If so we'd love to hear from you!
We're looking for more students, graduates and companies to contribute to our blog. If you're interested do send us an email: press (at) enternships.com with a short description of yourself and what you'd be interested in writing about.
We look forward to hearing from you!
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