Wednesday, September 6, 2017

Corruption

I and many evaluated Samsung when it had the problem. At that time I believe it was an opportunity to buy. I did not act due to the government corruption. You can buy Korean ETF and from my memory Samsung has about 25% in the ETF.

In Asia and so far, all democratic countries are/were corrupt with Japan and Singapore as exceptions of Japan. It could be due to better educated citizens and matured systems.

Philippines was corrupt during many presidents. The former democratic Vietnam was corrupt and we're fighting for the wrong guy. Taiwan too with the brother-in-law (T.V. Sung) of Chiang. Hong Kong was corrupt too until the British colonial master took action. The HK police asked for protection money openly and the money was shared all the way to the police head.

We have our own share of corruption but not that openly and to less extent.

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