Thursday, November 6, 2008

Citizens lose faith in Korea President

http://www.nytimes.com/2008/10/31/world/asia/31seoul.html?_r=1&scp=27&sq=business&st=cse&oref=slogin
Many South Koreans have taken to blaming LeeMan Brothers for their nation’s economic woes.

No, they do not mean the failed American investment bank Lehman Brothers. Rather, they are making a play on the names of South Korea’s president, Lee
Myung-bak
, and his finance minister, Kang Man-soo, whom many here criticize
as handling the recent market turmoil inconsistently.

In Chapter 15, we learned a lot about a managers influence, power, and leadership. South Korea's president still has power, due to his position. But he is lacking in influence within his citizens. He has made constant promises to his country, but nothing to show for it. South Koreans are losing faith by all his broken promises.

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