The bruising Apple-Samsung fight raises major intellectual property rights (IPR) issues that South Korea and Asian economies generally are ill-prepared for. Unless the concerns raised by the Samsung-Apple dispute are resolved, Korea should expect regular trade friction with major partners and frequent accusations of copying and cheating. As wealthy countries like Korea move away from manufacturing and further into services and information, the need for innovative Korean firms will only grow. Neither Korea’s corporate structure –  dominated by mega-oligopolies with strong disincentives to innovate –  nor education system – overwhelmed by rote learning and plagiarism – position Korea well for the future.

Read Here – The Diplomat