At Samsung electronics R&D Campus in Seoul, currently 5,000 employees are working at the place in which around 7,000 workers can be accommodated. According to a person concerned, "It can be explained by the fact that many R&D labors moved to several places, but in essential departments many of them had to leave their place." Samsung earned approximately $200 billion in total sales this year and its operating profits are $20 billion. However, mass dismissal is taking place right now. Then it would not be difficult to imagine what is going on at other companies.
A lot of people who experienced the period of IMF financial aid claim that compared to that time of 1997, making a living is much more difficult. At one of 5 major Korea's companies, an executive who just got promoted last year was informed that he needs to leave. At Doosan group, even people under twenty are recommended to leave their place, and it means they are indirectly fired.
This kind of situation is least likely to bounce back sooner or later. As time goes on, it will get worse. That's why I no longer feel envious of acquaintances or friends who get accepted to high-paying companies. 9 out of 10 are going to leave the company in 10 years. If they have family members to provide for, it is going to be excruciating.
What should I do in this situation for the present and for the future? I am going to study further to get more specialist knowledges on my field, Material Engineering, and I would like to study for Green Energy Technology, such as Battery and Adsorbents. Are these things going to be conducive to my life until I die at around 100? I am not really sure. I might need more things under my belt to be competitive among other counterparts. What matters in the future is the ability of creating something new instead of just using accumulated knowledge. To do that, I should keep struggling to hone my critical thinking skills. And promising fields for future are Bio-Technolgy and Aero-Technology, but not sure what to do to become a competent person for those fields. Let's keep studying and thinking, and then I might be able to find a solution.