Did South Korea Conquer Taiwan When Gong Cha Korea Got 70% Shares Ownership?

Last time, I wrote about Jollibee purchasing 70% shares ownership of Compose Coffee. It's easy to shout, "Pinoy Pride! The Philippines has conquered South Korea." I mentioned in that same article about one of my favorite tea franchises--Gong Cha. Gong Cha Korea currently owns 70% of the shares while Gong Cha Global owns only 30%. The big question is did South Korea just "conquer" Taiwan in what it did?

Pinoy Pride Economics (read about its socio-economic costs here) might say yes to that. They might use Gong Cha as an example saying, "Are you crazy? Look at what happened to Taiwan! South Korea just checkmated it as Gong Cha Korea now owns 70%!" A good question to ask is, "If that's so why does Taiwan still remain a sovereign state and not bought by South Korea?"

Pinoy Pride Economics would rejoice with Jollibee growing worldwide but not in MNCs investing in the Philippines. Did they really think the Philippines checkmated South Korea with Jollibee's (and take note that Jollibee's owner is a Chinese Filipino) transaction with Compose Coffee? Take note that Jollibee is now an MNC--proof that Filipinos can withstand FDIs in their country. Jollibee didn't grow through protectionism but by facing competitors like Wendy's and McDonald's.

Company share ownership is different from foreigners owning the country. Foreigners aren't buying the country. Instead, share ownership focuses on the shares of stock and nothing more, nothing less. I could go ahead and own more than 40% shares while I invest in another country. However, that's where the ownership ends. Even if I own 100% of my shares in another country--I'm still bound by that country's rules. It would always be better if foreigners could own up to 100% of their company shares--that is not requiring them to find a partner. Nobody in their right mind would rent a space and only own 40% of their business in that branch (read here).

Gong Cha has outlets around the world now--with Gong Cha Korea having 70% of the shares. If South Korea didn't conquer Taiwan by owning 70% of the shares--did it even conquer the United Kingdom where Gong Cha Global has its London headquarters? The answer is the United Kingdom still remains a sovereign state. Gong Cha isn't conquering countries for South Korea by opening branches around the world. Jollibee isn't conquering countries for the Philippines either.

The idea that FDIs are automatically bad is a third-world mentality. FDIs don't always work and they can also fail where they invest. Gong Cha has a hard time performing in South Korea. However, it's doing well outside South Korea. It's all about knowing the target market before selling anything. It's not a game of conquest but a game of cash. In the game of cash, knowing your target market is essential to profitability.

Comments

COMMUNIST Vietnam Has Defeated DEMOCRATIC Philippines Again This 2025

Cổng thông tin Trung ương Đoàn TNCS Hồ Chí Minh A few days ago, I wrote about warning Filipinos that they shouldn't wait for more unmitigated typhoon disasters, before realizing that the Filipino First Policy isn't working ! There's a statement that says, "Just because being tanga (inattentive) is libre (free), doesn't mean you should be tanga!" Analyzing the different policies: why policies matter I found a Business World article on my Facebook news feed discussing the Vietnamese economy . In fact, it would be better to share some hard truths that the article offers about what really went wrong with the democratic Philippines compared to Communist Vietnam : DIVERGENT ECONOMIC MODELS Vietnam pursued an export-oriented manufacturing strategy which has proven significantly more successful over the past half century than the Philippines’ service-heavy, remittances-dependent model . Export performance alone tells a compelling story. Vietnam’s exports amount ...

Kabataan Partylist SERIOUSLY Needs to Learn BASIC Business from the Ho Chi Minh Communist Youth Union

Foreign Trade University A few days ago, I wrote about Kabataan Partylist needing to learn economics from the Ho Chi Minh Communist Youth Union . Otherwise, I'll continue using the Vietnam Youth Union for convenience. Speaking of which, the Foreign Trade University in Vietnam is actually a government-owned university (read here ). For this post, I decided to expand on a point, saying that Kabataan Partylist needs to learn from the Vietnam Youth Union on entrepreneurship . I pretty get jealous of the Vietnam Youth Union members with their practical early immersion. The National Defence Journal of Vietnam gives out this important detail of the Vietnam Youth Union: Fifth, enhancing the support of young intellectuals to get access to opportunities of work, research, develop ideas, products, and start-up to legitimately enrich themselves, the community and the country. Support the implementation of startup ideas and projects of young intellectuals in practice, making...

Ironically, COMMUNIST Vietnam Continues Improving FDI Conditions, Compared to DEMOCRATIC Philippines

Vietnam National University It's crazy how people don't realize the bigger picture between Communist Vietnam and the democratic Philippines (read here ). It's really crazy how Senator Joseph Victor Gomez Ejercito apparently thinks that delayed proceedings to Vice President Sara Duterte-Carpio's impeachment trial could scare away FDIs. Meanwhile, Atty. Renee Louise Co of Kabataan Partylist could talk about economics, all the while Kabataan Partylist is still against open FDI. It's amazing how Raoul Abellar Manuel, a cumlaude in applied mathematics, still believes in #SahodItaasPresyoIbaba economics! Meanwhile, the biggest picture is that Communist Vietnam , while it's under a One-Party State of the Communist Party of Vietnam, is has the better picture of how to invite FDIs. In fact, the Constitution of Vietnam is rather silent on economic restrictions . The CPV chooses to impose economic restrictions through legislation rather than enshrining them in its Constit...

Using Controversial Bamban Mayor Alice Leal Guo as a Reason to Say #NoToEconChaCha is Logically Fallacious

I can't be sure if Alice Leal Guo (if that's ever her real name) is either a spy for the Chinese Communist Party (CCP) or a criminal hiding from Chinese justice. As much as I'm now wary of the Philippines doing business with the CCP-- I believe that the POGO operations are actually run by Chinese criminals hiding from the CCP. The CCP isn't just notorious for its brutal policies on its citizens but also for crime . Do drug dealing in China and you may face the same fate as the three Filipino drug mules last 2011 . In my own speculation , Alice is actually an illegal migrant hiding from the long arms of the CCP. Either way, she's getting very suspicious. My stand will always be if a Filipino does wrong abroad--the law of that country will deal with that Filipino. The same applies to any foreigner who breaks the law in the Philippines--the Philippine law will deal with that foreigner. However, it's no surprise some people take advantage of the Alice Leal Guo issu...

Teaching About Jobs and Profession in Mandarin Chinese

For Chinese language courses, one of the best ways to teach basic HSK-1-3 Chinese is by introducing jobs and professions in Standard Chinese (華語). One may remember the Sesame Street song,"Who are the people in your neighborhood" song. The exercises should be done with vocabulary (matching up the Chinese to English), followed by sample conversations (question and answer). For example: Question:"接待員的工作內容是什麼?"(Jiēdài yuán de gōngzuò nèiróng shì shénme?) Translation: "What is the job of a receptionist?" Answer:"前台接待員的工作是預訂房間和查詢空房狀況."(Qiántái jiēdài yuán de gōngzuò shì yùdìng fángjiān hé cháxún kōngfáng zhuàngkuàng.) Translation: "The job of the receptionist is to make reservations and check for availability." My sample conversation is probably too long, and may fit the HSK-3 level instead. However, one may look for shorter answers then give longer answers progressively.

How Many MORE Unmitigated Typhoon Disasters Before Filipinos Realize That the Filipino First Policy is FAILING Them?!

GMA Network I remember surviving through Typhoon Odette last 2022. Tino happened on November 6, 2025, which also reminds me that Yolanda's anniversary came two days later . Yolanda was even worse than Odette! Thankfully, Cebu City's impact wasn't as bad, and power didn't take too long to return, unlike Yolanda. However, seeing news reports such as an investigation done against Slater Young's project in Monterazzas de Cebu should highlight a bigger problem. Looking at the photos of floods on Facebook makes me think, "How many more unmitigated typhoon disasters until Filipinos realize that the Filipino First Policy is failing them and that the 1987 Constitution of the Philippines badly needs updates?" For die-hard defenders like Atty. Hilario G. Davide Jr. (who will turn 90 this December 20) or Atty. Christian Monsod (who's 89 this year), they're prone to saying that it's just a matter of implementation . However, whether we want to admit it...

"I Couldn't Remember Why Vietnam Exceeded the Philippines Last COVID-19!" Might Be the "Best Answer" Ever

24h.com I wasn't planning on blogging today. However, I saw from my Facebook feeds, I found something in interesting on the ANC 24/7 Facebook page. This was what I found: I read the full story on the ABS-CBN website. One reason why I'm critical of ABS-CBN is how they're very anti-reform. They tend to treat the 1987 Constitution of the Philippines as if it's so holy and pure, as if not one provision of it must be amended! Oftentimes, Atty. Hilario G. Davide Jr. and/or Atty. Christian Monsod, are frequently featured when it comes to the welfare of the Philippines. Now, I'd like to share an excerpt from the ABS-CBN website, which makes me cringe. Balisacan replied that the pandemic caused a bigger contraction in the Philippine economy compared to Vietnam . “First, Vietnam over the last decade has been growing faster than the Philippines. Second, during the 2020 pandemic, our economy contracted by almost 10 percent. Whereas Vietnam contracted only a little. That pa...

Alice Guo's Conviction Should NEVER be a Call to Shut Down Constitutional Reform

The Alice Guo saga seems to have come to an end, right? That's, unless of course something happens and she escapes again. This always made me laugh when I realized that, as I was writing my articles, I came across a Vietnamese girl named Ha Thi Thu Trang, aka Ha Trang, who resembles Alice. Right now, Ha Trang could come to the Philippines for a vacation and not get mistaken for the same person. Back on the topic, I would like to point out that I actually wrote a post on whether or not using Alice's controversy should be a call to shut down constitutional reform . Alice's now in jail, what's next?! I would like to let people know in advance, I'm not here to demolish Senator Maria Theresa "Risa" Baraquel-Hontiveros' efforts in getting Alice arrested. In fact, I feel grateful (in part) that Risa managed to expose Alice's lies, along with Senator Sherwin "Win" Ting Gatchalian in exposing Alice's dubious records. However, I'm going to...

Filipino First Policy Also Responsible That ONLY 2/10 Pinoys Have Emergency Funds

Yes, it's been a day since Typhoon Tino. It was a stormy, scary time, and I thought about how expenses were piling up after I was hit by Typhoon Odette . Thankfully, I had contingency savings at that time. However, with Uswan moving upwards and entering another area of the Philippine Area of Responsibility, I considered the issue of emergency savings. I thought about how Christmas can be the most stressful time of the year, with issues such as traffic caused by last-minute Christmas shopping . This time, I thought about some not-so-surprising statistics on Filipinos. It turns out that only 2/10 Filipinos have enough emergency savings . This should be considered disturbing, and this is another thing I failed to consider in my younger, more foolish years, according to the Philippine Star : Commissioned by insurance firm EastWest Ageas, the PURPLE Report conducted by consumer intelligence company NielsenIQ showed that most Filipinos only have P50,000 in emerg...

The Filipino First Policy May Actually be Encouraging Dummy Investors Instead (Even with the Anti-Dummy Law)

I wrote a post where I discussed whether or not Alice Guo (and I heard her real name is supposedly Guo Hua Ping) should be a reason to say "No to economic charter change." A certain idiot I've dubbed Porky Madugo even wrote this on his Facebook account: Back on topic, I would like to emphasize that the Filipino First Policy may actually be encouraging dummy investors instead of discouraging them. Some people may use Alice to say, "See, I told you so, you (insert demeaning name)! If Alice can enter so easily, what about we allow 100% FDI and China buy us all!" That's the logic of that certain Porky Madugo, whose name and picture I blocked, despite my immense dislike for his stupidity. If Alice has been faking it by lying she's a Filipino citizen (and sadly, this incident has been used to justify hatred against Chinese Filipinos), then the real root cause is this. The Filipino First Policy makes it too difficult for foreigners to do business in the Phili...

Business & Economics Perspective Blogger

Search This Blog