The critical view on surging Korean stock market centered around defense sector. It laments how Chaebols are enriching themselves in military buildup and North Koreans are dying in the field of Ukraine which the author views as unethical. So, he calls for ethical investment of pension funds while criticizing pension funds for investing heavily on “war industry”.
2. How is this related to the sub
(1) Military Industry Complex & Pension Investment: Is it ethical for pension funds to invest heavily on military buildup?
3. My opinion
I think pension funds should invest in Korean defense stocks as it is returning big profit while building up national defense.
Goldmule1 on
I have to assume the Ukrainians, whose very lives depend on the continued access to foreign armaments, would see this ethical argument very differently.
Frog_Totem on
Kind of a weirdly phrased headline.
>However, we need to think seriously about the complete disappearance of the concept of ethical investments. Isn’t investing in merchants of death ultimately rooting for an increase in the production of lethal weapons?
Oh wait the author is actually against providing weapons for Ukraine. Cringe.
GripenHater on
Author here is missing the point entirely. North Korea has modern combat experience now and is getting arms technology from China and Russia. Not only is it imperative that South Korea keeps arming Ukraine to weaken Russia (and accordingly the North) they may need to seriously consider sending troops over there in a small capacity themselves as advisors or supervisors or at least getting Ukrainians to help them rework their doctrine so that they don’t fall behind the North in a tactical sense.
4 Comments
1. Summary
The critical view on surging Korean stock market centered around defense sector. It laments how Chaebols are enriching themselves in military buildup and North Koreans are dying in the field of Ukraine which the author views as unethical. So, he calls for ethical investment of pension funds while criticizing pension funds for investing heavily on “war industry”.
2. How is this related to the sub
(1) Military Industry Complex & Pension Investment: Is it ethical for pension funds to invest heavily on military buildup?
3. My opinion
I think pension funds should invest in Korean defense stocks as it is returning big profit while building up national defense.
I have to assume the Ukrainians, whose very lives depend on the continued access to foreign armaments, would see this ethical argument very differently.
Kind of a weirdly phrased headline.
>However, we need to think seriously about the complete disappearance of the concept of ethical investments. Isn’t investing in merchants of death ultimately rooting for an increase in the production of lethal weapons?
Oh wait the author is actually against providing weapons for Ukraine. Cringe.
Author here is missing the point entirely. North Korea has modern combat experience now and is getting arms technology from China and Russia. Not only is it imperative that South Korea keeps arming Ukraine to weaken Russia (and accordingly the North) they may need to seriously consider sending troops over there in a small capacity themselves as advisors or supervisors or at least getting Ukrainians to help them rework their doctrine so that they don’t fall behind the North in a tactical sense.