Comment Off topic, but relevant to why they do this (Score 3, Informative) 49
Samsung is run by the most short sited, greedy people. Not surprising they abandoned NJ for an immediate benefit. I love their products, but they are literally destroying South Korea.
They created an internconnected network ownership system (company A owns 50% of company B that owns 50 of company A) that controls 15-23% of South Korean economy. They do so with a strong company-first culture, where the employees go out with their boss drinking on Friday night. At one point all night sessions were mandatory.
For some reason, people that go out drinking with their boss every Friday night never get married or have children. (Wow, who could figure that out....)
While South Korea does have mandatory child leave rules, no one USES them because if you do, you are seen as disloyal to the company and do not get promoted.
Their population is expected to be cut in half over the next 60 years. This will also mean that they will not have enough working young people to support the older generation, all within a decade.
Good news is that real estate prices should drop like a stone.
The main cause appears to be the idea of loyalty to the company and not to the family. Everyone puts their work first to the point that they do not have children.
(Note, the expense of raising a child does affect this trend as well, but the statistics show the problem is not married people refusing to have kids but instead people NOT getting married).
Samsung does make good products, but their culture is destroying their country.