The way of home life – Ethics
There are instances
that illustrate the mutual benefits of teaching and learning between master and
student where both become persons of exemplary virtue. There is the example of
Venerable Daozhen , who steadfastly followed the orders of his disciple who served as abbot. He poured tea and
prepared fruit for guests, enjoying the bitter as if it were sweet. If we could
learn from the spirit of Daozhen and his willingness to reverse roles, we might
be able to eliminate many of today’s problems associated with generational
because of the coming together of causes and conditions. The accumulation of
causes and conditions leads to existence, and with the extinguishing of causes
and condition, things pass away. Even if relationship is as close as that of
parents and children, when the conditions end, separation is inevitable.
Therefore people should always cherish their time together and help each other.
“When one’s compassionate mother is at home, it is as if one posses wealth.;
and when she is away, it is as if one is impoverished. When the compassionate mother
is alive, it is like sunrise and when she passes away, it is like sunset”. The
most blessed circumstance in this world is while one’s parents are both alive.
Therefore, children should always care for their parents while they are still
forBuddhist Scriptures in Multiple Languages
Michael J. Meagher, Managing Director of East Asia Law and
Government Strategies draws on his 20 years of experience in China and
shares his advice for foreign companies who want a better understanding
of how to navigate China’s legal and business environment.
This China business podcast was brought to you by The China Business Show and wsRadio.com.
Michael J. Meagher is the Managing
Director of East Asia Law and Government Strategies and a licensed
lawyer. Mr. Meagher has over 20 years experience representing clients
domestically as well as overseas in the areas of financing, merger
& acquisition, development, redevelopment, and operation of a wide
range of businesses and facilities, including factories, power plants,
telecommunications infrastructure facilities, software development,
consulting operations, financial services and investment as well as
real estate development and remediation.
Mr. Meagher has
significant experience representing Chinese clients in their overseas
operations on legal as well as business strategy issues, including
acquisitions, joint ventures, reverse mergers, IPO’s, venture capital
fund creation and investment, as well as structuring investment from
overseas investors. Mr. Meagher also has experience advising Chinese
clients on market entrance strategies and U.S. governmental relations.
He is fluent in Mandarin and Spanish.
Mr. Meagher’s projects
include the formation of venture capital funds, portfolio investment,
international project development investment, reverse mergers, IPO’s,
real estate, and other forms of direct and indirect foreign investment.
Mr. Meagher works with companies to establish, monitor and enforce
their intellectual property rights in China, the U.S. and other
countries. Mr. Meagher is also experienced with the requirements of
Chinese law as it relates to overseas investment, repatriation of
profits and investments, tax policy and environmental regulation.
Following the devastation of the 1950-53 Korean War, Korea was one
of the world’s poorest countries, with a gross domestic product (GDP)
of less than USD 100 per year and an agrarian-based economy. In fifty
years, the country has transformed itself into a dynamic and advanced
economy, now the world’s 13th largest. Today, Korea boasts a GDP of more than USD 20,000 per capita, an educated population, and a large middle class.
There are a number of reasons that explain this rapid economic
growth. Key among these is economy’s reliance on strong government
intervention favouring certain industries in the years following the
Korean War. Although initial economic and export growth was fuelled by
sectors such as garments and shoe manufacturing, by the 1970s heavy
industries such as steel, shipbuilding and automotive production had
become key drivers of the Korean economy. These sectors remain key to
the export-dependant economy today, along with information technology
(including semiconductors, consumer electronics, and technology
development), which rose in prominence during the 1990s. As with other
developed economies, the service sector continues to increase in
Further, heavy government intervention in the economy during the
second half of the 20th century favoured not only specific industries,
but also specific companies. This explains the prevalence of the
chaebol – or conglomerates – in the Korean economy. These firms –
including giants such as Hyundai, Samsung and LG – are involved in many
different business areas, and continue to have a significant impact on
the country’s economy.
While these sectors and conglomerates continue to form the backbone
of the Korean economy, Korea presents opportunities for Canadian
companies of all kinds. Agriculture and agri-food, fisheries, education
and mining and minerals are some of the other areas that have been
particularly advantageous to Korean firms. That said, the large and
varied needs of the country’s economy – combined with a large consumer
class - present opportunities for many types of firms.
Given the importance of international trade to the country’s
economic well-being, Korea continues to look forward, and has pursued
an active free-trade agenda in recent years, concluding negotiations
with more than 15 different partners. Free-trade negotiations between Canada and Korea are on-going.
The Canadian Trade Commissioner Service at the Embassy of Canada in
Seoul is here to help your company realise its full international
market potential. We provide our Canadian clients with the following
The Trade Commissioner Service’s network of Regional Offices in Canada helps firms that are new to exporting to Prepare for International Markets. Such firms should contact the regional office responsible for their Canadian province or territory.
For more information or to request one of our services, please contact a member of our team. Clients requiring services such logistical or business support or in-depth technical or legal advice should contact a qualified third-party service provider.
There are a number of different market-entry strategies
that can be used to achieve success for your company in the Korean
market. The right strategy will depend on a number of different
factors, including your products, target customers and capacity to
Canadian firms that choose to establish their own operations in the
Korean market should keep in mind various guidelines related to in-market office establishment. Information for Canadian citizens interested in establishing a new business in Korea – without existing Canadian operations – is also available.
No matter which type of market-entry strategy is chosen, an
individual visit to meet potential agents, partners or customers can be
extremely helpful for companies new to the Korean market. The visit
will enable you to meet, assess and select potential agents, gain a
better understanding of the market, and demonstrate your firm’s
commitment to your Korean contacts. The development of personal
relationships can be key to your business success in Korea; visits to
the market help to establish and maintain these relationships.
Developing an understanding of Korean culture and its influence on
business practices is essential to your firm’s success in Korea. While
polite Canadian manners will almost always be recognised as courteous
behaviour, efforts to learn about Korean customs and language will be
well received, and will assist you in building stronger business
relationships. As in other Asian markets, these relationships often
underpin business success. Learning more about Korean business etiquette will prove useful when preparing to enter this market.
As traffic can be heavy in Korean metropolitan areas, particularly
in Seoul, business travellers should attempt to stay in the same
general area as the bulk of their appointments, and ensure that they
schedule enough time between business meetings. A list of hotels is also available.
Canadian business travellers should also avoid visits to Korea
during major holidays, particularly when planning to meet with new
customers, suppliers or partners, as meetings can be difficult to
schedule and transportation arrangements can be particularly difficult
to confirm during these periods.
The following is a list of Korean holidays, which should be
consulted prior to scheduling travel to this market. Note that some of
these holidays are based on the Lunar Calendar, and thus dates change
from year-to-year. Communication with Korean customers and partners can
be expected to take longer during these holiday periods.
New Year’s Day
Lunar New Year (3 days)
Late January-Early February
Independence Movement Day
Late April-Early May
Chuseok (Korean Thanksgiving)
Late September-Early October
National Foundation Day
The Embassy of Canada in Seoul maintains its own list of office closures,
which includes some Korean and some Canadian holidays. Note that the
Embassy of Canada will remain open during some Korean holidays, while
Korean offices will remain open during some Canadian holidays.
For any other advice or assistance on doing business in Korea, do not hesitate to contact a member of our team.For
Economic Teachings of the
Buddha - By Bhikkhu Bodhi
Certain modern schools of thought like Marxism regard the
economic domain as the primary determinant of social existence and dismiss everything else
as mere superstructure, a secondary overlay resting on the material substratum.
Contrary to this view, the Buddha recognizes that there are
many interdependent spheres of human activity. These cannot be subjected to any simplistic
reduction, but must be seen as interrelated and mutually efficacious. The Buddha took note
of the importance of economics in human life and he held that for people to be capable of
personal and spiritual progress, the economic foundation has to be secure.
In many sutta’s the Buddha has pointed out that
poverty can lead to the decline of moral values - to stealing, lying, murder, etc., and
eventually to complete social chaos. He teaches not only that economics largely determines
man’s moral condition, but also that the government has a responsibility to correct
any extreme economic injustice. He advises the king to look after the economic well being
of his subjects. He says that the king has to give seed to the farmers for their crops and
feed for their cattle, capital to the merchants and businessman to conduct their business,
and jobs to the civil servants, etc.
Buddhism promotes economic well being in society by its
stress on the virtue of generosity. The Buddha teaches all his disciples, whether monks or
laymen, to practice giving, to be generous and bountiful. The wealthy in particular have
an obligation to give to the poor, to help and assist the poor.
The things that can be given have been minutely classified
The basic requirements are:
The Buddha especially praises, the giving of food. He says
that if people knew the benefits of giving food, they would not sit down to a single meal
without sharing it with someone if there is an opportunity for them to do so. He says one
who gives food gives the following five things and in return receives these five as its
He gives :
Specific advice to laymen
The Buddha gave the following advice to a group of lay
people as conducive to their happiness here and now.
(a) Energy and diligence
You have to be energetic and diligent in performing your job whether it is farming, a
trade, business or a profession.
You have to protect your wealth.
(c) Good friendship
Associate with true friends, with wise and virtuous people who will help you and protect
you, and guide you in Dhamma.
(d) Balanced livelihood
You should not be too bountiful, spending more than your means allow, and you should not
be niggardly, clinging to your wealth. Avoid these extremes and spend in proportion to
Then he gave them advice for their long term benefit: as
(a) faith and confidence in spiritual values, (b) generosity, (c) moral discipline and (d)
The Buddha laid down four standards of right livelihood to which a lay follower should
Use of one’s wealth
The Buddha says that having acquired wealth by the proper means one should spend it for
relatives and children.
give them presents.
London, May 18 : Supermodel Kate Moss is showing an increasing
interest in Buddhism and has started meditating to maintain her calm.
Moss, 35, is also keen on her friends sharing her new interest but has not got the response she hoped for.
lights sandalwood incense sticks in front of the statue and makes her
friends do the same. The problem is that everyone just sits choking on
the fumes,’ the source said.