Lee's trouble deepens, undermining mandateOriginal Article by Hwang Jang-jin on Jun. 3. 2008
(Korea Herald)
The relationship between political crisis and candle business
Summary.
President Lee is in trouble. Tens of thousands citizen took to streets in recent days demanding scrapping the beef import deal. Following violent police crackdowns Saturday, the slogan changed to “Resign Lee Myung-bak, Down with the Dictatorship.” Not only US beef import deal but also English-only education and Canal bring people into the street to protest against President Lee with candle.
My opinion
It is very natural that sales of products increase along with economic growth. However, sales of certain items such as noodle and Soju increase when economy go down. It is called ‘Giffen goods’.
President Lee is in trouble. Tens of thousands citizen took to streets in recent days demanding scrapping the beef import deal. Following violent police crackdowns Saturday, the slogan changed to “Resign Lee Myung-bak, Down with the Dictatorship.” Not only US beef import deal but also English-only education and Canal bring people into the street to protest against President Lee with candle.
My opinion
It is very natural that sales of products increase along with economic growth. However, sales of certain items such as noodle and Soju increase when economy go down. It is called ‘Giffen goods’.
I found the peculiar products like candle that has tendency to boost its sales along with political 
crisis. In most developed countries, Candle is obsolete as the infrastructure became stable and there is less and less possibility to happen electrical black-out. However, somebody found another way of using candle and they started to use candle to protest against government policy. Once candle protest culture settled in Korea, the sale of have been soared whenever political crisis happened. It could be compared with the concept of value preposition which Professor Lee taught us in the class with example of baking soda.
For business students, it is so important to think out of the box. From now on, not only somebody who create something new but also someone who can find different use of existing material will be valuable business man.
crisis. In most developed countries, Candle is obsolete as the infrastructure became stable and there is less and less possibility to happen electrical black-out. However, somebody found another way of using candle and they started to use candle to protest against government policy. Once candle protest culture settled in Korea, the sale of have been soared whenever political crisis happened. It could be compared with the concept of value preposition which Professor Lee taught us in the class with example of baking soda.For business students, it is so important to think out of the box. From now on, not only somebody who create something new but also someone who can find different use of existing material will be valuable business man.
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