South Korea is not China. The quality is very different.
I have a Sage 8080Pro reel made in Korea....quality is outstanding. I also have just bought an Abel and the quality is equally outstanding. I have a TFO BVK..great quality and also Sage & Orvis rods...great quality. I have Chinese made reels....not so great...but there is a price point difference.
Many of the CNC machines are actually make in Korea-Hyundai; they are leaders in other technology, Samsung-phone and flat screens etc.
It is well worth listen to Rick Pope is the owner of Temple Fork Outfitters pod cast MP3
were he does discuss the manufacturing of equipment off shore and in particular Korea where they have a factory.
Interestingly in Steve Hemkens of Orvis' podcast of Dec '12 he suggests Orvis will be focusing on USA built reel in the near future (18 months or so)....MP3