If the company and employees identified by other people in this thread are correct, then yes, it would seem that this company has a Korean CEO who enjoys the loyalty of a Korean clique within the company. Some of the Caucasian employees have close ties to Korea as well. OP was ostracized and eventually kicked out because she didn't go along with the clique despite sharing their ethnicity.
The H1B's are Chinese and probably have no influence over how the Korean clique runs their company. The quote from "Michael" suggests that he has little more than contempt for the "Chinese kids". I can almost hear the Korean version of that remark in my head, and unfortunately this kind of racism is all too common among the assholes who give my country a bad rep.
Kim (the writer) is a korean last name, is the company CEO korean too?