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Topic: South Korean conglomerates


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In the News (Sat 28 Nov 09)

  
  South Korea - Wikipedia, the free encyclopedia
South Korea, officially known as the Republic of Korea, is an East Asian state on the southern half of the Korean Peninsula.
South Korea can be divided into four general regions: an eastern region of high mountain ranges and narrow coastal plains; a western region of broad coastal plains, river basins, and rolling hills; a southwestern region of mountains and valleys and a southeastern region dominated by the broad basin of the Nakdong River.
The South Korean military is composed of the Republic of Korea Army (ROKA), Republic of Korea Navy (ROKN), Republic of Korea Air Force (ROKAF), and Republic of Korea Marine Corps (ROKMC), together with reserve forces.
en.wikipedia.org /wiki/South_Korean   (3911 words)

  
 Encyclopedia :: encyclopedia : South Korea   (Site not responding. Last check: 2007-10-31)
South Korea's chaebol are often compared with Japan's keiretsu business groupings, the successors to the pre-war zaibatsu ("chaebol" and "zaibatsu" are Korean and Japanese pronunciations of the same Chinese characters).
Joseph Stalin forced thousands of ethnic Koreans residing in or near Vladivostok and Khabarovsk to relocate to the Central Asian part of the U.S.S.R., fearing Korean collaboration with the Japanese, while the majority of the Korean population in Japan was brought/kidnapped there as forced labor during the colonial period.
Korean cultural development is generally divided into periods coinciding with political development: the Three Kingdoms period (57 B.C. A.D.), the Unified Silla dynasty (668-935), the Koryo dynasty (918-1392), the Joseon dynasty (1392-1910), and the modern period (1910-present).
www.hallencyclopedia.com /South_Korea   (3390 words)

  
 NationMaster - Encyclopedia: Kim Youngsam   (Site not responding. Last check: 2007-10-31)
Although Kim tried to reform the chaebols (large South Korean conglomerates), he is remembered mostly now for the Asian financial crisis, the Korean portion of which began in 1997 (the last year of his tenure) with the collapse of Kia Motors.
Kim Young-sam (RR: Gim Yeong-sam ; MR: Kim Yŏng-sam ; Korean 김영삼; 金泳三, December 20, 1927-) was the President of South Korea from 1993 to 1998.
Although Kim tried to reform the South Korean conglomerates (jaebeol), he is remembered mostly now for the Asian financial crisis, the Korean portion of which began in 1997 (the last year of his tenure) with the collapse of Kia Motors.
www.nationmaster.com /encyclopedia/Kim-Youngsam   (967 words)

  
 Economy of South Korea - Wikipedia, the free encyclopedia
South Korea is now one of the world's largest economies (as of 2006, it is 14th in the world according to GDP).
As of 2005, the price of rice in South Korea is about four times that of the average price of rice on the international market, and it was generally feared that opening the agricultural market would have disastrous effects upon the South Korean agricultural sector.
In late 2004, however, an agreement was reached through the WTO by which South Korean rice imports will gradually increase from 4% of consumption to 8% of consumption by 2014.
en.wikipedia.org /wiki/Economy_of_South_Korea   (1310 words)

  
 II Journal: Segyehwa: Globalization and Nationalism in Korea
Korean investments in North America and Europe have increased for different reasons -- often to bypass protectionist legislation in attractive markets -- but the effects are the same: for the first time, the South Korean state no longer retains full control over the large conglomerates it helped create, and South Korean capital has become global.
The experience of Korean Chinese has undergone a significant shift from "mutual attraction" to "accusation and humiliation."(4) From 1978 until 1988, only 441 Korean Chinese came to Korea; they were classified as "defectors" from the Communist bloc, were naturalized as South Korean citizens, and thereby became entitled to residence, job, and annual monetary support.
Most Korean Chinese migrants are employed in small factories where unions are often non-existent and labor laws are not observed, are paid less than domestic workers in the same factories, and are vulnerable to the delayed payment of wages, with no compensation for work-related accidents.
www.umich.edu /~iinet/journal/vol4no1/segyeh.html   (2408 words)

  
 Boston.com / News / World / Asia / South Korea to evacuate workers in Iraq
Shin said South Korea was trying to establish contact with as many countries and organizations as possible that could help win the release of the 33-year-old Kim.
South Korea on Saturday warned its citizens not to travel to Iraq, saying its decision to send troops to the country might prompt terror attacks on South Koreans.
South Korean conglomerates such as Hyundai Corp. and Daewoo International Corp. have also stepped up security at overseas branches and ordered employees to avoid dangerous areas, South Korea's Yonhap news agency reported.
www.boston.com /news/world/asia/articles/2004/06/22/south_korea_to_evacuate_workers_in_iraq   (552 words)

  
 Gordon Cucullu, author, commentator and speaker - military affairs, current events, cultural dynamics
In fact there is growing testimony from insiders that Kim Dae Jung bribed the North Koreans through Hyundai and other major South Korean conglomerates to the tune of $1.5 billion to pretend to come to the peace table and discuss peaceful co-existence and dismantling of their nuclear program.
South Korean firms have established manufacturing facilities in North Korea and at meetings the North Koreans speak with increasing assurance of their positive intentions toward their South Korean brothers and sisters.
South Korean cynicism and willingness to sacrifice the welfare of their northern brethren in order to appease North Korea repels concerned observers.
www.colonelgordon.com /rightapproach82404.shtml   (1696 words)

  
 BBC News | The Economy | South Korean economic rescue package
Five top South Korean conglomerates, known as chaebols, are expected to announce a series of deals in the next few days in an effort to orchestrate a financial recovery.
The South Korean economy is expected to shrink by 5% this year, but the Finance Ministry believes that the new stimulus package will help the economy to bounce back in 1999 when it is forecast to expand by 2%.
South Korea has been forced to introduce a series of major reforms after receiving a crucial $58bn bail out from the International Monetary Fund.
news.bbc.co.uk /1/hi/business/the_economy/163007.stm   (351 words)

  
 One More Neocon Target: South Korea   (Site not responding. Last check: 2007-10-31)
Everyone in South Korea today remembers this---so they can also intuit the hollowness of their current president's strange claim just last week that the U.S.-South Korean relationship is likewise too big to fail.
Instead of appeasing South Korea's appeasers (as our policy to date has attempted to do, albeit clumsily) America should be speaking over their heads directly to the Korean people, building and nurturing the coalitions in South Korean domestic politics that will ultimately bring a prodigal ally back into the fold.
The inclination of many South Koreans to reject U.S. policy towards the North is not "unnatural" as Eberstadt opines.
www.prisonplanet.com /articles/november2004/281104neocontarget.htm   (1279 words)

  
 CNN.com - S. Korea crackdown on big business - Mar. 4, 2003
South Korea has said it will investigate the business practices of Samsung and five other big groups, extending a crackdown on the country's family-run conglomerates.
New South Korean President Roh Moo-hyun has said that without reform the sprawling companies, called chaebol, could sow the seeds of a financial crisis.
South Korean conglomerates dominate the economy, Asia's fourth-largest.
www.cnn.com /2003/BUSINESS/asia/03/04/skorea.investigation.reut/index.html   (499 words)

  
 Corpus Christi Caller-Times / South Korea to sell banks to foreigners   (Site not responding. Last check: 2007-10-31)
South Korean news media, without giving sources, reported Friday that Citicorp's Citibank was interested in Korea First Bank and that Chase Manhattan was eyeing Seoul Bank.
The South Korean reports said the U.S. banks are interested in taking over the ailing Korean banks by themselves or forming joint ventures with South Korean conglomerates.
South Korea has promised to liberalize its economy, considered by Western investors one of the most closed in Asia.
www.caller2.com /busarch/bus3314.html   (430 words)

  
 PREVIEW: Tear Down This Tyranny
U.S. policy on the North Korean crisis suffered a setback, and a serious one, with the December 2002 South Korean presidential election, thanks to which a coterie of New Left-style academics and activists assumed great influence over their government's security policies.
For all intents and purposes, South Korea is now a runaway ally: a country bordering a state committed to its destruction, and yet governed increasingly in accordance with graduate-school "peace studies" desiderata--while at the same time relying on forward-positioned American troops and a security treaty with Washington to guarantee its safety.
Everyone in South Korea today remembers this--so they can also intuit the hollowness of their current president's strange claim just last week that the U.S.-South Korean relationship is likewise too big to fail.
www.weeklystandard.com /Utilities/printer_preview.asp?idArticle=4951&R=A0A32EEE8   (1291 words)

  
 Hyundai Mobis scraps controversial merger plan   (Site not responding. Last check: 2007-10-31)
SEOUL, June 12 Reuters reported that Hyundai Mobis Co, the auto parts division of South Korea's largest automaker, said on Wednesday it will not merge with an affiliate, Bontec Co, easing investor concerns about corporate transparency in the group.
Some analysts had said a merger would have boosted Mobis' manufacturing capacity, but others criticised the move as signalling a hereditary transfer of management control -- which used to be a common practice among South Korean conglomerates.
Analysts applauded the decision, saying corporate governance rather than increased production capacity was a more pressing concern at the former unit of the Hyundai Group, once the biggest of the South Korean family-owned conglomerates.
www.theautochannel.com /news/2002/06/12/141901.html   (460 words)

  
 South Korean conglomerates   (Site not responding. Last check: 2007-10-31)
Chaebol (Jaebol, 재벌 ; 財閥 in Korean), meaning conglomerates, have been a major force in the South Korean economy from the end of the Korean War through to today.
Although the last three South Korean presidents (Kim Young-sam, Kim Dae-jung, and RohMoo-hyun) have all tried to reform the Chaebols to one degree or another - especially after the Asian financial crisis in 1997 - they continue to play a major role in the national economy.
Many South Korean Chaebols have become household brandnames in the west.
www.therfcc.org /south-korean-conglomerates-169736.html   (200 words)

  
 BBC News | South Korea | Kim Dae-jung hits the ground running
After winning the December election by only a narrow margin -- his fourth try in the past in the last 25 years -- the South Korean stock market fell and the currency slid against the American dollar.
South Korean analysts could only hope for the best as the politically untested Mr Kim took the helm at one of the most critical times in South Korea's economic and political history.
In particular, South Korea watchers note that Mr Kim's lack of majority in parliament likely will cause problems for the president.
news.bbc.co.uk /1/hi/special_report/1998/south_korea/58623.stm   (509 words)

  
 South Korea encyclopedia : Cultural Information , Maps, South Korea politics and officials, South Korean History. ...   (Site not responding. Last check: 2007-10-31)
South Korea encyclopedia : Cultural Information, Maps, South Korea politics and officials, South Korean History.
Approximately one-half of South Korea\'s population lives in or near the capital and largest city, Seoul, the second largest metropolitan area in the world.
South Korea is also the second largest missionary sending nation on earth, after the U.S. Military and foreign relations
www.koreaiworld.com /wiki-Southkorea   (3902 words)

  
 Alexander's Gas & Oil Connections - South Korean conglomerates restructuring and re-focussing   (Site not responding. Last check: 2007-10-31)
5, 1998 South Korean business groups are going ahead with major restructuring plans in order to make it through the country's ongoing economic crisis.
New president Kim Dae-jung is encouraging conglomerates, known as chaebol, to consolidate operations as soon as possible.
A senior official at one of the groups predicts significant changes in the structure of South Korean industry within the next few months.
www.gasandoil.com /goc/news/nts81688.htm   (242 words)

  
 Envisioning the World's Next Great Market: Korea and the Economic Future of Northeast Asia
In South Korea, younger generation people are less tolerant of accepting this situation, and are demanding that Koreans take a more active role in defining their future, even while older Koreans continue to value their Cold War security reliance on the United States.
Dedicated work by the South Korean government and business over the last several years has created the most relaxed inter-Korean relationship since the beginning of the Korean War, but in the future the bilateral business relationship should be handled by people in the private sector using their own business principles and acumen.
South Korea, after all, is a member of the WTO and should promote its principles.
www.asiasociety.org /conference04/kongdan_oh.html   (2012 words)

  
 Asia Times - News and analysis from Korea; North and South
SEOUL - South Korea's big business community is ramping up its opposition to a controversial revision of fair trade laws ahead of the National Assembly's vote on it next month.
The Federation of Korean Industries (FKI), a lobby for South Korean family-run conglomerates, known as chaebol, is mobilizing all available means to oppose it.
Subsidiaries of South Korea's sprawling conglomerates are banned from making equity investments in other companies if the investments are greater than 25% of their net assets.
www.atimes.com /atimes/Korea/FJ21Dg04.html   (575 words)

  
 Progress made in South Korea’s Corporate Reform
South Korea’s top conglomerates or chaebols came in under the wire to beat a government deadline to lower debt levels according to a report issued by the Finance and Economy Ministry.
However, the country’s largest conglomerate was still carrying a debt of 22.22 trillion won (19.6 billion US$) by the end of June.
The South Korean government has drafted a contingency plan in the event Hyundai Engineering is unable to save itself.
www.bizasia.com /economy_/izect/progress_made_south_koreas.htm   (411 words)

  
 Beware the bankrupt chaebols
And just like the Korean conglomerates, the Desi business groups, and others on a smaller scale, have forayed into diverse highly capital-intensive businesses.
To avoid bigger ones, the South Korean experience needs to be treated as a warning signal and not dismissed as something that would not happen in Corporate India.
Till the South-East Asian crisis broke out in South Korea, there was not even a clear picture of the domestic and foreign debt exposures of the major groups.
www.blonnet.com /iw/2000/11/12/stories/0812h051.htm   (731 words)

  
 South Korean Conglomerates, South Korea: Business and Economy: Conglomerates in South Korea   (Site not responding. Last check: 2007-10-31)
South Korean Conglomerates, South Korea: Business and Economy: Conglomerates in South Korea
South Korea / Business and Economy / Conglomerates
Hyosung Corporation Industrial conglomerate with information about textile, chemical, industry, and trading business.
south-korea.askfire.com /conglomerates_south_korea.html   (321 words)

  
 CNN.com - Hyundai Group treats ailing units - April 16, 2001
HONG KONG, China -- South Korea's once mighty Hyundai Group has pledged a billion-dollar guarantee and has cancelled an unsucessful project in a bid to rescue its ailing units.
The project is the largest private investment in the North made by a South Korean company and has been a symbol of Seoul's determination to pursue the "sunshine policy".
Relations between the two Koreas have warmed since an historic summit between South Korean president Kim Dae-jung and North Korean leader Kim Jong-il in Pyongyang last June.
www.cnn.com /2001/BUSINESS/asia/04/16/hyundai.disarray/index.html   (608 words)

  
 South Korea Debuts New Hi-Tech Military Trainer
South Korea has unveiled a new supersonic trainer jet.
The South Korean Air Force has ordered about 50 of the supersonic jets.
Korean Aerospace Industries was created in 1999 through the consolidation of the aerospace businesses of South Korean conglomerates Daewoo, Samsung, and Hyundai.
www.globalsecurity.org /wmd/library/news/rok/2005/rok-050831-voa01.htm   (150 words)

  
 cbs4boston.com - Two Samsung Executives Are Convicted
(AP) SEOUL, South Korea A Seoul court on Tuesday convicted two Samsung executives of arranging shady deals to transfer corporate control of the country's largest conglomerate from father to son nearly a decade ago.
For decades, South Korean conglomerates, known as chaebol, have been accused of dubious dealings between subsidiaries to help controlling families evade taxes and transfer wealth to heirs.
Although Samsung is the nation's most profitable conglomerate, it has been plagued by allegations of questionable accounting and business practices among its subsidiaries.
www.cbs4boston.com /business/finance_story_277110656.html   (281 words)

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