California angels: South Korea developers leap into America

Article Abstract:

South Korean companies are cautiously entering the CA real estate market that has punished the Japanese so badly since 1989. K-Young Development is putting up the first high-rise in Los Angeles county in five years, and other firms, most with ties to huge chaebol, are developing both commercial and residential property. Unlike the Japanese they are starting small and focusing on development rather than buying office blocks for rental income, and a market down 50% in six years encourages bottom-fishing.

Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, South Korea, Investments, California, Real estate development

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Bill puts bulls on edge

Article Abstract:

The US stock market has performed well since Pres Bill Clinton came to office, yet the financial services industry has traditionally supported the Republican Party. Clinton's policies such as welfare reform have favored business more than expected. He has also chosen Robert Rubin, an investment banker, to be treasury secretary, while Alan Greenspan has been reappointed chairman of the US Federal Reserve. These appointments emphasize a commitment to financial markets.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Clinton, Bill, Stock-exchange, Stock exchanges, Exchanges, Economic policy, Political aspects, Financial markets

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Good chemistry: Texas lures Japanese plastics firms fleeing the yen

Article Abstract:

Japanese chemical companies are flocking to Texas as the soaring yen lowers profits, but they still refuse to make overseas the plastics Japan itself uses. The extraordinarily close ties in that business community keep companies from rocking the boat even to seize market share, a tradition that may go overboard if the yen rises further. The Bayport industrial center outside Houston, TX, contains 13 Japanese boutique chemicals companies among its 50 residents.

Chemicals & Allied Products, Chemical Manufacturing, Plastic Materials, Plastics Material and Resin Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Plastics materials and resins, Foreign operations, Japan, Plastics industry, International aspects, Chemicals, Plastics, Corporations, Texas, Corporations, Japanese

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