Dancing with the bear: South Korean firms forge ahead in Russia
Article Abstract:
South Korean corporations are continuing to expand in Russia and the other members of the Commonwealth of Independent States (CIS) despite a drop in sales that followed the cancellation of South Korean export credits in 1991 because of unpaid back debt. Samsung Electronics in Feb 1993 announced plans to establish a dealer network in the CIS, where the firm's ventures have achieved fair success. The CIS' advantages such as potential for demand, technology and abundant natural resources have led the South Korean corporations to take greater risks there than have other foreign firms.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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In capitalist clothes: Vietnamese entrepreneurs discover profit in Russia
Article Abstract:
Vietnamese clothing wholesalers in Russia can earn high profits by selling clothing to Russian entrepreneurs. These clothing sales helped create rising private-sector, unofficial trade between Vietnam and Russia. This trade is estimated to be worth $300 million yearly. Russia, with 50,000 to 100,000 Vietnamese residents, now has the biggest non-refugee Vietnamese community outside of Southeast Asia largely because of the alluring earnings offered by the often illegal trade. The Vinaco Trading Centre in Moscow is one of several in which the trade flourishes.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Pulling teeth: US volunteers teach business skills in Russian Far East
Article Abstract:
The Peace Corps has started to provide white collar volunteers to Russia in hopes of helping that nation make its transition from communism to a free market economy. The volunteers have found it hard to get anything started. They cite a lack of resources and Russia's get-rich-quick mentality as hindrances to setting up profitable long term investments in the region. Other problems include poor living conditions for volunteers, which has resulted in many early departures, and a lack of a communications infrastructure through which one can conduct business.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Comment about this article or add new information about this topic:
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