Galloping to catch up with the Japanese

Article Abstract:

The Lucky-Goldstar Group of South Korea has developed a long-range strategy for competing with the Japanese in electronics and other high-technology markets that calls for it catching the Japanese in international markets by the turn of the century. One part of this strategy is the recruitment of scientists and engineers of Korean descent living in the U.S. and other foreign countries, one of whom is P. June Min, managing director of Gold Star Semiconductor Ltd., who is a naturalized U.S. citizen with a doctorate from Purdue University and three U.S. patent applications pending. Lucky-Goldstar's emphasis on joint ventures, licensing and in-house research and development to challenge the Japanese in international consumer electronics and high-tech markets is described.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Management, High technology industry, International aspects, High technology, Korea, Korea, South, Min, P. June

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Gambling pays off big for Japanese business

Article Abstract:

The Japanese government is hoping to capitalize on the huge interest the Japanese people have in the four legal forms of gambling in the country by syphoning off a portion of the revenue gained from legitimate gambling for high-technology research. Close to $1.5 billion will be provided to Japanese organizations for industrial research from taxation of money wagered on horse, bicycle, motorcycle and speedboat racing, and unlike other governments with similar policies, the Japanese have implemented a ministry to oversee the distribution of the funds to industry to assure that it is used in the development of its most important products. The operation of these ministries and the sources of the betting revenue are described.

Social aspects, Economic aspects, Industrial research, Tax administration and procedure, Tax administration, Gambling, Business planning

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Prying Japan's import doors open another crack

Article Abstract:

The foreign-trade report issued by the Japanese government in mid-January 1986 showed that Japanese exports exceeded imports by $46.14 billion in 1985, and that imports from Europe and the U.S. had fallen 5.1 and four percent, respectively. Despite the fact that these figures are likely to continue the hot debate on Japanese trade policies, it appears that the trade barriers erected by the Japanese government are beginning to fall, and while there are still a number of markets in Japan that seem impervious to foreign competition, many others are opening up to importers. Changes in Japan's foreign trade policy and how they will effect international businesses hoping to enter Japanese markets are described.

Analysis, International trade, Economic policy, International economic relations, Nontariff trade barriers, Commerce

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