Green light for exports
Article Abstract:
South Korea's car makers expect to solidify their hold on the domestic car market before the government gives in to international demands for the free importation of foreign-made cars. The four largest South Korean car companies are Hyundai Motor, Kia Motors, Daewoo Motor and Ssangyong Motors. They forecast double-digit domestic sales increases between 1993-96 despite a 40% net income decline in 1991-92. They also predict rising export sales, which have been especially good in North America due to South Korea's depreciating currency. Foreign protectionism may threaten South Korean car exports.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Dominance, submission: Seoul aims anti-corruption campaign at the press
Article Abstract:
South Korea's newspaper industry will probably face change as it becomes a prime target of Pres Kim Young Sam's anti-corruption policy. Kim wants newspapers' owners and senior staff to reveal their financial holdings. He wants newspapers to publish accurate circulation statistics and may also subject newspapers to tax audit. Industry leaders complain that all three actions could hurt newspapers, which are already pressured to compete with radio and television for advertising revenue. They accuse Kim of using his anti-corruption drive to attack his political opponents among the press.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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