It's a new dawn at Dacom

Article Abstract:

South Korean conglomerate firm LG Group has become a major player in the country's Internet and telecommunication industry following its acquisition of 25% of Dacom Corp. In addition, the firm has reached agreement to buy another 17% of Dacom stock owned by the Tongyang Group. This effectively brought to 42% the stake of LG in Dacom, with another 10% of the shares in the hands of owners friendly to the firm. However, outgoing Dacom CEO Kwak Chi Young warned that a cultural clash might occur because of the dissimilarities in corporate culture between the two companies.

Diversified Companies, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Statistical Data Included, Conglomerate corporations, Finance, Internet service providers, Investments, Dacom Corp., LG Corp.

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Mitsubishi joins venture

Article Abstract:

Mitsubishi Corp., based in Japan, has entered a joint venture agreement with Pohang Iron and Steel Co. of South Korea and US-based M.W. Kellogg Co. for the construction of a liquified natural gas terminal in Kwangyang, South Korea. The project, which is expected to be finished in 2003, is positioned to supply liquified natural gas to the Kwangyang steel mill of Posco. With expected capacity of 1.2 million metric tons annually, the plant is estimated to cost $400 million and will be financed using bank loans.

Comment:

Enters jv agreement w/ Mitsubishi & Pohang Iron & Steel for construction of liquified natural gas terminal in South Korea

Joint ventures, Gas Utilities, Natural Gas Distribution, Mitsubishi Corp., Pohang Iron and Steel Company Ltd., Article, M.W. Kellogg Co.

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Korea's confidence renewed

Article Abstract:

Samsung Electronics Group issued Triple-A-rated commercial paper, marking the first time that such an issue in Korea has been rated at that level. The notes are expected to have a maturity of five years.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Securities issued, listed, Electrical equipment and supplies industry, Electric equipment industry, Securities, Samsung Electronics Company Ltd.

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