Investor enthusiasm buys hope for economic reform
Article Abstract:
Foreign investment in South Korea is rising, but analysts claim that privatization of the economy will only follow the completion of large multinational buyouts. Deals currently underway include the purchase of Daewoo Motor by General Motors, the purchase of Hyundai Group units by AIG, and the purchase of Seoulbank by an undeclared party. A management shakeup is needed for South Korean companies to fully privatize.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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GM outlines purchase offer; firm proposes to buy portions of Daewoo Motor
Article Abstract:
General Motors Corp., offers to acquire some parts of South Korea's motor vehicles maker Daewoo Motor Co. The offer is worth $6.17 billion.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Prospect of foreign ownership revs up interest in Astra. (Astra International's stock price)
Article Abstract:
Indonesia's motor vehicle maker Astra International Incorporated P.T.'s stock price rises on news of Astra International's acceptance of acquisition offers from United States-based investment companies, Gilbert Global Equity Partners and Newbridge Capital Ltd.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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