Rates converge as rules ease; South Korea loosens reins on currency trading

Article Abstract:

South Korea has embarked on the trade liberalization reforms in compliance to its economic bailout agreement with the International Monetary Fund in 1997. Although the country is expected to experience increased economic volatility, the reforms' long-term impact would uplift the country's economy. The liberalization move includes the lifting of restrictions on transactions including the requirement on investors to produce evidence of business purpose. Korean companies would also be allowed to garner short-term funding from foreign financial institutions.

Administration of General Economic Programs, Trade Regulations NEC, Export Promotion, Economic aspects, Economic policy, Capitalism, International trade regulation, Free trade, Foreign trade promotion

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South Korean firms bend; minority holders win management changes

Article Abstract:

Activities of minority shareholders are the newest investment indicator in South Korea. Most investors are warming to firms whose minority shareholders are urging for broad membership or management policy changes. Activist leaders are headed by the People's Solidarity for Participatory Democracy which aims to change the common chaebol practices such as favoring sales growth over profitability and investing in less lucrative businesses.

Financial management, Corporations, Securities issued, listed, Management, Stockholders, Practice, Investor relations, People's Solidarity for Participatory Democracy

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Seoul's 'no company is too big to fail' pledge is failing

Article Abstract:

Government bailouts of failing South Korean companies may violate International Monetary Fund terms and international trade laws. Despite the efforts to reform, some fear that South Korea will again become mired in financial troubles due in part to the upcoming 2002 elections and the political influence large companies yield.

Financial analysis, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Financial Regulation NEC, International Monetary Fund, Finance, Financial services, Column, Economic assistance, Foreign economic assistance, Commercial law

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