Rebuilding the future

Article Abstract:

The South Korean economy has been affected by bad debt which is undermining the banking system, and by increased competition in export markets. The conglomerates or chaebol are seeking more deregulation and lower interest rates. Links between government and business which affect bank lending decisions are seen as a cause of the banks' bad debt problems. Bank and finance company loans have reached 160% of gross domestic product. Meanwhile telecoms deregulation is seen as important for the development of hi-tech activities in South Korea.

Diversified Companies, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Conglomerate corporations, Banks (Finance), Bad debts

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Lean machine: Korean-Japanese venture battles the yen by stressing efficiency

Article Abstract:

Japanese investors in S Korea have fought the rising yen and spiralling wage increases, and now must face greater overseas competition. Japan's Mikuni Corp set up Mikuni R.K in 1987 in partnership with Rinnai Korea Corp, itself a joint venture between Japan's Rinnai Corp and a Korean company. Mikuni R.K has 70% of the market for thermocouples and magnetic-power units that make gas stoves safe, and its sales have averaged 12.1% growth annually since 1990. Its high efficiencies may not be enough to stave off newcomers, though.

Heating Equipment (except Warm Air Furnaces) Manufacturing, Heating equipment, except electric, Burners & Burner Units, Management, Foreign investments, Japan, Investments, Joint ventures, Industrial efficiency, Economic efficiency, Rinnai Corp., Fuel burners, Mikuni R.K Corp

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Southern lure

Article Abstract:

South Korea sees Vietnam as a new partner in Southeast Asia. Putting all past conflicts aside, Seoul is eager to engage in diplomatic and trade relations with Hanoi because of economic interests. It sees Vietnam as a possible alternative site for its labour-intensive industries. Vietnam's oil prospects also attract the South Koreans.

Economic policy, International relations, Vietnam, Korea, South

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