Ten indicted in Hanbo case
Article Abstract:
Hanbo Steel Industry Co.'s demise has resulted in the filing of charges against 10 businessmen, bankers and politicians in South Korea. The Hanbo Steel fiasco, which was dubbed "Hanbogate" by the press, reflects the deep-rooted corruption that is prevalent in politics, business and banks in the country. Charged in connection with the scam include Shin Kwang Shik of Korea First Bank, Woo Chan Mok of Cho Hung Bank and former Korea First Bank President Lee Chul Soo. Also indicted were legislators Hong In Kil, Chung Jae Chul, Kwon Ro Gap and Hwang Byung Tae, former cabinet minister Kim Woo Suk, and Hanbo founder Chung Tae Soo.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
As Asia's sprinters slow, economists take it in stride
Article Abstract:
Economists anticipate that the economic growth rate of Asia's industrial leaders, Singapore, Hong Kong, Taiwan and South Korea, will decline by 4-5% in the mid-1990s. Although such forecasts have caused concern in Asia, the economists stress that the downturn is based on sound economic realities. They attribute the downturn to the lack of land and cheap labor in the 'Asian tigers.' They strongly advised businesses in these countries to revise the investment and management practices to cope with the changing economic situation in Asia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Some South Korean plants earn ugly reputations
Article Abstract:
A growing number of South Korean companies abroad are being accused of unfair labor practice. Employees at the Sejen Electronic Co. plant in Zhuhai, China, for instance, are prohibited from talking while bathroom breaks are only allowed every two hours. Elsewhere in Asia, Europe and Latin America, South Korean supervisors are being known for overworking employees, union busting, physical abuse and maltreatment of employees.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: SPH is back in favor as prices of newsprint seem to have peaked. Analysts in colony are less sanguine than U.S. firms about market's trend
- Abstracts: SPH is back in favor as prices of newsprint seem to have peaked. part 2 American academic is among those fined for article in IHT
- Abstracts: Despite turmoil, foreign investors flock to the islands. But wait - there's more: Asia is poised for further growth, economists say
- Abstracts: Swimming against the tide in Hong Kong. Taste for things Chinese stirs Hong Kong appetites. Eating on the run is a way of life for many busy families in Hong Kong
- Abstracts: Cash in on cash. Hidden value: fund managers profit as companies restructure. Mini-boom in Europe: European small-company funds set blistering pace