The next domino?

Article Abstract:

Depreciation of the South Korean won is causing many people to fear that South Korea might suffer the sort of financial crisis which has hit Southeast Asian countries. The economy has some features which indicate that a disaster could be avoided, but it is undergoing a severe slump, the currency fell to 999 won to the dollar on Nov 10 1997, and experts believe that its foreign-currency reserves are very low. South Korea is 12th in the list of world traders, so a crisis here would have severe global consequences, and would particularly affect Japan and Taiwan.

Economic aspects, Economic indicators

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Heading for the big time

Article Abstract:

South Korean watchmaker Romanson made a net profit of $950,000 in 1997, with 40% of its products being sold to the home market. Romanson plans to increase the amount of units being exported to 80% in 1998, which would concentrate its finances abroad, placing less importance on the unstable domestic market. The South Korean government is promoting the idea of increasing exports to maintain economic stability. Romanson founder Kim Ki Mun decided to promote exports as away of ensuring long-term stability for his company.

Foreign Trade Companies NEC, Other Miscellaneous Nondurable Goods Wholesalers, Watches, clocks, watchcases & parts, Watches, Watch, Clock, and Part Manufacturing, WHOLESALE TRADE--DURABLE GOODS, Trading companies, Clock and watch industry, Clock industry, Watch industry, Romanson

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Risky high-tech leap

Article Abstract:

Anam Industrial has for some time led the South Korean semiconductor packaging and testing sector and also holds 30% of the world market, offering a range of 3,500 products. It is now looking to strengthen its position further through a joint venture with Texas Instruments. Under this arrangement, it will produce specialized chips, which run multimedia products, and will lead efforts in South Korea to move into specialized products of this kind.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Company Profile, Anam Industrial Company Ltd.

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