Short circuit at LG unit?

Article Abstract:

LG Electronics' stock has been downgraded by some fund managers as the firm expects a decline in net profits and faces increasing debt. The debt-to-equity ratio for LG totaled 284% at the end of September 2000 vs 172% at the end of June 2000.

Computer and Office Equipment, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Finance, Brief Article, LG Electronics Inc.

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Cooking up a new product

Article Abstract:

Manna Food Co., headquartered in South Korea, is developing a new noodle product to expand its business and cope with the declining market. The three-year old company is aiming to directly market its own cold instant noodles. The soy-sauce-based noodle recipe provides an instant noodle meal upon pouring of cold water. Manna Food, which had absorbed total charges of three billion won, is a former supplier of the country's major food-and-beverage makers Korea Yakult Co. The firm also saw its monthly orders dropped by 60% due to the country's economic crisis.

Comment:

Develops a new noodle product to expand its business and cope with the declining market

Product development, Marketing procedures, All Other Miscellaneous Food Manufacturing, Noodle Products NEC, Pasta products, Manna Food Co., Article

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Accounting moves don't diminish Korea Telecom's appeal; company says the right things as investors now are eager to pour cast into the country

Article Abstract:

Modifications in its accounting policies have permitted Korea Telecom to raise its pretax or operating profit by $272.4 million. Such moves are indicative of the difficulty of assessing the actual bottom line of Korean companies. However, such accounting changes are not envisioned to dampen the enthusiasm of foreign investors who are eager to invest in Korea because its executives are believed to be focusing on the appropriate issues.

Telecommunications, Communications, Broadcasting and Telecommunications, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications services industry, Telecommunications industry, Telecommunications equipment industry, Telecommunications systems, Securities, Telecommunication systems, KT Corp.

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