Korea Telecom's stock draws investors seeking safety: newly listed shares in Seoul soar on a restructuring plan applauded by analysts

Article Abstract:

Analysts are actively marketing Korea Telecom stocks to investors. Its stock price has increased by about 52% since its listing on the Korea Stock Exchange on Dec 23, 1998. Adding to the company's appeal is its restructuring plan which include the lay-off of 7,500 employees in 1999. Korea Telecom has also raised its basic phone rates from 2,500 won to 3,500 while its profits are expected to reach 466 billion won from 110 billion won in 1998.

Marketing procedures, COMMUNICATION, Communications, Broadcasting and Telecommunications, Company Planning/Goals, Telecommunications services industry, Telecommunications industry, Securities, KT Corp.

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Daewoo still stokes fear

Article Abstract:

The financial troubles of Daewoo Group has negatively affected South Korea's stock price index because of the firm's announced restructuring plan. Analysts say the reason for the decline of the index is the investment-trust industry's exposure to Daewoo's debt. This has led to massive withdrawals from investment-trust companies which might have adverse effects on the prices of stocks and bonds. The government has promised financial support to the industry but it has taken the first step of limiting withdrawals from invested funds in Daewoo.

Diversified Companies, Strategy & planning, Open-End Investment Funds, Investment Funds & Trusts, Management, Conglomerate corporations, Investment companies, Daewoo Corp.

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