Korea appears to backpedal in war against conglomerates' stranglehold

Article Abstract:

South Korean Pres. Kim Young Sam's government's efforts to crackdown on the illegal activities of the chaebols has begun to wane. Government prosecutors have apparently lost interest in pursuing bribes-for-favors made by conglomerate corporations. Analysts noted the Kim cannot afford to disrupt the economy with such investigations before the upcoming elections in Apr. 1996. Moreover, they added the Kim stands to gain more public support with his decision not to crackdown on the chaebols.

Political activity, Investigations, Political aspects, Bribery, Kim Young Sam

---

Reform of ownership rules in Korea may not trigger foreign money flow

Article Abstract:

The South Korean government has raised the limit to foreign ownership of Korean corporations from 15% to 18% to attract more foreign investments. Compared to previous initiatives, however, the recent reform is expected to raise 30% less foreign investments. Analysts noted that the current Korean stocks are simply not attractive to foreign investors. They added that foreign investment will only step up if the benchmark interest rate falls from 12% to 10%.

Administration of General Economic Programs, Foreign Investment Regulations, Foreign investments, Laws, regulations and rules, Stocks, Securities, Foreign investment laws

---

Similar abstracts:

• Abstracts: Korean companies plunge into Vietnam, hoping not to flop. Chaebol's size seen as hindrance to growth of Korean chip makers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.