Life after cotton: polyester isn't hip, but it's profitable

Article Abstract:

South Korea's polyester industry is poised to boom, say analysts who point to heightened efficiency and rising costs for competing cotton material. While earnings per share for the industry fell 7% in 1994, they are expected to rise 66% in 1995, and the petrochemicals industry, supplying polyester's raw ingredients, also looks equally good. Japan and Taiwan still dominate the global market, making higher-quality drawn-textured yarn, while South Korea still makes spin-drawn yarn, but investment in new technology is changing that.

Plastics industry, Polyester industry

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Article Abstract:

Foreign workers in South Korea are attracting attention with their complaints about an unjust system that many observers say should be changed. Charges against the government-run system, which handles 30,000 of the 85,000 foreign workers in the country, range from rape and beatings to the theft of passports and nonpayment of wages. The Korean Federation of Small Businesses took over the program a year ago and says it operates well. Unions, businesses, and the government all resist bringing in more workers.

Laws, regulations and rules, Alien labor, Foreign labor

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Article Abstract:

Environmental spending continues to increase in S Korea but is a smaller share of overall investment despite the need for better environmental standards as the country seeks admission to international bodies. Most Korean companies now at least appear to promote environmental protection and improvement, and the rising need for environmental technology and expertise will lead to more imports. Compliance remains the weakest aspect of Korea's environmental regulatory scheme despite a bureaucratic reshuffling.

Waste Management and Remediation Services, Pollution Control, Sanitary Services, Pollution control industry, Environmental policy

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