Pain in Pusan: South Korean shoe makers are losing their edge

Article Abstract:

The footwear industry which fueled South Korea's dominance in exports is being undermined by rising labor costs. Increasingly, Nike Inc and Reebok International Ltd are sourcing their products from countries offering cheaper labor, such as China and Indonesia. However, the industry's high productivity and the availability of supplies and components for the manufacturing process could be strengthened if South Korean investments are allowed into North Korea, providing the industry with a source of cheap labor.

South Korea, Economic aspects, Cover Story, Athletic shoes, Outsourcing, Labor costs, Korea, South

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The cookie crumbles

Article Abstract:

A takeover bid by French food group BSN threatens Britannia Industries which is highly quoted on the Bombay Stock Exchange (BSE), India and controlled jointly by industrialist Rajan Pillai and BSN. BSN has filed a case against Pillai, accusing him of unlawful exports and financial maneuvering. Britannia Industries' highly-quoted stock, meanwhile, has not moved on the BSE and Britannia executives say that the financial situation continues as before.

Column, India, BSN, Britannia Industries Ltd.

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A taste of Asia; foreign firms break into regional biscuit market

Article Abstract:

British cookie company United Biscuits Ltd is buying the Australian CCA Snacks from Coca-Cola Amatil for $300 million. The company will market savory snacks such as peanuts and potato crisps in addition to biscuits in Asia. The Asian biscuit industry is growing at the rate of 20% annually, while the snack food industry has increased its turnover to approximately $2.5 billion.

Asia, United Biscuits Ltd., Coca-Cola Amatil Ltd.

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