Politics of planning

Article Abstract:

South Korean Pres Roh Tae Woo's government has proposed a US$650 billion, six-year infrastructure program aimed at removing transport bottlenecks between Seoul, the capital, and Pusan, South Korea's principal port. The plan might run into problems as the opposition members feel that some money should be spent on infrastructural development in their constituencies. They prefer the original US$200 billion 10-year program which aimed at extending road and rail links all over the country, thus extending economic development to areas beyond Seoul and Pusan.

Economic development

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Tender tactics: South Korea puts squeeze on train supplier

Article Abstract:

A French railroad construction firm, GEC-Alsthom, agreed to supply its Train a Grande Vitesse and associated technology in a tentative deal with the South Korean government to build a $13.2 billion, high-speed railway between Seoul and Pusan, South Korea. However, Pres Kim Young Sam's government continues to seek concessions from GEC-Alsthom before it will complete the terms of the contract. In particular, the government requests that 50% of equipment used in the project be obtained in South Korea.

Railroads, Contracts, High speed trains, GEC Alsthom

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War of convenience: South Korea's stodgy retailers face shake-up

Article Abstract:

South Korea's retail business is witnessing the eclipse of supermarkets and small shops by convenience stores. The latter are known for their unrivalled service orientation. Prices may be higher in convenience stores but Korea's consumers, particularly the youth, prefer cleanliness and winning smiles when shopping. Older shops and supermarkets which used to gobble up 100% of the retail market have, by 1991, lost 10%, and by 1992, another 13%.

Retail Stores, NEC, Industry Overview, Retail trade, Convenience stores

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