President's hot line

Article Abstract:

The close relations between government and business in South Korea is again the focus of another controversy. The parties involved in the new controversy are the government of Pres Roh Tae Woo and the Sunkyong business consortium. Sungkyong gave up a contract to establish a mobile telecommunications network in the country because of the pressure exerted by the ruling party's presidential candidate Kim Young Sam, who was afraid that the controversy would hurt his chances of being elected in the Dec 31, 1992 elections. Critics charged that Sungkyong got the deal because of favoritism.

Business, Political activity, Political aspects

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Staying ahead: Samsung leads chaebol in management reforms

Article Abstract:

Samsung Group, an electronics maker that is second only to Hyundai among South Korea's chaebol or family-owned conglomerates, has stressed managerial changes since losing preeminence in 1991. These changes will allow lower managers more autonomy and initiative while retaining the cooperation provided by Samsung's traditionally hierarchical organization with its emphasis on obedience. To effect these changes Samsung is implementing an Ace Professional Quality program that gives managers more authority and establishes performance instead of seniority as the criterion for promotion.

Conglomerate corporations, Human resource management, Cover Story, Samsung Group, Lobbying

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Fading boom

Article Abstract:

South Korea's construction industry is under public scrutiny for dangerously slipshod work habits and for bribery to obtain contracts. Samsung Construction & Engineering killed 79 people and wounded 130 when it exploded a dynamite charge under railroad tracks just as a train was coming near on Mar 29, 1993. Executives with the Lucky-Goldstar group and other companies face prosecution for bribery under Pres Kim Young Sam's anti-corruption campaign. These pressures are likely to force down industry earnings and stock prices.

Construction industry, Ethical aspects

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