Recent construction disasters may be hurting reputation of South Korean builders abroad

Article Abstract:

South Korean firms seeking foreign contracts have been negatively affected by the series of industrial accidents in their country such as the collapse of a bridge and a gas explosion which both resulted in several fatalities. So far, existing Korean ventures are doing well. However, it has been observed that Korean firms have been excluded from the bidding of many upcoming projects in Southeast Asia. Countries in the region have even gone to the extent of requiring safety inspections of Korean firms intending to invest in their area.

Construction, Construction industry, Foreign operations, Accidents, Building, Korea, South

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Post-ban, foreign stars pitch products in Korea

Article Abstract:

More and more foreign celebrities are endorsing South Korean products, as the cost of hiring local personalities for advertisements has gone up. Aside from their exorbitant talent fees, local models also endorse several products at the same time, thus confusing consumers. Advertisers which have utilized foreign talents have reported improvements in brand image, among them L.G. Ad Inc. and Cheil Communications Inc.

Advertising, Advertising and Related Services, Methods, Evaluation, Advertising services, Endorsement advertising

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Korea Inc. may dodge scandal's bullet, but economy could suffer a direct hit

Article Abstract:

Top officials of South Korea's largest corporations, including Daewoo and Samsung, will be indicted but will not be arrested for contributing to the $650 million slush-fund administered by former South Korean Pres. Roh Tae Woo. This could disappoint Koreans who had hoped that the government would take strong action against Korean businessmen involved in the scandal.

Economic aspects, Cases, Political corruption, Reserves (Accounting), Roh Tae Woo

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