The Koreas Take A Big Step Closer

Article Abstract:

North and South Korea will hold their first summit since Korea split in 1948.

International Affairs, Intnl Political Relations, International politics, International aspects, International relations, North Korean foreign relations, South Korean foreign relations, Summit meetings

---

Pact May Open Business Channel, but Firms Face Obstacles

Article Abstract:

The recent summit between North Korea and South Korea over reunification is discussed. Investment plans of Hyundai Corp. and Samsung Group are reported.

Diversified Companies, Strategy & planning, Statistical Data Included, Planning, International trade, Samsung Group, Hyundai Corp.

---

Seoul and Daewoo move to ease foreign bankers' worries; conglomerate to start negotiations with creditors by mid-August, official says

Article Abstract:

Daewoo Group and the South Korean government are trying to appease the anger felt by foreign bankers toward the mishandling of the financial burdens of the holding company. Some bankers such as Foreign Bankers Group Chmn Ed Kelleher expressed his satisfaction after a meeting with the Financial Supervisory Service Asst Gov Oh Kap Soo. However, other bankers are still upset over government expectations that they will roll over loans to Daewoo companies. Daewoo Group stated that it plans to conduct transactions with foreign banks either on a case-by-case basis or collectively by Aug 1999.

Government regulation (cont), Intnl Banking Services, International Trade Financing, Conglomerate corporations, Finance, Services, Economic policy, International banking, Foreign banks

Similar abstracts:

• Abstracts: Wal-Mart is ready to reach more Chinese consumers; U.S. department store chain gets creative as it builds on local groundwork
• Abstracts: PeopleSoft board is open to merger talks with Oracle. Qualcomm to buy chip business. Qualcomm agrees to buy SnapTrack
• Abstracts: ABN Amro Wants To Add 500 Bankers In Bid for Top Tier. Poland narrows bidders for Polska Kasa. Banks seen safe from Merrill--for now
• Abstracts: Traveling overseas? Remember to take your skin stapler; neurotic tourists bring along some truly odd gadgets; smoke hoods, air purifiers
• Abstracts: Sears Roebuck beats forecasts as provisions fall. Weak sales force Sears to lower profit forecast. Sears Roebuck posts 61% rise in 1st-quarter net

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.