and is paranoid about losing technological secrets to competitors. Silverlight Electronics is a Korean based company selling its high tech products in Korea and abroad. It is part of the SiverLight Chaebol; a family of firms held together by cross-ownership and close personal ties. The SilverLight Chaebol offers a horizontal multi-industry integration. Therefore‚ SilverLight’s products are mostly the result of the SilverLight Chaebol’s work rather than from SilverLight Electronics itself. The company
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competences‚ that are technology and capabilities‚ the company obtained through joint venture and acquisition‚ which can be considered as intangible resources. Government may play an important role behind these activities because of their support of chaebols’ development. The following decade witnessed the company strengthening its R&D competences with the open of R&D Center in Suwon and Samsung Advanced Institute of Technology(SAIT) in 1980 and 1987 respectively. In 1983‚ the company began to produce
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Why Are Business Groups More Common In East Asia? It is thought that since the early 1960’s business groups have been a vital asset to the industrialization and economic growth of East Asian Countries. A ‘business group’ is a group of legally independent firms bound together in a formal or informal way. They have shown extreme rapid growth throughout East Asia‚ and have become a very controversial topic when relating to East Asia’s financial development‚ often being referred to as “paragons or
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The article on Kompas daily‚ Friday‚ September 7th‚ 2007 interested me to write this essay of analysis on how the local authorities‚ in this case South Korean high court has pushed to make decision that driven by national economy interest. “Hyundai chief given suspended sentence. Hyundai Motor Group chairman Chung Mong-koo was on Thursday‚ Sept 6‚ 2007 handed a 3-year suspended sentence by a South Korean appeals court‚ freeing him to continue running the world’s sixth largest auto maker. 1)
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The term ‘dystopia’ is originated from the word ‘Utopia’‚ which was originally coined by Thomas More in his book. The word ‘utopia’ derives from two Greek words‚ and‚ meaning respectively ‘good place’ and ‘no place’. Hence‚ ‘the primary characteristic of the utopia is its non-existence combined with a topos – a location in time and space’. So‚ instead of frustrating ourselves by imagining a utopia which never comes‚ our humanities have been writing dystopian fictions since the ancient times. One
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DOING BUSINESS IN SOUTH KOREA BUSINESS ISSUE IN SOUTH KOREA South Korea continues a process of economic liberalisation and deregulation‚ but the government has yet to adopt a fully laissez-faire policy where the economy and trade are concerned. The UK TI team in South Korea works actively to lift or loosen the many regulatory barriers that still exist to ease UK-based company enter to the market(UK Trade and Investment‚ 2009) Getting Paid - Terms of Payment The payment terms you can normally
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loans. This is a major risk element considering the exchange rate hit the company faced. This huge dependence on foreign debt is something that explains the inherent discrepancy that existed because of Samsung being part of a Korean Chaebol. Like most Korean Chaebols‚ Samsung had the strategy of increasing size and ignoring profitability. Access to credit was via informal credit markets and the support of the Government. Also because most of the debt was also issued via a cross debt guarantee‚ this
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South Korea has the same financial structure as other countries which consist of the ministry of finance‚ central bank and commercial banks and the general public. South Korea in recent decades has been one of the most dynamic economies in the world. Over the period from 1965 to 1990‚ the rate of growth per capita GNP (gross national product) was greater than that of any other country in the world. Now we need to look in more detail to examine into the financial system of South Korea and how it affects
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Services 57.5% Agriculture: rice‚ root crops‚ barely‚ vegetables‚ fruit; cattle‚ pigs‚ chicken‚ milk‚ eggs; fish Industry electronics‚ telecommunications‚ automobile production‚ chemicals‚ ship building‚ steel Economic Structure: The chaebols‚ Korean conglomerates such as Hyundai‚ Samsung and Daewoo and LG3‚ play an important role in the Korean economy. In 1995‚ the four companies had produced 9% of the country’s GDP.1 Although economic reforms have curtailed some of their dominance‚
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manufacturing to other nations. This is due to the increased cost of labour within the country. Unlike most NICs‚ South Korea encouraged development of family owned TNCs called chaebols which become the major source of economic development within the country. Consequently‚ there are more foreign direct investments from these chaebols such as Samsung and SK into the other less developed countries. This greatly encouraged the overall increase in trade and investment into other part of the world other than
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