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South Korea Foreign Investments Southeast Asia

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BUSINESS
October 26, 1992 | From Times Staff and Wire Reports
Businesses Zero In on Southeast Asia: Southeast Asia has replaced the United States as the region most favored by South Korean businesses for opening new factories, a government report said. The change reflects the search by Korean companies for low-wage areas for new operations. Wages have nearly tripled in South Korea over the past five years, and industry officials said Korean investors have grown disenchanted with what they consider high wages and low productivity in the United States.
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BUSINESS
October 26, 1992 | From Times Staff and Wire Reports
Businesses Zero In on Southeast Asia: Southeast Asia has replaced the United States as the region most favored by South Korean businesses for opening new factories, a government report said. The change reflects the search by Korean companies for low-wage areas for new operations. Wages have nearly tripled in South Korea over the past five years, and industry officials said Korean investors have grown disenchanted with what they consider high wages and low productivity in the United States.
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