Advertisement
YOU ARE HERE: LAT HomeCollectionsSteel Industry South Korea
IN THE NEWS

Steel Industry South Korea

FEATURED ARTICLES
BUSINESS
July 3, 1989 | SAM JAMESON, Times Staff Writer
In a move heralding an emerging South Korean role in overseas investment, Sammi Special Steel Corp. is about to become the first Korean firm to buy American factories. Moreover, $180 million of the $220-million deal will be financed by an international syndicate of banks led by a South Korean bank, a sign of South Korea's growing financial strength. South Korea, once deeply in debt, will enter the ranks of net creditors this year, Kim Kun, a Bank of Korea governor, said in a recent interview.
ARTICLES BY DATE
BUSINESS
December 20, 1998 | MARK MAGNIER, TIMES STAFF WRITER
The high-profile campaign against Asian steel imports being waged by U.S. steel mills is part of a pattern of rising protectionism around the world driven by the Asia economic crisis and related pressures. Even as traditional trade barriers such as quotas and tariffs have come down, countries have turned in droves to one of the few legal remedies left: anti-dumping safeguards.
Advertisement
BUSINESS
October 31, 1991 | From Times Staff and Wire Reports
South Korea Threatens to Scrap Steel Pact: Seoul says it may abandon voluntary restraints on steel exports to the United States if Washington fails to drop an anti-dumping investigation involving South Korean steel exporters. The Trade and Industry Ministry said after trade talks with U.S. officials that Seoul will consider terminating the 1984 agreement under which it has voluntarily restricted steel exports. U.S.
NEWS
January 28, 1997 | TERESA WATANABE, TIMES STAFF WRITER
South Korean President Kim Young Sam, already shaken by a protracted labor crisis, Monday ordered an all-out investigation into the collapse of this nation's second-largest steelmaker as he sought to contain a situation that is spiraling into his administration's most spectacular financial scandal. In one of the largest bankruptcies in South Korean history, Hanbo Iron & Steel Co. declared bankruptcy last week amid revelations that it inexplicably had been granted about $5.
BUSINESS
July 18, 1994 | From Bloomberg Business News
South Korea's Hyundai Group has a history of stirring up public opinion. In the 1992 presidential election, its founder, Chung Ju Yung, caused a political earthquake by mounting a highly charged campaign against the eventual winner, President Kim Young Sam. This time around, the nation's largest conglomerate is dividing the country with an ambitious plan to build South Korea's second steel mill at a cost of $10 billion.
BUSINESS
December 20, 1998 | MARK MAGNIER, TIMES STAFF WRITER
The high-profile campaign against Asian steel imports being waged by U.S. steel mills is part of a pattern of rising protectionism around the world driven by the Asia economic crisis and related pressures. Even as traditional trade barriers such as quotas and tariffs have come down, countries have turned in droves to one of the few legal remedies left: anti-dumping safeguards.
BUSINESS
May 23, 1988 | SAM JAMESON, Times Staff Writer
The housing that Pohang Iron & Steel has built for its workers here is set among trees and flowers and is surrounded by athletic fields, gymnasiums, a hospital and a performing arts center--all company-built. The firm's workers here and at its other plant in Pohang have never joined a union and never gone on strike, yet they are said to be the highest paid in the country.
NEWS
January 28, 1997 | TERESA WATANABE, TIMES STAFF WRITER
South Korean President Kim Young Sam, already shaken by a protracted labor crisis, Monday ordered an all-out investigation into the collapse of this nation's second-largest steelmaker as he sought to contain a situation that is spiraling into his administration's most spectacular financial scandal. In one of the largest bankruptcies in South Korean history, Hanbo Iron & Steel Co. declared bankruptcy last week amid revelations that it inexplicably had been granted about $5.
BUSINESS
July 18, 1994 | From Bloomberg Business News
South Korea's Hyundai Group has a history of stirring up public opinion. In the 1992 presidential election, its founder, Chung Ju Yung, caused a political earthquake by mounting a highly charged campaign against the eventual winner, President Kim Young Sam. This time around, the nation's largest conglomerate is dividing the country with an ambitious plan to build South Korea's second steel mill at a cost of $10 billion.
BUSINESS
October 31, 1991 | From Times Staff and Wire Reports
South Korea Threatens to Scrap Steel Pact: Seoul says it may abandon voluntary restraints on steel exports to the United States if Washington fails to drop an anti-dumping investigation involving South Korean steel exporters. The Trade and Industry Ministry said after trade talks with U.S. officials that Seoul will consider terminating the 1984 agreement under which it has voluntarily restricted steel exports. U.S.
BUSINESS
July 3, 1989 | SAM JAMESON, Times Staff Writer
In a move heralding an emerging South Korean role in overseas investment, Sammi Special Steel Corp. is about to become the first Korean firm to buy American factories. Moreover, $180 million of the $220-million deal will be financed by an international syndicate of banks led by a South Korean bank, a sign of South Korea's growing financial strength. South Korea, once deeply in debt, will enter the ranks of net creditors this year, Kim Kun, a Bank of Korea governor, said in a recent interview.
BUSINESS
May 23, 1988 | SAM JAMESON, Times Staff Writer
The housing that Pohang Iron & Steel has built for its workers here is set among trees and flowers and is surrounded by athletic fields, gymnasiums, a hospital and a performing arts center--all company-built. The firm's workers here and at its other plant in Pohang have never joined a union and never gone on strike, yet they are said to be the highest paid in the country.
Los Angeles Times Articles
|