July 31, 1988 |
A stately, red brick building stands behind a large courtyard in Seoul's posh Oksudong neighborhood, haunted with the secrets of an extraordinary man who juggled the public affairs of the Olympic Games with a clandestine job selling American war planes to South Korea. The building is the Safari Club, owned by the late Park Chong Kyu, former chief body guard to a dictator, shooting enthusiast and prime mover behind the Seoul Olympics.
September 13, 1998 |
There is nervousness in the halls of corporate Korea about a powerful name from Arkansas, and it isn't Bill Clinton. Here in the capital, books about Sam Walton, the late legendary salesman, are flying off the shelves. And his name--more specifically, his namesake Wal-Mart Stores Inc.--is being scrutinized, analyzed and criticized in newspapers on a daily basis. For Bentonville, Ark.
January 9, 1988 |
J. Higby's Inc. has signed a letter of intent with Jin-Tong Co. Ltd., a major South Korean trading company, for the licensing rights to open 250 J. Higby's Yogurt & Treat Shoppes over the next six years, with the first four outlets scheduled to open by July 31, prior to the Summer Olympics. According to Gary C. Nelson, president, Jin-Tong also plans to manufacture and distribute J.
July 3, 1989 |
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.
December 24, 1998 |
TRW Inc., the world's largest maker of automobile air bags, agreed to buy the assets of South Korean auto parts maker Woo Jin Co. for an undisclosed amount to expand its products for South Korean auto makers. Closely held Woo Jin had 1997 sales of about $24.8 million. The company makes engineered fasteners, switches and controls for heating, ventilating and air conditioning, instrument panels and other parts, mostly for South Korea's Hyundai Motor Co.
June 3, 1995 |
For the second time, Samsung Electronics Co. has extended its offer to buy 40% of AST Research Inc. while the two companies await approval from the South Korean government to complete the $378-million deal. Samsung said Friday that it will extend its tender offer until June 30. It announced a similar postponement on April 21. Under the terms of the offer, the Seoul-based electronics giant will pay existing shareholders $22 a share for 5.82 million shares--a total of $128 million.