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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (1555)	1/25/1998 5:39:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 9980

"Even John Templeton was a bit early investing in Korea." This may, of course, turn out to be a correct statement. But I think that Templeton's investment is already up around 30% or more.

To: Worswick who wrote (1555)	1/25/1998 5:44:00 PM
From: Stitch	Respond to of 9980

Worswick; Thank you for the post on Halla and Korean business. It is a fascinating read. The sidebar to the article said: <<"Nor do chaebols use capital wisely, but instead follow one another lemming-like, resulting in over capacity".>> This is very true and, instead of strategic selection of markets they seemed, in the past, to more driven to annhilate each other. My own impressions of Korean businessmen is that they are the undisputed street fighting champs of Asia. When it comes to an all out, no holds barred, kicking, biting, and gouging battle they are the most fierce of all. Now that we know where their ammo came from it will very interesting to see what results the "new" Korea will produce and what changes will occur within their respective corp. cultures. I will share a story with you. I once was escorted by a local distributor to visit Samsung in Suwon City. He picked me up at my Seoul hotel and we motored to Suwon in his Hyundai. We parked his car in the town and hailed a cab to go to the Suwon campus of Samsung. When I asked him why we did this I was told that Samsung would never allow a Hyundai car on their campus. Amazing! Best, Stitch