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Word: goldstar (lookup in dictionary) (lookup stats)
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...discounting the South Koreans. In the past few years, several Korean companies, including Samsung, Goldstar and Daewoo, have successfully invaded America with television sets, videocassette recorders and even personal computers. Because wages are generally lower in South Korea than they are in either the U.S. or Japan, Korean products often sell for 25% less than their competition's. By offering attractive items at very low prices, the South Koreans may become the new Japanese. Says one Tokyo businessman: "Sometimes we see our spitting image in the Koreans, and we're downright afraid...

Author: /time Magazine | Title: The Excel Has Landed a $4,995 Car Could Be the Latest | 2/10/1986 | See Source »

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