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...active in Asia through joint ventures are buying out their cash-strapped local partners, thus positioning themselves to reap all the profits from a future upturn. In South Korea, Coca-Cola has taken over the bottling and distribution businesses of three former partners--Doosan Beverage, Woo Sung Food and Honam Food--and it is no secret that Coors is negotiating to take full control of Jinro Coors Beer. South Korea is one of a tiny handful of troubled Asian countries expected to resume some positive growth, however small, by late...

Author: /time Magazine | Title: Quarterly Business Report: Diamonds Buried in The Rubble | 12/21/1998 | See Source »

...light their work at night, had wrecked the Sun Yat-sen University, the British-owned Saichuen power station, cutting off all air-raid alarms, and the huge Fung Keng rubber plant. Scores of bombs, aimed at the Pearl River bridge, connecting the city with the industrial island suburb of Honam, fell along the waterfront, smashing sampans into wet and bloody splinters. Incendiary bombs plumped in Standard Oil storage tanks near the main Wongsha rail station, sent a 16-car train and the station roaring up in flames. The mammoth Sun Yat-sen Memorial Auditorium

Author: /time Magazine | Title: WAR IN CHINA: Open Grave | 6/20/1938 | See Source »

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