Word: hsbc
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Dates: during 2000-2009
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...electronics industry could have predicted the growing dominance of Samsung, despite its solid technology and financial clout. Samsung's surprise was its savvy at brand building. "In terms of the ingredients, LG has everything?the quality, the packaging, the global marketing reach," says Nam Park, an analyst at HSBC Securities in Hong Kong. "What's missing is the magic. It's missing that je ne sais quoi." If Kim finds it, he'll probably pour himself a glass of soju and let go a very, very loud cheer...
...electronics industry could have predicted the growing dominance of Samsung, despite its solid technology and financial clout. Samsung's surprise was its savvy at brand building. "In terms of the ingredients, LG has everything--the quality, the packaging, the global marketing reach," says Nam Park, an analyst at HSBC Securities in Hong Kong. "What's missing is the magic. It's missing that je ne sais quoi." If Kim finds it, he'll probably pour himself a glass of soju and let go a very, very loud cheer. --With reporting by Juliane Han/Seoul
...aftermath of Asia's 1997 economic meltdown. Dhanin says just before the Thai baht collapsed, he almost retired. But times were so tough that Dhanin, who had spent decades building a firm that now employs 100,000 people in 20 countries, found himself confronted by a bevy of bankers. HSBC was calling in about $400 million in loans made to CP, and the company didn't have the cash. Dhanin was forced to unload assets to raise money, including stakes in a Chinese motorcycle manufacturer and a brewer--companies he believed would thrive as the mainland market developed...
...work in his bakery on a broad boulevard in Istanbul's modern new financial district at about 11 a.m. last Thursday when a tremendous bang shook down the building's windows and walls. Across the street, yellow smoke poured from the 18-story headquarters of the British-owned HSBC bank, where a pickup truck packed with homemade bombs had just set off a mighty explosion. "That first moment was not at all like you would imagine from the movies," Yilmaz says. "No one was screaming or running. If you had slapped me, I would probably have just stared blankly...
...wholesale crackdown on deadbeats is unlikely. Most debtors are less than 40 years old, precisely the demographic the Roh administration needs to claim a majority in the National Assembly. Forgiving the debt of youthful voters might swing more of them to Roh's side. Says Jinsang Kim of HSBC Securities in Seoul: "What we have is the carrot without the stick...