Word: hyundai
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...American competitors as they pursue business in nations like Iran, which badly needs outside help for its oil industry. If the terror-free trend should spread, those companies could face significant divestment by U.S. shareholders. Other big-name international companies that have done business with outlaw states include Siemens, Hyundai, Alcatel, BNP Paribas and Statoil. The roster of some 400 global companies excluded by the FTSE/CSAG index includes many that trade on U.S. stock exchanges...
...Myung Bak, former CEO of Hyundai Engineering and Construction, one of South Korea's largest construction companies, has built everything from churches in his homeland to roads in Thailand. After being sworn in Monday as South Korea's new President, he's about to undertake another big job: shoring up the country's economy...
...Should North Korea shed its pariah status, many South Korean businessmen believe Lee, a former CEO of Hyundai Engineering and Construction, one of South Korea's largest companies, will push aggressively for closer commercial ties, for the simple reason that it makes economic sense. The North is seen by executives as a potential bulwark against Chinese competition because it offers cheap labor, access to relatively untapped natural resources, lower transportation costs, and shared culture and language. "For the South Korean economy, it's a win-win situation," says outgoing Minister of Unification Lee Jae Joung...
...capital. Gubazov says he has owned eight cars in eight years, including four Russian-made Zhigulis. The Amulet, the top-selling Chinese car in Russia, lasts longer, he says, and it has a base price of $9,000, about 30% cheaper than one of its chief competitors, the Hyundai Accent...
...former Seoul mayor and rags-to-riches industry tycoon with a personal fortune estimated at $38 million (making him the wealthiest among the presidential candidates). Lee grew up in a poor family in the east coast town of Pohang, became a senior executive at the conglomerate Hyundai at age 36 and played a role in the nation's rapid economic development in the 1970s and '80s. As mayor of Seoul from 2002 to 2006, Lee won praise for his management of the city, putting an end to recurring subway strikes and creating a new green space in the center...