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...currently on trial for allegedly funneling $166,000 from a faltering commercial bank into a private political research institute set up by Roh. Meanwhile, investigators from the Supreme Public Prosecutors' Office recently raided offices at Samsung Electro-Mechanics, part of the Samsung Group, the country's largest conglomerate; Hyundai Capital, the auto finance arm of automaker Hyundai Motor; and LG Shopping, an online shopping subsidiary of Korea's No. 2 conglomerate. Prosecutors are seeking evidence that the companies gave contributions illegally to political campaigns, including Roh's. A spokesman for Samsung said the group was "not involved with the election...

Author: /time Magazine | Title: Losing Face | 12/1/2003 | See Source »

...other VW brethren, such as the Audi A3 and models from Skoda and Seat. Japanese and Korean automakers are cutting into VW's core segment: compacts. In a European market down 1.5% this year, Honda's sales are up 7.4%, almost entirely thanks to its new Jazz subcompact. Hyundai, with sales up 10.8%, boasts a European market share of 1.7%, now on par with VW's Skoda brand. And Toyota's Yaris, packed with features and options for under $17,000 in most markets, is a bargain compared to VW's $18,000 Golf. The euro's strength against...

Author: /time Magazine | Title: Revving Up Volkswagen | 11/2/2003 | See Source »

Developments in database technology have made the job easier and cheaper for market-research firms to link databases, creating more detailed consumer profiles. When Hyundai decided to give the psychographic treatment to car buyers earlier this year, it chose LifeMatrix partly because that company's data are linked with information stored at Mediamark Research, which tracks what consumers read. The combination will provide Hyundai not only with profiles of the types of individuals likely to buy its cars, but also with data on what magazines those individuals read--enabling the carmaker to create effective ads and place them in front...

Author: /time Magazine | Title: Marketing: Sell It to the Psyche | 9/15/2003 | See Source »

Typical of the new trend is Samit Kapoor, 28, an assistant manager at Exl Service, a call center near New Delhi. Last year Kapoor took a mortgage to buy a two-bedroom apartment, and this year he purchased a car, a Hyundai Santro, for about $7,000. Four times a month, Kapoor visits New Delhi's top restaurants, among them Italian bistro Flavors or Indian-food specialist Bukhara, dropping as much as $40 a meal. In the process, he ran up about $4,200 in credit-card debt, spread over three cards. Since getting married six months...

Author: /time Magazine | Title: India: Hey, Big Spenders | 8/25/2003 | See Source »

...Typical of the new trend is Samit Kapoor, 28, an assistant manager at Exl Service, a call center near New Delhi. Last year Kapoor took a mortgage to buy a two-bedroom apartment, and this year he purchased a car, a Hyundai Santro, for about $7,000. Four times a month, Kapoor visits New Delhi's top restaurants, among them Italian bistro Flavors or Indian-food specialist Bukhara, dropping as much as $40 a meal. In the process, he ran up about $4,200 in credit-card debt, spread over three cards. Since getting married six months...

Author: /time Magazine | Title: Hey, Big Spenders | 8/25/2003 | See Source »

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