Word: koreas
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Dates: during 1990-1999
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Signs are emerging, however, that the slump may be nearing bottom, or at least slowing. By the end of last month, stock prices in Hong Kong, Thailand, Malaysia and South Korea, while still far below their peaks, had bounced up 50% or more from their deflated lows of summer. The Japanese government has announced yet another economic-stimulus program, and optimists hope this one might actually be carried out. Meanwhile, a timely international rescue plan for Brazil has eased fears that Asia's ills would spread inexorably to Latin America, then to the U.S., then Europe, back to Asia...
...money out of Asia. Sell short,'" recalls Allen Sinai, chief global economist of Primark Decision Economics, a forecasting and consulting firm. In its worldwide model portfolio, it left only 5% for Japan. Says Sinai: "We doubled the allocation to Japan two months ago and put allocations back into South Korea, Hong Kong, Thailand and Singapore." Though many economists are dubious about how soon and how strongly Japan can recover from a long period of stagnation and now recession, Sinai pronounces himself "somewhat positive" on the outlook, at least for financial markets, which tend to improve before economies...
...intends to produce 40,000 seven-seat multipurpose vans annually. GM has also concluded what Smith calls "a strategic agreement" with Japan's Suzuki to "work together in the lower end of the car market," and is looking at joint projects it could undertake with Daewoo of South Korea...
Some firms already 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...
Other U.S. firms are trying to enter or expand in Asia by forming new joint ventures or buying pieces of debt-burdened local companies. Motorola, for instance, has recently acquired 51% of South Korea's Appeal Telecom. That strengthens its competitive position against giant Samsung...