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...diverse, by spawning start-up enterprises in the technology and service industries. High-tech alone now contributes 15% of GDP, up from less than 8% in 1997. For a quick tour of the new economic landscape, log on to the Internet and check out www.freechal.com. One of the Web portal's hottest products are avatars, digital cartoon characters that stand in for real people in Internet chat rooms. Freechal started charging for avatars last June. Already the company has captured some 110,000 Korean customers who spend an average of about $2.30 a month each on outfits and accessories...

Author: /time Magazine | Title: Veni, Vidi, Gucci | 3/11/2002 | See Source »

Most of the business flameouts of Asia's Internet bust followed a familiar pattern: dotcom forms Web portal. Dotcom raises millions in an overhyped, undercooked public stock offering. Dotcom blows millions trying to get big. Dotcom vanishes in a flurry of unpaid bills...

Author: /time Magazine | Title: Uncle Tom's China | 3/4/2002 | See Source »

...surprising exception has been Tom.com, the Net-age offspring of Hong Kong tycoon Li Ka-shing. When Tom.com went public in February 2000, it looked to be a cynical attempt to cash in on Web fever. The portal had few assets, no track record and a vague business plan. All it offered, really, was the blessing of the legendary Li. For Hong Kong's retail investors, that was enough. They mobbed local banks in hopes of getting their hands on a few shares. If Asia's greatest dealmaker was raising cash, they figured, he was probably going to spend...

Author: /time Magazine | Title: Uncle Tom's China | 3/4/2002 | See Source »

Giscard recognizes the challenge. In a 40-minute speech that modulated from French to English to German and back to French, he conjured up the difficulties of steering the Convention past "the yawning abyss of failure" and through "the narrow portal of success." Rather than a forum for diverging opinions, he called for the Convention "to become the melting pot in which, month by month, a common approach is worked out." Only if that "Convention spirit" is maintained will Giscard arrive at a "broad consensus on a single proposal" with enough force to prevail once the Convention is over...

Author: /time Magazine | Title: How To Build A More Perfect Union | 3/4/2002 | See Source »

Encrypted telnet and a web-based e-mail portal are both part of an effort by Harvard Arts and Sciences Computer Services (HASCS) to increase security and system speed while enhancing off-campus e-mail accessbility...

Author: By Vanessa G. Henke, CONTRIBUTING WRITER | Title: E-mail Innovations To Premier in April | 3/4/2002 | See Source »

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