Word: samsung
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Dates: during 1960-1969
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...Best Way. Despite all such uproar, there is little doubt that Lee's Samsung Group of 20 companies, with $55 million in annual sales, has helped South Korea to become an economically viable nation. The 20,000 spindles and 150 looms of Lee's Cheil Wool Textile Industrial Co. Ltd. have not only halved the price of worsted goods for Koreans but have also helped the trade balance by sales to U.S. clothing manufacturers. Lee's sugar refinery at Pusan, started in 1953, provided the nation with a psychological lift because it was built at a time...
...debate in Seoul's National Assembly swirled around a smuggling scandal concerning some 92 tons of saccharin that had been illegally imported from Japan by an arm of the multimillion-dollar Samsung business combine. Charges of government involvement flew from the backbenches; indignant silence wreathed the Cabinet ministers of Premier II Kwon Chung. Then tall, tough Kim Do Han, 49, an independent Assemblyman from Seoul with a reputation as a street brawler, took the rostrum to question the Cabinet. With him he carried a three-gallon can marked "saccharin...