Word: samsung
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Dates: during 1980-1989
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...will be of the corporate kind, waged among Japan, Korea and the European Community, which is apt to | include Czechoslovakia, Hungary, Poland, what used to be called East Germany, and (as an associate member) what remains of the Soviet Union. Will thriller fans line up for tales of Samsung or Mitsubishi infiltrating Siemens A.G. and being foiled by plucky marketing execs...
...which control manufacture of crucial VCR parts, willing to provide needed components. For another thing, U.S. movie studios opposed the machine. So the company sued 15 Japanese and Korean makers, plus the Hollywood studios, claiming restraint of trade. Several manufacturers have now settled with Go-Video, and Korea's Samsung is tooling up to produce the VCR-2. Meanwhile, Hollywood has modified its opposition because Go-Video agreed to install circuitry that will prevent the VCR-2 from copying movies protected by antitheft coding. Still, moviemakers may see double for a while. Many of the films on store shelves, including...
Independent labor organizers took advantage of the new atmosphere to spark a series of work stoppages that reached new peaks last week. Assembly lines ground to a halt at the electronics giants, Samsung and Lucky-Goldstar. Earlier, Hyundai Motor Co., producer of the popular subcompact Excel, lost $24 million after it failed to ship 6,000 cars. Though the government is leaving the search for solutions to labor and management, it began to move against the violence prone, arresting two workers for destroying an auto-parts factory and three fishermen for wrecking equipment in a Pusan market. Warned Labor Minister...
Three years ago, Goldstar built a plant in Huntsville, Ala., to manufacture color television sets bearing the company's own name. Consumer response was swift and positive. Since 1983, Goldstar's revenues from TV sales have more than tripled, to $100 million in 1985. TV sets with the Samsung label have also become brisk sellers...
...Samsung and Goldstar have recently made equally impressive inroads in the market for videocassette recorders. Five years ago, the Korean companies turned to Japanese manufacturers to provide the necessary technology to make VCRs. In return, the Koreans delayed their entry into the U.S. market until 1985. Their belated arrival in American shopping malls ten months ago has sparked a classic price war. The price of a no-frills VCR has fallen from about $350 to $200. Though Japanese manufacturers have slashed prices to meet the competition, Korean companies may have already won 5% of the American VCR market...