Word: samsung
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Dates: during 1990-1999
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...kickbacks from businesses while in office. Roh admitted that he took money from chaebol, the group of 40 or so huge industrial conglomerates that dominate South Korea's economy, but said that he did not sell his influence to private interests. Roh said he received $32 million from Samsung, the nation's biggest conglomerate, but maintained he could not remember who gave him all the money he received while in office. The trial is expected to rock South Korean politics, not only bringing down some top politicians connected to Roh, but also casting the leaders of the country's largest...
...when that heart-and-mind contact is lacking, the best-laid plans can be upset. Also the best-laid tables. A February business dinner at Spielberg's estate in Pacific Palisades was supposed to cinch the deal with Samsung, whose proposed stake in DreamWorks had grown from $500 million to $900 million as the talks progressed. That night the guest list swelled too, to more than a dozen, and Kate Capshaw, Spielberg's actress wife, had to scurry to a local store for extra table linen. The elegant meal of Chilean sea bass and white wine (except for Katzenberg...
...Samsung side also apparently agreed the timing was not right, though Lee's niece Miky may still be an investor in DreamWorks. Geffen puts the discussion in bolder relief: "They wanted more than we were willing to give them. We didn't want one group to have too much control. We prefer having three 3,000-lb. gorillas in the room with us to one 9,000-lb. gorilla." And Spielberg did in fact learn something from the evening: "I realized that whoever became our equity partners, we needed to communicate in the same language...
...only the first 12 planes will be made in Fort Worth, Texas. The rest will be built in Korea. In fact, unlike all 3,400 F-16s built so far, most of the Korean jets will be built not by a U.S. company but by the Samsung Aerospace Industries. "The Koreans," says Pat Lane, an International Association of Machinists union official, "are going to build a little more of each airplane until they have the capability to build the whole thing from scratch." Lockheed points out that the assembly of the plane's critical black boxes (which contain the electronics...
...year in extra revenues as a result of the trade pacts. U.S. semiconductor companies are turning their attention to South Korean chipmakers, who were accused of dumping memory chips this year. Last month the Commerce Department levied preliminary antidumping duties as high as 87% against three Korean producers: Samsung, Hyundai and Gold Star...