Word: samsung
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...catering joints. The definition of what's respectable in South Korea has changed fast since economic collapse punched a hole in the Korean Dream. When the country was vaulting to economic success, parents aspired to get their sons into white-collar jobs at giant chaebol, or conglomerates, like Samsung. A year of life under the yoke of a humiliating $58 billion bailout from the International Monetary Fund has crushed all that. A bright horizon of lifetime jobs and seemingly nonstop growth has suddenly dimmed. In its place: soaring unemployment, a more competitive role in the global economy and diminished expectations...
After five years as a construction site manager at Samsung, Chung Hwan Oak was more used to giving orders than taking them. So making sales calls for his new catering business turned out to be particularly hard on his pride. After bowing deeply, Chung, 49, would pitch his hot-pot lunches -- steaming vegetables seasoned with shrimps and fiery pepper sauce -- then explain how he'd lost his job at the giant conglomerate. Often people just slammed the door in his face. Those who listened didn't offer him a chair. The frosty treatment stung, but Chung knew what was behind...
...digital videodiscs look even better. Many of the hundreds of movies available on DVD are encoded with the boxy TV version on one side and the original theatrical wide version on the other. So a wide-screen set that's ready for HDTV is also ready for DVD. A Samsung DVD player plugged into my Panasonic HDTV splayed the train wreck in The Fugitive gloriously across the full wide screen...
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...
Such smart machines were among the hottest items unveiled last week at the computer industry's vast Comdex trade show in Las Vegas. Want a phone with a screen and pull-out keyboard that lets you surf the Internet? Samsung's Web Video Phone will hit stores in late February with a price somewhere south of $1,000. For those who'd like a touch-sensitive tablet that receives e-mail, news and weather, Global Converging Technologies will roll out its Cendis Net Display next summer for about $500. Philips' Ambi system, due out in February for $500, will turn...