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...certainly isn't laughing. Samsung has the second most recognizable consumer-electronics brand in the world, according to Interbrand, the New York City-based consultancy. Idei has said privately that Samsung is on the verge of overtaking Sony in the consumer-products race. Graeme Bateman, head of research in Seoul for Japanese investment bank Nomura Securities, says Samsung is "no longer making poor equivalents of Sony products. It is making things people want...

Author: /time Magazine | Title: Samsung Moves Upmarket | 3/25/2002 | See Source »

...Yong, an avid disciple of American management gurus like Jack Welch, the electronics company laid off a third of its work force, or about 30,000 people, slashed costs and dropped sideline businesses like pagers and electric coffeepots. Yun recruited top managers and engineers from the U.S. Back in Seoul, recruits were put through a four-week boot camp in which they were awakened before 6 a.m. every day to martial anthems extolling the virtues of being a Samsung man. Marathon mountain hikes were part of the drill...

Author: /time Magazine | Title: Samsung Moves Upmarket | 3/25/2002 | See Source »

...certainly isn't laughing. Samsung has the second most recognizable consumer-electronics brand in the world, according to Interbrand, the New York City-based consultancy. Idei has said privately that Samsung is on the verge of overtaking Sony in the consumer-products race. Graeme Bateman, head of research in Seoul for Japanese investment bank Nomura Securities, says Samsung is "no longer making poor equivalents of Sony products. It is making things people want...

Author: /time Magazine | Title: Samsung Moves Upmarket | 3/25/2002 | See Source »

...general populace seems to agree, and patience is wearing thin. "The public thinks unions are just interest groups acting at the cost of public welfare," says Nam Sung Il, a labor expert at Sogang University in Seoul. Activists appear to have worn out their welcome at Myeongdong Cathedral too. Says associate pastor Lee Jun Sung: "The church shouldn't be exploited as an arena for this kind of fight," adding: "These people just barged in." To drive the point home, the church has cut off electricity to the cathedral...

Author: /time Magazine | Title: Changing Times | 3/11/2002 | See Source »

...graduate of Seoul National University, Ryou might have opted for a more traditional job in a big conglomerate. (Her parents wanted her to be a doctor or lawyer.) Instead she spends her days wandering shops and department stores, flipping through magazines and checking out popular TV dramas for the latest fashion trends to bring to the Internet. Her parents still don't get it. They often ask her: "Why would anyone pay for this?" Don't worry folks: pay they do. And Korea's ahead of the rest of cyberspace in finding new ways of making money...

Author: /time Magazine | Title: E-commerce | 3/11/2002 | See Source »

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