Word: telecoms
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...being a pioneer. And it has paid off: when NTT DoCoMo's president, Keiji Tachikawa, 64, steps down, Tsuda is expected to succeed him. "Tsuda has a good sense of balance between technology and marketing, and he has the confidence of his co-workers," says Shinji Moriyuki, senior telecom analyst at Daiwa Research Institute in Tokyo...
...built apartment blocks. He brings that hands-on spirit to Cheung Kong and sister company Hutchison Whampoa. In addition to property, Hong Kong's biggest conglomerate controls third-generation mobile-phone networks in Europe as well as the world's largest port operation. In Hong Kong, the Lis run telecom networks, supermarkets and pharmacies. Victor also won control of bankrupt Air Canada last month with a $490 million investment...
...office at the Cheung Kong Center, while his father, on the 70th floor, guides strategy. Some investors wonder if the relatively unknown Li can effectively succeed his father, 75, whose net worth Forbes estimates at $7.8 billion. Still, it is widely assumed that Li--and not his younger brother, telecom tycoon Richard Li--is next in line. Victor avoids the issue but notes how much he's like Dad. "We almost always arrive at similar conclusions," he says. That may be a result of close tutoring. Father and son share a house--Victor, his wife and three daughters...
...indictment obtained by Time, an influential businessman named Lee Young Roh visited a posh sashimi restaurant in the port city of Pusan on Dec. 19 (the day of the presidential elections). There, he allegedly held a secret dinner meeting with Sohn Gil Seung, CEO of the SK oil and telecom conglomerate. The businessman told the SK chief he should contribute nearly a million dollars to help repay Roh's presidential campaign debts, prosecutors allege. In return, Lee Young Roh promised, SK would get help from the new administration if the company "faced any problems," according to the indictment. During...
...credit card at a cash register to pay for a burger and fries or a new winter coat is still largely a futuristic notion in the U.S. and Europe. Yet parts of Asia are making serious strides toward mobile finance as a fully functional reality. In Japan, telecom NTT DoCoMo and financial firms Nippon Shinpan and Visa International are rolling out the second test phase of an infrared-enabled payment system, which will include 1,000 merchants and 10,000 consumers. Peddlers of the technology have gained an even greater foothold in South Korea, a cell phone--obsessed society...