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BUSINESS IN ASIA TODAY - NOV 12, 2003.
AsiaPulse News, November, 2003
Business in Asia on Nov 12, 2003. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
PROSECUTORS ARREST THREE OFFICIALS IN LG IBM BRIBERY PROBE
SEOUL - South Korean prosecutors today arrested three officials for receiving bribes from LG IBM, a joint venture of IBM Corp. The arrest comes after the Seoul district prosecutors raided IBM Korea offices on allegations it paid bribes to government officials and others. LG IBM, which sells personal computers, paid at least 55 million won (US$46,750) to the officials, whose names weren't revealed, according to prosecutors. The men worked for the procurement departments at a broadcasting firm, the navy and KT...
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