Business Services Industry
South Korea President Courts Foreign Investors.
Knight Ridder/Tribune Business News, February, 1999 by Evening Standard, London
Knight Ridder/Tribune Business News
Feb. 4 -- When South Korean President Kim Dae-jung needed to talk up his country's ailing economy last year, he had himself photographed talking to the likes of financier George Soros and Goldman Sachs chairman Jon Corzine. Even the President's apparently good friend, pop singer Michael Jackson, was on hand, announcing that he would invest $100 million (UKpound 62 million) to build a ski resort in Korea's mountains.
The Jackson ski project may have stalled, along with another proposal for a Korean casino, but both Soros and Goldman Sachs have continued in the front rank as new foreign investors in Seoul. In fact, local businessmen are sometimes reported complaining it is difficult for them to get an interview with...
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