71. Korean companies said an IMF rescue may accelerate their plans to cut jobs and costs. 72. Korean companies, sitting in the corner, say this is just a way of keeping them from forging out on their own. 73. Korean companies are finding it almost impossible to sell debt, even at home. 74. Koreans and Korean companies will also be allowed to buy residences overseas. 75. Large Korean companies are generally considered undervalued compared with foreign stocks. 76. Kim outlined new rules that permit hostile takeovers of Korean companies. 77. Korean companies faced higher overseas borrowing costs in recent months as several of its biggest industrial groups foundered including Hanbo Group and Sammi Group which went bankrupt. 78. Korean companies said an IMF rescue may only accelerate their plans to cut jobs and costs. 79. Korean companies were competitive because the stronger yen made labor, real estate and shipping costs cheaper, he said. 80. Korean companies, which have long been focused on their home market, also lack the brand names and marketing skills of the Japanese. |