Feeds

South Korea's Kim holds out for DRAM reform

Delivers stern message to family held businesses about corruption

  • alert
  • submit to reddit

SANS - Survey on application security programs

President Kim Dae-Jung has resisted pressure from the largest companies in South Korea. He still wants them to amalgamate their businesses, despite internal pressures. Last week, the federation of chaebols (family-based companies) criticised Kim and his government for attempting to force through changes they didn't want. Especially vociferous were Hyundai and LG. Kim wants them to decide their future semiconductor mergy strategy. Samsung too, has semi fabrication facilities but has so far not been drawn into the bitter argument. Today, President Kim delivered his next year's budget, showing that he would continue to push for de-regulation, and defying the chaebols' stance. That is because the country is also under pressure from the International Monetary Fund (IMF) which is pushing South Korea to deliver on its promises. The South Korean budget added statements saying that it would seek to cut corruption in the country. It will add support to small and medium sized enterprises (SMEs) and the bill for the budget next year is $64.10 billion. According to reports, Kim said: "The government will demand that the top five conglomerates keep their promises to focus on their core businesses". ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'
Prospects for the future, however, please Wall Street money men
What's a right pain in the ASCII for IBM? Its own leech-like hardware biz
Keep your eyes on our cloud while we remove this pesky thing, say execs
Oracle's Larry Ellison has the MOST MASSIVE PACKAGE IN PUBLIC
Billionaire IT baron earns twice as much as the next in line, Disney chief Bob Iger
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.