Feeds

South Korea's Kim holds out for DRAM reform

Delivers stern message to family held businesses about corruption

  • alert
  • submit to reddit

Reducing security risks from open source software

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". ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.