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Laptop Battery Thousands of workers went on strike in South Korea, while China cracked down on corporate corruption.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our business poll too!
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
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Microsoft July 5, 2004 (AXcess News) Hong Kong - Thousands of workers went on strike in South Korea, while China cracked down on corporate corruption.
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Laptop Computers About 40,000 unionized workers at South Korea's top automaker, Hyundai Motor (OTC: HYMLF), went on a two-day strike last week to demand a wage increase of more than 10 percent and better working conditions.Foreign investors say labor unrest is a big deterrent to doing business in South Korea. Jiwon Lim, an economist with investment bank J.P. Morgan, says strikes are common in South Korea, occurring almost every spring and summer.
According to John Krafcik, the vice president of product development and strategic planning of Hyundai Motor America, Hyundai is committed to offering all consumers access to the most sophisticated vehicle safety technologies. For example, we package Electronic Stability Control on more than 70 per cent of the vehicles we sell, and Hyundai models consistently receive high marks for crashworthiness. Krafcik even adds that with the Mobility Program, drivers who have special physical needs will find things much easier when they purchase vehicles. They also would be finding a good combination of convenience, comfort and safety with Hyundai vehicles.
Laptop Computer Ms. Lim warns, however, that the tendency of companies to give in to union demands could hurt the country's economy in the long run. "If the labor strike and negotiation outcome is labor-friendly..., the competitiveness of Korea will be eroded."
Calling South Korea Long Distance What time will it be when you call South Korea South Korea operates in South Korea Standard Time, which is 9 hours ahead of Greenwich Mean Time and 14 hours ahead of Eastern Standard Time (EST). Keep in mind that South Korea does not participate in Daylight Saving Time so, March to early November, South Korea is 13 hours ahead of EST. When calling South Korea, dial the country calling code, 82, followed by the area code and subscriber number. The area code for Seoul is 1 digit, while the area codes for all other cities are 2 digits. 7 digits. The total number of digits in the area code and subscriber number combined is always 8. For example, for a call to Seoul, use the city%š area code of 2, digit subscriber number. For a call to Pohang, use the area code 54, digit subscriber number. Check out our list of major city codes here.
Desktop Computer Other companies in South Korea, including automaker Kia and top lender Koram Bank, also saw their workers strike last week.
Notebooks South Korea's current account surplus hit a six-year high of almost $4 billion in May, up from just over $1 billion in April.AdvertisementThe growth came from exports of semiconductors and telecommunication devices. The current account measures trade in goods and services.
Lenovo The fall-out is continuing in one of China's largest-ever corporate failures. A court sentenced the former general manager of bankrupt Guangdong International Trust and Investment, or GITIC, to 14 years in prison. Huang Yantian was found guilty of fraud and illegal investments that contributed to the trust's collapse.
Hard Drive GITIC's demise in the late 1990s was the first of many breakdowns in China's investment industry. Its collapse prompted reforms in corporate governance and risk management, but fraud and corruption in Chinese corporations are still frequently reported.Southwest China's Sichuan Province will spend nearly $9 billion by 2005 to build new power generating plants in response to soaring demand for electricity.The number of visitors to Singapore soared almost fourfold in May from the same month last year to nearly 700,000. It is a signal that the city-state's tourism sector has recovered from the outbreak of Severe Acute Respiratory Syndrome last year, which devastated tourism in Asia. Tourism accounts for about six percent of Singapore's $93 billion gross domestic product.Source: Voice of America
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