Business in Korea tends to be done through personal and business contacts rather than on markets with transparent pricing.
Deutsche Bank is facing regulatory charges against its brokerage business in Korea where it is accused of market manipulation.
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"Deutsche Bank was not indicted in this matter and its business operations in Korea are not affected by this decision, " it added.
Ssangyong is the sixth-biggest business in South Korea, with total sales of 25 trillion won and 25 domestic subsidiaries at the end of 1996.
"I think it's too early to say whether it will be successful or not, but initial opinions here aren't favorable, " says Sohn Hyun-duck, economics editor at the Maeil Business Newspaper, Korea's vanguard publication.
And, of course, now that have the FTA ratified by both houses of Congress here, it is now up to the business community of Korea and the United States to fully utilize and take advantage of what is a very good model free trade agreement.
My firm started out representing U.S. companies doing business in Russia or Korea, as well as Russian and Korean companies doing business in the U.S. Fairly soon after that, we were representing Korean-American and Russian-American businesses as well, mostly relating to their transactions with Russia and Korea.
Recent data show chaebol engaged in more than two-thirds of 76 business categories in South Korea.
America also has extensive business ties with South Korea, with South Korean companies exporting many products to the American market.
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And also, ladies and gentlemen, how could we all forget the hard work that has been put in by the members of the business communities of both Korea and the United States.
This is controversial even in business-friendly South Korea.
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Schmidt, who is the highest-profile U.S. business executive to visit North Korea since leader Kim Jong Un took power a year ago, has not spoken publicly about the reasons behind the journey to North Korea.
Mr. KLAUS FRIEDRICH (German Association of Industrial Equipment): We can see it in all volumes that the business of Asian companies - Korea or Japan and specifically in China - increased in the last year in the machinery sector.
It also brokered a pending free-trade deal with Korea, applauded by business groups.
Projects like the Songdo International Business District near Incheon, South Korea, are testing grounds for the latest in green technologies.
Part of one of South Korea's biggest business groups, it plans to go public in January, even though it recognizes the bad timing.
While the domestic portion of IBM's revenues grew just 2% in the last quarter, business in India, China, Korea and other parts of Asia grew 20%.
Hong Won Tak, senior secretary for national security affairs, maintained the incident would not change the country's "sunshine" policy of seeking to engage North Korea or to cultivate business relations with it.
Both candidates have promised to boost social welfare spending, amid rising income inequality and concern over the dominance of big business in the form of South Korea's family-run giant conglomerates, known as chaebol.
The move to clear the name of Lee Kun-hee, one of the nation's most visible business executives, drew criticism from opposition and governance groups that called it an example of the preferential treatment sometimes offered to South Korea's senior business leaders.
Mr. Lee, 67 years old, is widely credited with building up the Samsung conglomerate, one of South Korea's most dominant business groups, or chaebol.
They think South Korea's private-banking business will grow as the government deregulates financial markets.
The pact is enabling Korea to get on with the business of running the economy, rather than spending time managing their debt problem.
South Korea may lead the world in the business of cyber gaming, but the rest of the world is catching up.
Nor was there any mention of Daewoo's scores of overseas subsidiaries, which are often tangled in complicated business and financial relationships that go far beyond South Korea's banks.
Even so, the experience of Korea's online brokers is worrying for the business elsewhere.
Don Southerton is a consultant, marketing strategist, and researcher for top Korean-based corporations with global business, along with major western firms that have ventures in Korea and Asia Pacific.
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So if you find yourself eventually doled a fine worth a figure like 32.5 billion, you'll be crossing your fingers that it's for business in Mexico (pesos) or better yet, South Korea (won).
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