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(Having spent years fattening up its leading companies,South Korea is now forcing the ten lagest chaebols to slim down.The ten largest chacbols were allowed to name three sectors each,the next 20 to name two sectors.They have done so now.Firms which play by the new rules will continue to receive preferential state-backed financing.Those,which flout the rules,will not. The government claims it has three clear aims:to encourage competition and foster small businesses;to wrest power from the old industrial dynasties and hand it over 10 professional manager;and,above all, to stem the“octopus-like growth" of the chaebols into unrelated areas. The chaebols’ spectacular diversification, often driven by dynastic feud as much as commercial sense,has chewed up funds for long-term research and development.Worse,these buying sprees were usually funded by debt-borrowed partly on the assumption that government would not let the conglomerates go bankrupt.The debts of the average chaebol are 3 times as its equity.):In what way did the government require the chaebols to slim down?
(Having spent years fattening up its leading companies,South Korea is now forcing the ten lagest chaebols to slim down.The ten largest chacbols were allowed to name three sectors each,the next 20 to name two sectors.They have done so now.Firms which play by the new rules will continue to receive preferential state-backed financing.Those,which flout the rules,will not. The government claims it has three clear aims:to encourage competition and foster small businesses;to wrest power from the old industrial dynasties and hand it over 10 professional manager;and,above all, to stem the“octopus-like growth" of the chaebols into unrelated areas. The chaebols’ spectacular diversification, often driven by dynastic feud as much as commercial sense,has chewed up funds for long-term research and development.Worse,these buying sprees were usually funded by debt-borrowed partly on the assumption that government would not let the conglomerates go bankrupt.The debts of the average chaebol are 3 times as its equity.):How do you explain the expression“octopus-like growth"?
(Having spent years fattening up its leading companies,South Korea is now forcing the ten lagest chaebols to slim down.The ten largest chacbols were allowed to name three sectors each,the next 20 to name two sectors.They have done so now.Firms which play by the new rules will continue to receive preferential state-backed financing.Those,which flout the rules,will not. The government claims it has three clear aims:to encourage competition and foster small businesses;to wrest power from the old industrial dynasties and hand it over 10 professional manager;and,above all, to stem the“octopus-like growth" of the chaebols into unrelated areas. The chaebols’ spectacular diversification, often driven by dynastic feud as much as commercial sense,has chewed up funds for long-term research and development.Worse,these buying sprees were usually funded by debt-borrowed partly on the assumption that government would not let the conglomerates go bankrupt.The debts of the average chaebol are 3 times as its equity.):How was the chaebols’diversification financially supported?
Korea,once known as the“Hermit Kingdom" ,is plainly on the move. ( )
Japanese manufacturers send their top staff to help out and hand any proprietary know-how needed. ( )
South Korea needs only some degree of sweat and some degree of technological sophistication. ( )
Korea's ambitious plans include a wholesale revamping of the country's basic industries. ( )
Technical literacy is now more widely diffused throughout Japanese business.( )
Businessmen battled with bureaucracy in an effort to fulfill their hopes.( )
Today,the Internet is changing; the way business transactions are conducted. It is empowering both consumers and businesses by providing expanding markets and choices to not only national,but also international communities.It brings more competition in products and prices and it encourages change and improvement,given its ability to provide information and comparative choices. Putting up a website to promote and display products;and attracting online shoppers to look around at the products,however,are only one way of conducting business via the Internet. To realize the true potential of electronic commerce,an effective method of receiving payment for products which are sold or delivered through the Internet is a necessity. This is the focus of current Internet-related research. While it is currently possible to buy things over the Internet,this form of commerce has not yet gained enough popularity. It has great potential. While nobody is certain what the future will bring,we do know that the Internet recognizes no national borders. Electronic commerce is global in nature,so the Internet can't help but dramatically increase international business. The ever-changing technology in electronic commerce and the introduction of new hardware,software,and service technology force businesses to quickly adjust their basic business strategies. Companies who want to participate in the worldwide electronic commerce revolution must adapt their electronic service capabilities and products to the requirements of the electronic commerce marketplace. One result of e-commerce is more competition in products and prices.( )
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