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Holding on to a culinary heritage

Though more and more Korean restaurants are opening abroad, the cuisine remains relatively unknown. IVY SOON sampled the best of South Korea's distinctive offerings during a culinary familiarisation tour recently.

Samsung to up market share

SAMSUNG Malaysia Electronics (SME) Sdn Bhd is confident of increasing its share of the local mobile phone market from the current 25% to 28% by the end of the next quarter, said its managing director Kim Jeong-Wook.

Raid on conglomerate as scandal widens

B>SEOUL:/BProsecutors raided the owners of one of South Korea's biggest department stores yesterday, widening a probe into illegal funding that has caused chaos in the country's politics.

Canon, Toshiba link up on new flat TV production

Canon Inc plans to form a joint venture with Toshiba Corp to manufacture next-generation displays for thin televisions before rolling out a new flat-screen TV next year.

Energy efficient motor pact signed

Eight companies from the electric motor manufacturing, supply and import industries in Malaysia signed yesterday an agreement to certify and facilitate local production of high efficiency and energy efficient electric motors.

Foreign banks eye small S. Korean retail lenders

B>SEOUL: /B>International banks, including Citigroup, HSBC Holdings and Standard Chartered (StanChart), are hunting for acquisitions in South Korea#146;s US$424bil consumer banking market, eyeing its growth potential and cheap valuations, analysts say.

Samsung Malaysia sees 2003 sales hitting RM1bil

SAMSUNG Malaysia Electronics Sdn Bhd hopes to achieve sales of US$270mil or more than RM1bil this year, its managing director Kim Jeong-Wook said yesterday.

Sony and BMG merge

The merger of Sony Music and BMG could bring a whole new stable of recording artists to listeners hooked on Sony Corp's electronics, but analysts say the alliance is more about minimising risk than seeking gain.

Contest to pick 33 supporters

Some 33 supporters from all over the country will be going to Ho Chi Minh City in Vietnam to support the Malaysian athletes competing in the 22nd SEA Games from Dec 5-13.

Martin Sorrell and his vision of Asia

Sir Martin Sorrell, head of WPP Group Plc, was in Kuala Lumpur on Tuesday as part of a three-week visit to Asia. How he bought over Wire and Plastics Products (WPP), a maker of wire shopping carts, 18 years ago and turned it into the world's largest advertising and market services group is now textbook stuff taught in business schools. After doing a video conference with analysts in London on the group's third quarter results, Sir Martin sat down with WONG SULONG for an interview.