Wal-Mart quitting South Korea In giving up, it follows Carrefour and other global brands From: International Herald Tribune | Date: May 23, 2006| Author: Choe Sang-Hun | . Provided by ProQuest LLC.Copyright information

International Herald Tribune

05-23-2006

Wal-Mart Stores followed Carrefour on Monday in pulling out of South Korea, the latest global brand to flounder in trying to break into one of the world's biggest economies ã with some of the most demanding consumers. Wal-Mart, the largest retailer in the world, said that it had agreed to sell its 16 South Korean outlets to Shinsegae, a local retailer, for $882 millionHaving failed to adjust to the tastes of South Korean cons...

Related newspaper, magazine, and journal articles from HighBeam Research

	Hello, world: South Korea. (trade protectionism is still a problem in South Korea) The Economist (US) ; WHEN Kim Young Sam became president of South Korea in 1992 he announced that globalisation would be a central theme of his administration. South Korean society would become less introverted. The economy would become more open to foreign goods and investment. Foreign businessmen were pleased, but
	Boom? What boom? South Korea: exporting your way out of trouble is harder than you might think.(Brief Article) The Economist (US) ; SEOUL ECONOMICS (and common sense) suggest that a sharply devalued currency, such as South Korea's, should trigger a boom in exports. This is because the prices and costs of producing exports are lower when measured in foreign currencies. Mention this to bosses at Hyundai, the giant South Korean
	Wal-Mart decides to pack it in South Korea loses another big retailer International Herald Tribune ; Choe Sang-Hun International Herald Tribune 05-23-2006 Wal-Mart Stores on Monday became the second global retailer to pull out of South Korea in a month after it agreed to sell all of its South Korean outlets to Shinsegae, a local retailer, for $882 millionWith its failure to adjust to the tastes of
	South Korea steadfast, Troops still will go to Iraq despite citizen's abduction Charleston Daily Mail ; ... Sun-il, 33, an employee of South Korea's Gana General Trading, Co., a supplier for the U.S. military. A South Korean television news station, YTN, said Kim had been in Iraq for about eight months. In the videotape, the kidnappers identified themselves as belonging ...
	Williamsburg, Va., Hosts Southeast U.S.-South Korea Trade Meeting. Knight Ridder/Tribune Business News ; Knight Ridder/Tribune Business News Nov. 10--WILLIAMSBURG, Va.--South Korea ... s officials said. None of that is good news for Virginia, which exports more than ... relationship with Virginia. Companies like Newport News Shipbuilding import from South Korea now ...

See all results.