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Samsung’s Dominance and the Economy of South Korea

It isn’t hard to argue that South Korean chaebol Samsung is a dominant force in electronics: In spite of litigation with US-based giant Apple, Samsung’s annual operating profit was 85.8% higher in 2012 than in 2011 with record sales of smart phone handsets making Samsung’s market capitalization equal to the next 9 Korean companies underneath it combined. Nonetheless, […]

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Finland asked Greece for collateral, other Euro states miffed.

Euro Group President Jean-Claude Juncker is upset with the bilateral agreement between EU states Greece and Finland with regards to Finland’s request for collateral in the 109 billion euro bailout agreement. Bilateral agreements within the EU are particularly irksome when the other members who contributed to the bailout requested nor received any such concessions. Junckler […]

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