As a result, the default rate of six credit card firms averaged 28.28%
at the end of 2003. ( Surge in Bad assets and Liquidity shortages)
And the fiasco generated lots of credit defaulters, shaking Asia’s 4th
largest economy.
Overcoming Fiasco
Government: Increasing regulation in the card issuing market
Companies: Employing strict credit risk management strategies
Consumers:
excess liquidity and bubble economy caused by cheap money policy
-IT bubble collapse and recession caused by 911
-explosive increase of housing loan caused by low interest policy
-ultra low interest → excess liquidity → bubble economy
Sub-prime and collapse of housing bubble
home mortgage raised spending but created consumer debt
housing boom turn into bubble
default on mor
defaulted on the larger part of the public debt totalling no less than $132 billion.
In 2003 Argentina’s unemployment rate soared at nearly 25% and nominal wages dropped lowest
amount for last sixty years. Financial Crisis of Argentina damaged Brazil economy that was closely
connected with Argentina. Besides, the global economic slump resulted from 9.11 troubled Brazil.
3. Analysis
Volkswagen, BMW 등도 생산시설을 확충하는 장기적인 계획을 세운 이상, 중국시장 내의 경쟁에서 살아남으려면 생산 시설 증설은 필수불가결한 선택이라고 생각했다. 또한 생산 시설 증설을 결정한 이후로는 어떻게 해서든지 중국인들에게 아반떼와 소나타로 대표되는 현대의 준중형차를 많이 판매 할 수
Pusan New Port Hinterland
Our team beginning
Pusan new port with JPN’s company
At the Hinterland
◆ Concept of Hinterland
◆ Role & Function
1. Logistics complex
2. Commerce business
3. Processing assembly
4. Venture & study
5. Friendly hydro leisure complex
Government-led Development by PSA
Promote the industry-clustered
Duty-free benefits
Tax-reduction For