social, economic issues
for increasing national competitiveness
recession period of 80” fiscal crisis
demandof public reform
IMF (Korea)
introduction of market principles - competition
applying private sector management methods to the public sector
it emphasizes the organization's mission, goals and manager's responsibilities
result oriented government - funding
of Korean companies. Since Korean financial market is not that developed andregulations are tight, Korean security companies could not expand their scale. Because of the small scale, Koransecurity companies could not take advantage of the economies of scale and take part in deals of larger scale. For example, when Korea won a contract for UAE nuclear power plant project (40billion USD) last year
and no income transfer between generations that exist in korean pension system. ICA's contributions are not including an employer's contributions that is normally including in social insurances and both salary workers and self-employed person submit 10% of their income. And more contributions can charge that is called VSA(Voluntary Saving Accounts) if they want.
2. Private management about
of costs, because cash flow was not enough.
So they filed for bankruptcy protection from creditors because of unreimbursed power costs that were running at more than 300 million dollar a month.
The financial crisis was possible because of deregulation legislation instituted in 1996 by Governor Pete Wilson (Republican). Enron took advantage of this deregulation and was involved in economic wit
of environment-friendly activity related to transportation in FedEx seems impossible.
Main economic impediment facing FedEx Korea is the economic depression which can cause the dramatic rise in related costs. For instance, the change in oil process can be a crucial economic factor since FedEx is a delivery industry. The oil prices have been rising constantly and in Korea the price has gone ove