Ⅲ. Advantages of Entry into Hungary
1. The Benefits of a Tax System
The corporate tax rate in Hungary (about 18%) is one of the lowest one in Europe. Moreover, according to the entry of Hungary to European Union on May 2004, Hungary wants to strengthen the competitiveness against other Eastern European countries, so it will lower the corporate tax by 2% in the next year. If this happens, th
General Information of the Company
· HK Tire Corporation
1. HK?
- Involves 2 Korean companies : HanKook and KumHo
2. Two companies invested equally
Why did they make HK?
(Chart)
Why did they make HK? (2)
(graph)
Ⅲ. Law of Treaties
1. Applicability of Vienna Convention of the Law of Treaties
The first issue they argued about was whether Vienna Convention of the Law of Treaties(hereinafter VCLT) was applied to 1977 treaty. Hungary insisted VCLT was not applicable because both parties ratified it later than 1977. Corresponding to Hungary’s argument, Slovakia said that VCLT reflected a customary la
GE는 시장투자(자본평가)부문에서 세계 최대의 회사다. 1989년부터 2002년 사이에 GE는 10억$을 Tungsram과 공정부문에 투자해서 그것의 지분을100% 획득했다. 1896년에 헝가리에 설립된 Tungsram은 세계에서 가장 오래된 조명 회사 중 하나다. GE의 Tungsram의 지분획득과 다른것들의 획득으로 GE는 세계 최대의 조명
High uncertainty avoidance
At 85 South Korea is one of the most uncertainty avoiding countries in the world. Countries exhibiting high uncertainty avoidance maintain rigid codes of belief and behavior and are intolerant of unorthodox behavior and ideas. In these cultures there is an emotional need for rules (even if the rules never seem to work) time is money, people have an inner urge