1. Introduction
The word BRICs first appeared in 2003 by Goldman Sachs. It is consisted of Brazil, Russia, India, and China. These four countries were and still are receiving big attention as emerging economies from 1990’s. They commonly have huge territory, population and abundant underground resources. Among them, Russia recently held big sporting events such as World Championship in
Depressed industry
3~4% of annual growth was expected
Shrinking demand due to economic crisis
Trends: Industrial Combination
Market dichotomy
China, CIS countries, Central & South America: Mass market at low price
Japan, EU, etc: High-end goods at high price
Dependence on importing
Structural problem of Korean firms
Price of imported raw material has been
increasing
industries in Korea. For breaking away the title, ‘the poorest country in the world’, the government had prepared to implement ‘5-year Economic Development Plan’. The foundation of POSCO was the first step of the Korean government’s plan to develop the country and foster heavy industries.
The construction of the first manufacturing facilities and furnaces was completed in 1973 and the
II. How is CBM formed
Coalbed methane (CH4) forms in one of two ways. During the earliest stage of coalification (the process that turns plant detritus into coal), biogenic methane is generated as a by-product of bacterial respiration. Aerobic bacteria (those that use oxygen in respiration) first metabolize any free oxygen left in the plant remains and the surrounding sediments. In fresh water
Ⅰ. Overall Analysis
1. About Estée Lauder Company
1) Company History
Estée Lauder is a retail brand of luxurious cosmetics, skincare and fragrance products, and primarily targeting female consumers of age 30 and up. Sold in more than 120 countries and territories, Estée Lauder has a reputation for technologically advanced, high-performance products.
Since Estée