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US-S. Korean Economy Rel. #310114

CBS Evening News for Monday, May 05, 1986
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(Studio: Dan Rather) South Korea's growth as industrialized nation noted.

(Lusong, South Korea: Barry Petersen) Implications of South Korean economy growth for relations with United States examined; scenes shown. [Hyundai Motor Company spokesperson N.M. KIM - expects to overtake Japan eventually.] Course of nation's growth reviewed. [Govt. aide Bohn Young KOO - expects incrd. competition with Japan for United States dollars.] Japan's response described.

(NYC: Jane Bryant Quinn) [Japan Econ. Institution spokesperson Jon CHOY - expects incrd. competition with South Korea.] Implications for United States of South Korea's success cited; Hyundai auto. noted example [Analyst Ann KNIGHT - believes Korean cars will be accepted faster by United States consumers than were Japan's.] [PEOPLE - agree.] Percentage of Hyundai owned by Japanese firm mentioned. [CHOY - notes Korea's use of Japanese and United States productive goods for their own manufacturing]

Petersen, Barry;
Quinn, Jane Bryant;
Rather, Dan

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