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See Ya, Suckers.(Statistical Data Included)
In a matter of months Taechang's northern adventure went from promising to bewildering. In March last year the South Korean company struck a deal with North Korea to open a mineral-water-bottling factory near scenic Mount Kumgang. The water became an instant hit in South Korea, where signs of a belated cold-war thaw on the Korea Peninsula had created a mania among consumers for anything made by their Korean "brothers" in the North. Taechang had sold about 2,500 tons of bottled water, and was feted as a model for inter-Korean enterprises, when it all fell apart. North Korea asked for a thirtyfold price increase, citing a large difference between the production cost in the ...
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Source: HighBeam Research, See Ya, Suckers.(Statistical Data Included)