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COPYRIGHT 2004 Asia Pulse Pty Ltd
SEOUL, Oct 22 Asia Pulse - Chinese appliance manufacturer Haier's plan to boost its presence in South Korea reached an impasse, since no progress has been made in year-long discussions to sell its goods to Himart Co., the country's biggest electronics store chain, industry sources said Friday.
The world's fourth-largest appliance maker is anxious to strengthen its position in South Korea, but analysts said Haier Group Chief Executive Zhang Ruimin may need more time to make Haier a household name among Korean buyers.
Aside from the stalled negotiations with Himart, low...
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