Separating The Kittens From The TigersBy
The rise of the yen has brought nothing but good news to LG Electronics Co. Since the start of the year, the South Korean manufacturer of VCRs, televisions, microwave ovens, and other consumer goods has seen exports to Japan soar as the yen rises to record levels against the Korean won as well as the U.S. dollar. The company now anticipates its Japanese exports, which totaled some $278 million in 1994, to grow 56% this year. "We expect to make large profits if the yen stays where it is today," says Kim Young-June, executive vice-president at LG Electronics.
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