Magazine article Business Asia

Korea Domain Name Fetches US$5 Million

Magazine article Business Asia

Korea Domain Name Fetches US$5 Million

Article excerpt

* Seoul -- Cable network-based ISP Thrunet bought the Web domain "korea.com" for US$5 million, the second-highest price in the world after "business.com" was purchased for US$7.5 million last November. Former domain owner Lee Hee-joon, a Korean-American, bought "korea.com" for US$70 in 1995. -- Asia Pulse

* Kuala Lumpur -- Malaysia's vehicle sales probably rose 72 per cent in 1999 to 280,000 units to beat earlier forecasts of a 59 per cent increase, according to the Malaysian Automotive Association. -- Bloomberg

* Seoul -- Foreign investors have started to buy more South Korean corporate bonds after the government's recent announcement that it planned to boost the bond market this year. The Financial Supervisory Service said that from November last year foreign investors made net bond purchases of 351.3 billion won (US$311.7 million) from 23.3 billion won in net-selling in the preceding month. -- Asia Pulse

* Taipei -- Taiwan's Internet services market last year grew 42 per cent to NT$17.2 billion (US$559 million), the Commercial Times reported, citing research by the Market Intelligence Centre. It expects the market will grow by more than 38 per cent between this year and 2002. -- Bloomberg

* Beijing -- Beijing will boost the development of its tertiary industry in 2000 to achieve 136.6 billion yuan (US$16.74 billion) in incremental value, or a growth of 9.2 per cent, accounting for 58 per cent of the city's GDP, according to the Beijing Municipal Planning Commission. …

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