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South Koreans cram for dream jobs at Samsung

By Ju-min Park BUSAN, South Korea (Reuters) - In a cram school in the South Korean port city of Busan, 70 college students packed into a classroom, chanting "We can do it!" as they studied for an exam they hope will guarantee them a job for life with Samsung Group. The promise of Samsung, whose sprawling business empire spans consumer electronics to ships, offers not only a good salary and benefits but also holds the key to a good marriage in this Asian country where Confucian traditions run deep.

Samsung C&T-acquisition

SEOUL, March 19 (Yonhap) -- Samsung C&T Corp., a South Korean trading and construction company, said Tuesday that it has acquired Whessoe Projects, a British gas and oil storage tank manufacturer. Samsung C&T took over Whessoe Projects, which has been based in Darlington since 1790, in an effort to secure a new growth engine and expand its presence in overseas markets, the company said in a statement. Samsung C&T did not disclose the value of the deal, but it is estimated at 20 billion won (US$18 million), according to industry sources.
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