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Korea Times (Seoul, Korea)
English-language newspaper published daily in South Korea that covers politics, society, business, finance, culture, and sports.
Articles from April 4, 1999
Bike Ride across New Millennium
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One man, his bicycle, and the millennium. In a race against time, Everett Briggs is set to ride his bike across 22 countries in Asia, Europe and the Americas across the millennium. Equipped only with a bike custom-made to fit his 194-cm frame, camping...
Cell Phone Carriers Suspected of Fraud
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The nation's five mobile phone carriers are to face punitive action for allegedly fabricating the number of new subscribers gained last month. The companies reported that they attracted a combined total of 2.94 million new cellular phone users last...
'Cooperatives Don't Exist for Welfare of Executives'
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President Kim Dae-jung stressed his resolve Saturday to merge the cooperatives for farmers, fishermen and livestock growers. In an inspection visit to the Agriculture-Forestry Ministry and Maritime Affairs and Fisheries Ministry, the Chief Executive...
Creditors Approve Shindongbang, 3 Subsidiaries for Workout
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Financially-troubled Shindongbang and its three subsidiaries have been approved for a workout by their creditors, possibly opening the way for them to regain financial stability through the deferment of their loans. The creditors, led by Hanvit...
`Cyberspace for Int'l Trade' to Debut in Next March
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A ``cyberspace for international trade'' will be built in March next year for exports and purchase-related deals on the Internet, the Ministry of Commerce, Industry and Energy said yesterday. Timed with the opening of the special Internet site,...
GNP's Lee Weighs US Visit Schedule
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Lee Hoi-chang, president of the opposition Grand National Party (GNP), is weighing appropriate timing for his visit to the United States, which he had postponed last month. A GNP official close to Lee said the party plans to pursue Lee's U.S. visit...
Gov't Poised to Reject Labor Demand on Wage Payments for Union Leaders
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The government stands ready to reject a union demand to repeal a provision banning wage payments to trade union officials who are exclusively devoted to labor affairs, despite a moderate umbrella group's threat to withdraw from the tripartite labor...
IMF More Flexible on Chaebol Debt Ratio
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While the Korean government is using every possible means to force large conglomerates or chaebol to reduce their debt-to-equity ratios below 200 percent, the International Monetary Fund (IMF) remains flexible on this issue. During a two-day seminar...
Jinwoong's Tents Weather IMF Blues
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Behind the image of Korea as a shipbuilding, automotive and semiconductor power lies a surprising fact -- the country is also one of the world's largest manufacturers of sporting goods and equipment. Korea is a global leader in the production of...
Kim Tae-Dong Named Chief Presidential Advisor
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President Kim Dae-jung yesterday appointed Kim Tae-dong as the chief advisor on planning and policy. Chong Wa Dae Spokesman Park Jie-won announced the appointment of Kim as the head of the presidential advisory body, the Commission on Policy and...
Korea Appears to Be of 2 Minds over Russia's Weapons Offer
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Who will blink first? Rescheduling negotiations over $1.7 billion in debt Russia owes Korea has come down to a test of patience of sorts. Now, the question is whether or not Korea will accept Russia's offer amid an increasing ``take or leave...
Korea's GDP Growth 2 Pct This Year: IMF
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The International Monetary Fund (IMF) supports a 2 percent growth forecast for Korea's gross domestic product (GDP) this year, leading to pre-crisis-level growth of over 4 percent by the year 2000. Hubert Neiss, director of the Fund's Asia Pacific...
Local News in Brief
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New Millennium Panel Head Named Professor Lee O-ryong of Ehwa Woman's University has been named chairman of the New Millennium Preparation Committee, which will be set up as a presidential advisory body. Vice Culture-Tourism Minister Shin Hyun-ung...
Mubarak May Arrange S-N Summit
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Egyptian President Mohamed Hosni Mubarak may play a vital role in giving impetus to stalled inter-Korean relations, diplomatic sources here said Saturday. The Egyptian president, who is scheduled to arrive in Seoul Friday for a summit with President...
NCNP Pursues Ahead with Tonggang Dam Const
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The ruling National Congress for New Politics has decided to go ahead with the much-disputed construction of Tonggang (Tong River) Dam as originally planned. Rep. Park Kwang-tae, one of ranking policy makers of the NCNP, said, ``It is desirable...
W6 Trillion to Be Put for Fisheries Reform
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The Ministry of Maritime Affairs and Fisheries is working out a comprehensive plan for the promotion of fisheries industry, featuring a six-trillion won ($4.9 billion) investment by the year 2004. The huge money will be poured to increase the fisheries...
Westerners Capture Choson with Illustrations
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A 90-year-old illustration (Picture 1) depicts a Jeep buzzing through a busy street in Seoul to the extreme fright of the people. Some peddlers hurriedly run away from the road discarding all of their belongings, while others kneel down to the ground...
