Korea Times (Seoul, Korea)

English-language newspaper published daily in South Korea that covers politics, society, business, finance, culture, and sports.

Articles from November 3, 2000

Closing Down Week Firms No Longer Option
Closing down uncompetitive companies at the cost of short-term ills is no longer an option if Korea is to avoid a crash landing next year, economic experts warn. ``If companies small or large are not able to generate profits despite such existing...
Economic Downturn Lets Married Women Get Jobs
More married women are working outside the home as part of their efforts to help support their families amid a recent economic downturn. The Korea Labor Administration (KLA) said yesterday that 66,092 women got jobs via job placement offices affiliated...
Hitting the Ball Close to the Pin
The easiest way to get the ball close to the pin is to hit a low, `run' shot, which does not travel much in the air. This shot can be used any time when you have plenty of room to let the ball roll to the flag. During the round, however, you face...
Hyundai on Corporate Fire Sale
When an individual or corporation faces a financial dilemma, it is usual to sell assets at fire-sale prices as a last resort. But often times, prospective buyers often engage in stalling tactics in anticipation of a lower price or sometimes, the...
Hyundai's Chung, Anchorwoman Han Chosen as Most Favored Personalities
Korean college students have selected Hyundai Group founder Chung Ju-yung and SBS TV anchor Han Su-chin as their most favorite role models, according to a recent survey. The finding was based on a survey of 350 male and female students conducted...
Hyundai to Accept Creditors' Demands
Hyundai Group yesterday expressed its willingness to accept the creditors' demand that its founding family cough up to help restore the troubled Hyundai Engineering and Construction. ``We are considering conducting a capital increase for Hyundai...
Online Book Stores, Publishers in War
As the competition between publishers and online bookstores concerning book discount sales has been escalating, online stores are poised to carry on an all-out war against publishers. Industry sources yesterday said that around 200 publishers belonging...
PCS Phones to Become Faithful Watchdogs
It seems that PCS phones will soon be faithful watchdogs for preventing burglaries. LG Telecom and SOK, a security firm specializing in electronic security systems, have formed a strategic alliance for the establishment of remote-controlled security...
Plight of Comfort Women Depicted in Picture Book
A young, defenceless woman with her eyes and mouth wide open is being dragged away from her motherland by a soldier. It is a pitiful scene depicted in a painting titled, ``Stolen Away.'' It is one in a collection of about 90 paintings and drawings...
President Kim Pledges to Enact Human Rights Law
The following is the full of President Kim Dae-jung's congratulatory speech at a reception to celebrate the 50th anniversary of The Korea Times at the Sejong Center for Performing Arts.--E.D. Korea Times chairman Chang Jae-kook and staff, Seoul...
Prosecution Begins Quizzing Investors
Prosecutors have begun questioning people who invested in private investment funds created by Chung Hyun-joon, president of Korea Digital Line, who was arrested last week for borrowing loans illegally from community lending institutions. The identities...
Rep. Kim Hong-Il Dismisses Involvement in Venture Scandal
An opposition lawmaker yesterday claimed President Kim Dae-jung's first son, Rep. Kim Hong-il, and three close aides in the ruling camp, were linked to venture businessman Chung Hyun-joon who is at the center of the loan-bribery scandal. The claims...
ROK Remains Vulnerable to Growing Trade Restriction
Korea has been exposed to increasing anti-import measures taken by both developed and developing countries, despite the need to increase overseas sales as the only way to cope with the looming economic crisis. As of Oct. 23, Korea has been subject...
Sanan Village: Self-Sufficient 44-Member Family Commune
Everybody is happy and relishes the flavor of pollution-free nature. There is nothing about which anybody gets angry or stressed there. It is neither the imaginary Utopia of Thomas More (1478-1535) nor Yuldok country depicted in ``The Story of...
Supersub Lee Plays Role of Puchon's Hero, Again
The Chonbuk Motors can hardly say they didn't see it coming. After the home side eventually gave up trying to make chances for a half-fit Kim Do-hoon, taking the lead through Park Sung-bae, Puchon reacted through the most predictable combination...
Venture Think M&A Panacea to Revival
In order to overcome the overall negative outlook for local dotcom industries, most start-up entrepreneurs expressed their opinion that merger and acquisition is the quickest path to reach moderate growth. According to a survey released yesterday,...