Korea Times (Seoul, Korea)

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

Articles from November 15, 2000

Biz Debts Down, Profitability Up
Companies' reliance on borrowed money and debt ratio turned out to decrease as a whole in the first half of the year as their profitability improved, raising their equity capital. However, a quarter of manufacturing companies failed to fully service...
Corporate Liquidations Adding to Trade Insecurity
The trade surplus which helped to pull the nation quickly out of the economic tailspin started by the 1997-98 financial crisis is showing signs of weakening. The rate of growth in trade for the first two weeks of this month was 16.4 percent compared...
Foreigners' 30 Favorite Tourist Attractions Include Market Places
Open-air market places, entertainment malls and high-rises are the most attractive sightseeing spots for foreigners traveling in Korea. Seoul City yesterday released a list of the 30 most popular attractions among foreign travelers. The list...
GNP Lawmakers Oppose Loose Form of Federation
Opposition lawmakers yesterday voiced vehement opposition to the loose federation system included in the June joint declaration made by the South and North Korean leaders in Pyongyang. On the second day of the National Assembly question session,...
Hyundai Time Bomb Clock Stops
It usually comes down to the choice between red and yellow wires the hero has to cut as the clock ticks fast to the final seconds before detonating the bomb. Even during those tense seconds, he casually banters with the intended victim, gets inspiration...
Inter-Korean Military Contacts Delayed amid Conflict over DMZ Jurisdiction
Inter-Korean military contacts have been delayed as the United Nations Command and North Korea clash over the jurisdiction of the Demilitarized Zone (DMZ), where the inter-Korean railway and highway links are to be restored. Officials from the...
LGE to Push Digital Marketing in N. America
LG Electronics is targeting the marketing of its leading digital products in North America to emerge as the top brand within a few years, the company's CEO said yesterday. Visiting this popular American resort city to attend the Fall Comdex, ...
NK Sees Fierce Competition for College Entrance
South Korea's education system, in many foreigners' eyes, is a subject of wonder bordering on bewilderment. Few would understand the national obsessions with education reforms, college entrance test scores and the staggering amount of money people...
NK's Trade Amounts to $850 Mil. in 1st Half
North Korea's trade amount in the first half of this year stood at $850 million, up 27.6 percent from a year earlier. The reclusive nation's exports and imports reached $268.8 million and $580.9 million, up 16.5 and 33.5 percent year- on-year, respectively,...
`NK, US Close to Exchanging Diplomats'
BANDAR SERI BEGAWAN, BRUNEI ---- President Kim Dae-jung said yesterday that the United States and North Korea are close to exchanging diplomats and agreeing on missile issues. In a meeting with 70 representatives of Korean residents here at the...
OECD Seoul Confab to Focus on Sustainable Development
More than 150 science and technology policymakers and experts from some 40 countries and international organizations are here in Seoul to discuss ways of strengthening global cooperation for sustainable development. Today they will begin the...
President Kim to Stress Harmonious Prosperity between Developing, Developed Countries Today
BANDAR SERI BEGANWAN, BRUNEI ---- President Kim Dae-jung will stress harmonious prosperity between developing and developed countries at the opening session of the eighth annual meeting of the Asia-Pacific Economic Cooperation (APEC). Leaders of...
`Red-Baiting' Remarks Disrupt House Session
``Red-baiting'' remarks by Rep. Kim Yong-kap of the opposition Grand National Party (GNP) caused disruption yesterday, on the second day of the interpellation session. Rep. Kim made the controversial remarks in denouncing the ruling Millennium...
ROK Seeks Free Trade Pacts with New Zealand, Chile
BANDAR SERI BEGAWAN, BRUNEI -- Korea is moving toward free trade agreements (FTAs) with Chile and New Zealand. That consensus was reached here yesterday when President Kim Dae-jung held separate summits with New Zealand Prime Minister Helen Clark...
Two World Renowned Singers to Perform in Seoul
To the delight of local concert-goers, two highly acclaimed stars of the opera world, both known for their exceptional voice and artistry, will take the stage in the coming weeks. The celebrated former New York Metropolitan diva Kathleen Battle...
Unisoft Unveils IMT-2000 Translator
The core technology for the next generation telecommunication service was developed by the LG IMT-2000 consortium and Unisoft Co., a local automatic translation software supplier. The two companies announced yesterday that they jointly developed...
Withholding Taxes on Service Income
A British company entered into a technical service agreement with a Korean company. The British company had no fixed place of business in Korea and dispatched its engineers who stayed about three months, providing technical assistance and inspection...
Zen Meditation Emerges as New Tourist Attraction
At a Buddhist temple in downtown Seoul, a group of about 40 foreigners were riveted to an instructor. After a brief introduction about the technique and principles of Buddhist contemplation or zen, they sat stiffly with their legs crossed and engaged...