Korea Times (Seoul, Korea)

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

Articles from November 23, 2000

2 Mil. Abortions Conducted Annually
A woman waits impatiently for the obstetrician's diagnosis at a hospital. ``Congratulations! You're pregnant.'' The woman is all smiles and phones her husband. He comes back home earlier than usual with his hands full of food for his beloved wife....
6 Banks Request Taxpayers to Inject W7.73 Tril
Six ailing Korean banks have demanded an additional 7.7 trillion won in taxpayers' money to write off problem loans they have extended to troubled corporations. According to sources in the banking sector, the four weak banks -- Hanvit, Peace, Cheju...
Electronics Giants Hyundai, LG Face Cash Flow Problem
Electronics giants Hyundai and LG are facing cash flow problems while the world market downturn chips away at Samsung Electronics' profits. Of the big three -- Samsung Electronics, LG Electronics and Hyundai Electronics Industries -- the one creating...
Energy Conservation No Longer an Option in Korea
Some Koreans, especially those who live in apartments, have the strange habit of running around their homes in shorts in the middle of winter since their homes are heated up enough to make it seem like summer. Gasoline prices have soared to new...
Gov't Plans Economic Stimulus Package
The Ministry of Finance and Economy said yesterday that the government is cautiously reviewing possible measures to stimulate the economy early next year. ``Considering that current economic indicators are positive, investment and consumer spending...
Hwang's Freedom of Expression
Hwang Jang-yop, former secretary of the North Korean ruling Workers' Party, defected to South Korea in 1997 and received a hero's welcome here, and his courageous action was rated as an outstanding diplomatic achievement by the then Kim Young-sam government....
Hyundai Tapped as Submarine Builder
The Defense Ministry said yesterday that it selected Hyundai Heavy Industries Co. as the successful bidder for the KSS-II project to build three sophisticated submarines. ``We selected Hyundai as its financial structure is solid and Hyundai offered...
Korea Welcomes A Taste of Italy
The Italian Culinary Institute for Foreigners (ICIF) preschool officially opened its doors yesterday at a news conference at the Swiss Grand Hotel in Sodaemun-ku region. Those attending the affair were treated to Italian wines and a five- course...
Modern Artist Lee Remembered 50 Years after His Death
``How could you not know the great Lee In-sung?'' This remark fueled a quarrel between two men; one was an artist and the other a policeman. Without warning, the policeman's gun went off by accident, causing the other man to fall to the ground with...
Parties Set to Enact Rural Debt Law
In an unusual move amid political deadlock over the aborted impeachment motion against the two top prosecutors, the ruling and opposition parties yesterday concurred on easing the heavy burden of farmers and fishermen saddled with huge debts. Such...
Political Quagmire Shadows Troubled Economy
South Korea's National Assembly remained paralyzed for a fifth day Tuesday, casting doubt on President Kim Dae-jung's efforts to raise billions of dollars in public funds to help clean up the nation's debt-ridden banks. Kim is pushing to finish...
Presidential Remedy for Economic Woes
Three years ago, Korea faced national bankruptcy. Its foreign reserves had almost dried up and a moratorium on external payment loomed as a certain possibility. In this grim environment, Kim Dae-jung was elected in his fourth attempt to assume...
Private Spending, Investment in Sharp Decline Economy Grows 9.2 Pct. in 3rd Quarter
The Korean economy has continued to look robust, buttressed by sustained exports of electronics and information technology products. But signs of a slowdown are becoming clearer as domestic demand has shrunk drastically and fixed investment has...
Reader's Echo
Getting feedback, both positive and negative, from readers is always a joy for this writer and here is one I can't just pass up but share with you. I decided to quote this particular reader's comment in its entirety because he took the extra effort...
Seoul Protesteds China Envoy's `Inappropriate' Remarks
Seoul has protested against what it sees as ``inappropriate'' remarks by Chinese Ambassador Wu Dawei on such issues as Korea-Taiwan relations and the Dalai Lama's future visit to Korea, Foreign Affairs-Trade Minister Lee Joung-binn said yesterday....
Won's Downward Spiral to Boost Export Ind
The fall of the local currency against the U.S. dollar is likely to give big benefits to export-centered industries such as shipbuilding, semiconductor, electronics and textiles, which will be able to gain competitive edge in overseas markets, a...
Young Married Couples Still Maintain Traditional Lifestyles
The lifestyles of young married couples were found to still follow traditional patterns, with Korean grooms' marriage expenses five times higher than that of their brides, a recent survey showed. These were the results of a survey by Rhee Kee-choon,...