Korea Times (Seoul, Korea)

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

Articles from July 29, 2000

Digital Set-Top Box Industry Growing Rapidly
Riding on the wave of growing popularity worldwide for set-top boxes which enable television viewers to enjoy the Internet, Korean set-top box makers like Samsung Electro-Mechanics, Humax and Dae Ryung are busy meeting the rising overseas demand....
EDITORIAL; Critical Feud within Hyundai Group
Economy-minded people at large remain concerned about the Hyundai business group's inner feuding over the management rights of major enterprises of the nation's largest industrial conglomerate among three sons of Hyundai founder and honorary chairman...
`Falling Stock Prices Not Sign of Downturn in Chip Industry'
Stock prices may be spiraling down but experts believe that the boom in the semiconductor industry is by no means over and should continue through the year 2002. One analyst of Samsung Securities said yesterday that the falling stock prices of semiconductor...
Families in Tears after Confirming Kin in NK - 109-Yr-Old Mother Still Alive
Chang I-yoon abandoned the hope that his mother could be alive in North Korea 0 years ago, and has been performing an ancestral rite for her since then. Assuming that his mother was dead, Chang, 71, hoped to meet his 84-year-old eldest brother,...
FTC's Power to Probe Finance Deals Extended
In order to rev up sluggish corporate restructuring, the government has decided to extend the Fair Trade Commission (FTC)'s temporary authority to investigate financial transactions beyond its expiration date in February. The Financial Supervisory...
Game Makers Knock Greater China Area
Domestic game makers have begun to roll up their sleeves to jump into the greater China area covering China, Taiwan and Singapore that has emerged as a new lucrative market for the relevant concerns. More than 10 game program developers and machinery...
Hyundai Heavy Files Damages Suit against Hyundai Electronics
Hyundai Heavy Industries yesterday filed a suit against Hyundai Electronics Industries, seeking to have its affiliate return $220 million Hyundai Heavy paid to a Canadian lender on its behalf. In a statement, Hyundai Heavy said that the suit is...
Inter-Partisan Standoff Continues in Spite of President Kim's Apology
The inter-partisan standoff continues, in spite of President Kim Dae-jung's apology to the opposition for his Millennium Democratic Party's forcible action on a controversial bill Monday, thus keeping the National Assembly in recess. The main opposition...
Large Cos. Join Hands with Venture Firms to Pound O'seas Mart
Endeavoring to generate the synergistic effects of global networking and high technological power, the nation's large enterprises and venture businesses are seeking to join hands in their bids to advance into overseas markets. The large companies,...
News Focus; Koreans Living Too Busy Lives
``Remember time is money,'' said Benjamin Franklin (1706-1790) in ``Advice to A Young Tradesman''(1748). Sir Walter Scott (1771-1832) said in ``The Fortunes of Nigel (1822),''``Time and tide wait for no man.'' ``But meanwhile it is flying, irretrievable...
North Korea, US Hold First High-Level Talks in Bangkok
North Korean Foreign Minister Paek Nam-sun and U.S. Secretary of State Madeleine Albright yesterday held a historic meeting in Bangkok which will eventually lead to the establishment of diplomatic ties between the former foes. Albright, freed by...
Optimistic Views of Low Inflation Seen Premature: BOK Governor Chon
Bank of Korea governor Chon Chul-hwan yesterday dismissed the optimistic view that like the U.S., the nation's economy could enjoy sustainable growth, coupled with low inflation. In a speech delivered at a CEO seminar held by the Korean Standard...
Politicians Divided on Late Pres. Park CH Memorial Hall Seoul
Politicians of the nation are now divided over the controversial plan of the government to establish a memorial hall for late president Park Chung-hee, near the World Cup Stadium in Sangam-dong, western Seoul, with a budget of 70 billion won. The...
Seoul Perspective; New Regional Order
In 1975, then U.S. Secretary of State, Henry Kissinger, proposed ``cross recognition'' of South and North Korea by major powers of the Eastern and Western camps, respectively, as a means of mitigating tensions on the Korean peninsula. The proposal,...
Shall They Pay Korean Salary Tax?
A westerner has worked for about two years in a Korean manufacturing firm located in the vicinity of Pusan City. He has not been directly paid by the company, but indirectly through an engineering company A incorporated and operating in his own...
Silent Majority in Embattled Hyundai
``Where are the righteous civic groups and lawmakers, have they all gone on summer recess?'' a middle-aged Hyundai Group employee said in frustration. Newspapers report the latest developments on the Hyundai situation on a daily basis, as if providing...
Thoughts of the Times; the Korean Experience -- 3 Years Later
Three years have already past since I left Kimpo Airport for Detroit and then Montreal. Yet soon after the steady consumption of kimchi chige, pibimbap and the visual splendor of Mt. Sorak, I plunged myself into a hellish monk-like existence in an...
US Notifies Seoul of Chief SOFA Negotiator
Deputy Assistant Secretary of Defense for Asian and Pacific Affairs Frederick Smith will lead the U.S. delegation for bilateral negotiations to revise the controversial Status of Forces Agreement (SOFA), set for Aug. 2-3 in Seoul, a Foreign Affairs-Trade...
US to Discuss Environment Issues in SOFA Talks
United States Ambassador to Korea Stephen Bosworth said yesterday that Washington would launch full-fledged discussions on environmental and labor issues in the upcoming negotiations to revise the Status of Forces Agreement (SOFA). Bosworth said...