Korea Times (Seoul, Korea)

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

Articles from November 8, 2000

Amb. Bosworth Calls for Concrete Timetable on Financial Privatization
The U.S. Ambassador to Seoul, Stephen Bosworth, yesterday urged the Korean government to put forward a concrete timetable for the privatization of the financial sector, which is currently part of the government's aggressive effort to overhaul the nation's...
Banking Sector Shake-Up in Offing
Amid all eyes turning to developments regarding deals involving Daewoo Motor and Hyundai Construction, banks are focusing on the results of evaluations conducted on the financial institutions, to be out today. As bank creditors judged certain financially-troubled...
Defense Ministry Urged to Withdraw SAM-X Project
An opposition lawmaker called on the Defense Ministry to withdraw the SAM (Surface to Air Missile)-X project for buying U.S.-made Patriot missile systems, and instead concentrate its efforts on developing long-range missiles. ``The Defense Ministry...
Environmentalists Want More Time to Study Inter-Korean Railway Work
Work on the projects to build a railway and road linking South and North Korea is moving ahead at full steam, but concern is mounting among ecologists assigned to investigate the area, who want the government to put on the brakes. The areas in question...
Hospital Ordered to Pay W30 Mil. in Compensation for Germ Infection
A hospital was yesterday ordered to pay 30 million won in compensation for the family of a baby who was found infected with a germ during his hospitalization right after his birth. The Tongbu (east) branch of the Seoul District Court ruled that...
House Ends 20-Day Inspection of Gov't with Scandalous Issues Still Unresolved
The National Assembly wrapped up its 20-day-long inspection of the government yesterday, and keynote speeches by the heads of floor negotiation groups will commence from tomorrow. President Kim Dae-jung is to deliver a speech today, via Prime Minister...
Human Heart Tissue Produced from Embryonic Stem Cells
A hospital was yesterday ordered to pay 30 million won in compensation to the family of a child who was found infected with a germ during his hospitalization soon after his birth. The Tongbu (east) branch of the Seoul District Court ruled that...
Hyundai's `North Korean' Dream in Danger of Being Puntuated
Hyundai Group has been a corporate leader in trailbalizing economic cooperation with North Korea. Korea's top conglomerate had poured tens of millions of dollars into the North before its group-wide trouble began, and is expected to spend millions...
KT Freetel to Acquire KT M.Com
Korea Telecom Freetel yesterday announced that it decided to merge with Korea Telecom M.com next February. Both companies have mainly provided a personal communication service (PCS), however, KT M.com has shown a strong market influence in wireless...
Mid-Size Cos. Lining Up to Win Hanjung
Mid-size conglomerates like Doosan and Dongbu are lining up in an effort to acquire ownership of Hanjung (Korea Heavy Industries and Construction) which is currently undergoing privatization. At the closing of applications for bidding next month...
Officials, Journalists to Be Questioned over Scandal
The prosecution plans to summon about 10 government officials and journalists suspected of contributing their money to investment funds managed by an arrested venture businessman soon. The prosecution said it has obtained testimonies that there...
Park JW Grilled over `Secret Aid' to NK
The opposition party lawmakers yesterday took issue with the possibility of the Kim Dae-jung administration reaching a secret deal with North Korea as part of its efforts to organize the June 13-15 summit. In particular, those from the opposition...
Role of Cooperatives Accented to Expedite Inter-Korean Ties
The role of cooperatives has further intensified to expedite the inter-Korean cooperation and pave the way for the national reunification from a long-term perspective. Participants in a massive international conference yesterday accented the need...
Serome Tightens Grip on Int'l Phone Service
Serome Technology Inc, the largest free Internet phone service provider in terms of subscribers, on Tuesday bought Hansol Worldphone for 7.3 billion won in order to enter the international telephone service market. Oh Sang-su, president and CEO...
S-N Talks to Address Transparency of Food Aid
South and North Korea will open the second round of working-level economic talks in Pyongyang today to discuss measures to ensure the transparency of food distribution, as well as sign agreements on the protection of investment and avoidance of double...