Korea Times (Seoul, Korea)

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

Articles from April 7, 1999

Andong Busy Preparing to Welcome Queen Elizabeth II
History comes alive in this small inland city as it is often referred to as the home of Confucian tradition and aristocratic culture in Korea. Ancient temples and brick pagodas also testify to a past when Buddhist culture flourished in the area....
Assembly Veto of Suh Arrest Heralds Political Big Bang
The National Assembly's veto of the court request for the arrest of Rep. Suh Sang-mok of the opposition Grand National Party (GNP) has caused an extreme shock within the political circle. The defeat in the vote at the Main Hall of the National Assembly...
COEX to Be Equipped with Electronic Payment System
Beginning March 2000, one will not need wallets, cash or even loose change when visiting the COEX (Convention and Exhibition Center) in southern Seoul. All one will need will be a MasterCard and he or she will be set for the day. The new and...
Count Dracula and the Three Kims
There are always many moviegoers who are eager to see such hair-raising films as ``Dracula.'' They seem to enjoy the thrill of seeing blood-sucking vampire pouncing on their prey, often an innocent ``maiden.'' Hidden behind their die-hard enthusiasm...
`Debt Reduction Is Necessary for Chaebol's Survival'
Large conglomerates, or chaebol, will have to reduce their debt-to-equity ratios below the internationally approved level to be more competitive in the international market, said Lee Hun-jai, chairman of the Financial Supervisory Commission (FSC),...
Ex-President's Remarks Stir Up Political Sphere
Former president Kim Young-sam's description of President Kim Dae-jung as a dictator has plunged the political sector into extreme upheaval, inciting mixed responses from both the ruling and opposition parties. Coalition camp insiders interpreted...
Gov't to Remove Obstacles in Export Financing
The government will focus on removing obstacles to export financing in hopes of realizing a $25-billion trade surplus this year, the Ministry of Commerce, Industry and Energy (MOCIE) said yesterday. In the year's second government-industry meeting...
Motion for Arrest of Rep. Suh Voted Down
In the shocking result of the voting showdown at the National Assembly, the motion to permit the arrest of Rep. Suh Sang-mok of the opposition Grand National Party was voted down, thus dealing a crucial setback to the coalition ruling camp. Among...
N.Korean Parliament to Work out Starving State's Budget
North Korea's rubber stamp parliament, the Supreme People's Assembly (SPA), was to start meeting Wednesday for a key session to try to hammer out a budget for the starving state. The meeting will be the first full SPA session since reclusive supreme...
Pan-Gov't Organ Suggested for Balanced Regional Development
The Ministry of Construction and Transportation (MOCT) is seeking to attract more private investment in infrastructural projects and promote balanced regional development by setting up a pan-government organization. The ministry has also been drastically...
Pioneering Venture Firm JTEL Eyes Chinese, U.S. PDA Market
PalmPilot V, a popular digital organizer developed by U.S.-based 3Com, is generating a slew of buzzwords about the so-called ``palm computing.'' But the sleek, pocket-size device has yet to make its debut in Korea. To that end, PalmPilot has to...
Pres. Kim Takes Step towards `Redefining' US Forces
President Kim Dae-jung, noting that North Korea doesn't want to see the withdrawal of U.S. forces from South Korea, has taken the first step toward creating an inter-Korean consensus, or at least an atmosphere for a full-fledged debate on the role...
`Road Map' for S-N Coexistence Unveiled
Since taking the oath of office 14 months ago, President Kim Dae-jung has unveiled, little by little, the basic outline of his ambitious plan to coax North Korea on to the path of reform and openness and lay the groundwork for Seoul and Pyongyang...
Tax Incentives under Review for Credit Card Use
In order to encourage the use of credit cards as a means of making everyday transactions and increasing tax revenues, the government is considering exempting a portion of the income tax owing on the amount spent by cardholders. A senior official...
Tea in Korea; Korean Tea Is Green, Chinese Tea Is Not
In most traditional Korean tea houses, the menu offers a choice between a variety of Korean green teas and Chinese Oolong tea. The green teas are often listed under various poetic names, the most commonly used being Chaksolcha which, you may be told,...
Water-Soluble Pure Chitosan Developed
In a matter of a few years you could be drinking water containing chitosan from your tap while enlisted soldiers dine on cafeteria food laced with the same substance. Chitosan is obtained from Chitin, a substance naturally found in the shells...