Korea Times (Seoul, Korea)

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

Articles from November 17, 1999

4 Top Chaebol Achieve 80 Pct of Reform Goals
The nation's four top conglomerates have achieved 80 percent of the goals they set for this year, raising a total of 26.8 trillion won to reduce their debts and improve cash flow. In a meeting of economic ministers and creditors, the top business...
Breakthrough Seen in Talks for Seoul's MTCR Membership
With U.S. special advisor for non-proliferation Robert Einhorn set to visit Seoul today, officials here expect that the two countries will reach a breakthrough in bilateral negotiations for South Korea's membership in the Missile Technology Control...
Compaq Computers Offers `NonStop eBusiness' Services
eCommerce, or electronic transactions, is the biggest and fastest changing technology since the creation of PCs, and Compaq Computers, the second largest computer company in the world, is ready to improve it by offering the first ``NonStop eBusiness''...
Convergence of Internet, Multimedia Solutions Take Center Stage at Comdex
At Comdex Fall '99, the world's largest computer hardware and software exhibition, the show-stealing item is the technology that shape the Internet economy. One of the underlying issues is the broadband network which Internet gurus expect will...
CyberPlaza; Internetplaza Pushes for Cyber Community, E-Commerce Hub
The explosive growth of the Internet has spawned a host of new markets and opportunities. When the World Wide Web began to attract computer buffs several years ago, few expected the online addresses ending with dot.com or dot.net users were important....
Editorial; Hurdles to Assembly Normalization
The ruling and opposition parties managed to reach a hard-won agreement on Monday to normalize the two week long stalemated parliamentary operation. But just one day after the breakthrough, the National Assembly was crippled by the flare-up of a potential...
Egypt Renews Offers to Mediate Korean Peace
South Korean Foreign Minister Hong Soon-young welcomed Tuesday an initiative by Egyptian President Hosni Mubarak to mediate peace between North and South Korea. ``I appreciate the initiative of President Mubarak, because President Mubarak carries...
Food for Thought; Casa Agio: A Slice of Sicily in Sonnung
For those of you who feel that eating out is more than the food then we have the place for you. Casa Agio in Sonnung is one of the best places to actually feel like you are dining out in style. Casa Agio has been carefully reproduced from pictures...
Foreign Banks Reject Workout of $5 Bil
In response to the threatening message from local banks, Daewoo Group's foreign creditors rejected the workout of the total $5 billion debts, saying that Seoul has no right to include the liabilities of the group's overseas subsidiaries. Saying...
'Internet Just Another Option for Subscribers, Advertisers'
The Internet is just another option for readers, viewers and advertisers rather than a form of media which has the potential to completely dominate all. In a seminar organized by United Resources Information (URI), Fan Celia, senior research manager...
Korea Exchange Bank to Offer `Staff Loans'
It is now likely that the Korea Exchange Bank (KEB) will offer ``staff loans'' to foreign banks in Seoul. A foreign banker said yesterday that KEB has approached most overseas banks on the staff loan scheme, offering lower rates than other competitors...
Korean F.A. Cup; Choi Yong-Soo Powers Anyang into Semifinals
A goal in either half by Choi Yong-soo sent Anyang through to an F.A. Cup semi-final meeting with Chonan, who ended the Army's interest in this year's tournament, while in the other half of the draw, Ulsan comfortably dismissed Korean Rail and ...
LG Electronics Sees W10.3 Tril. in Turnover, W2.5 Tril in Profits
LG Electronics is looking at 10.3 trillion won in turnover for this year and profits of 2.5 trillion won as its exports surpass 75 percent. LG Electronics vice chairman and CEO Koo Cha-hong said yesterday that the impressive performance made it...
`Millennium Marketing' in Top Gear with Countdown
With 43 days to go until the new millennium, various distributors in Korea are obsessing with their biggest mission yet -- to make the most of the historical moment and rack up sales like never before. The so-called ``millennium marketing,'' a...
NA Begins W92.9 Tril. Budget Deliberation
The National Assembly yesterday began deliberation over the budget for the fiscal year 2000 scaled at 92.9 trillion won (approximately $787 billion). The Assembly Budget Settlement Committee plans to complete deliberations by Nov. 29 and pass the...
News Analysis; Mt. Kumgang Tours Bearing Fruit of `Sunshine' Policy
Tours to Mt. Kumgang, a scenic North Korean mountain on the East Coast, by South Korean tourists have marked their first anniversary. A total of 140,000 tourists, mostly South Koreans, have visited the mountain of three cruise boats since the maiden...
Spirits of Hope, Sacrifice Melted in Art Collection
Last April, a Tokyo-living Korean businessman named Ha Chong-woong donated his private collection of 471 art works to the Kwangju City Art Museum. The list contained hordes of works by international artists such as Pablo Picasso, Andy Warhol and Frank...
Test Section of High-Speed Railway System Confirmed by Foreign Experts
The Korea High Speed Rail Construction Authority (KHRC) said yesterday that foreign railway experts gave good marks to its high-speed railway test section which had been completed recently in the central part of the country. Eleven foreign experts...
Travel; Rich Egyptian Cultural Heritage Awes Tourists
Standing on a stretch of desert near the ancient capital of Egypt, is the world's oldest skyscraper, a manifestation of the human desire to reach out to heaven and eternity. While countless other monuments of civilization perished in the battle against...
USFK Requested Use of Defoliants
The Defense Ministry said yesterday that the use of defoliants near the Demilitarized Zone in the late 1960s was at the request of U.S. Forces Korea. ``After the request was lodged, the South Korean military recognized the need to use defoliants...
Wine Column; Debut of South African Wines
To be a class country for wine, which often goes with many other elements, a country must have unlimited access to wines, new and old, from every continent. This year Korea has made a major move to be among that status because she just succeeded in...