Korea Times (Seoul, Korea)

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

Articles from January 17, 2000

Building Houses for Humanity at Home, Abroad
``Before we began the work project, we were Korean, Japanese and Filipino. By the end of the work project, we were one big family.'' For those participating in the Habitat for Humanity's 1999 Jimmy Carter Work Project, Prof. Akiie Ninomaya's words...
Civic Groups Attack Lawmakers over Election Law Revision Bill
Civic groups slammed both ruling and opposition parties for an agreed revision bill on the election law for a lack of reform measures, urging them to introduce another reform draft. Many non-governmental organizations (NGOs) yesterday issued statements...
Deluxe Hotels Hike Room Rates Again
Deluxe hotels in Seoul have increased their room rates in unison over the past couple of months and at the beginning of the year despite criticism that the rates were already very high. According to industry sources, the hike in room rates will...
Editorial; Visit by Chinese Defense Minister
Chinese Defense Minister Chi Haotian arrives in Seoul tomorrow for a five-day visit. It is an epoch-making event in that the visit, the first ever by a Chinese defense chief, will help step up the military relationship between two nations that fought...
Hospitality & Patriotism: Ukrainians Distinctive Features
Ukraine, often said the future breadbasket of Europe, has become Korea's major partner in that part of the globe since the opening of the embassy in November, 1997. Mrs. Iryna Reznik, 49, has been at the scene of efforts to promote her country...
Hyundai Plans to Cut Up to 7 Affiliates
Hyundai Group is planning to cut seven subsidiaries this year, Hyundai officials said yesterday. Of the seven, four -- Inchon Iron and Steel, Hyundai Pipe, Hyundai Energy and Hyundai Petrochemical -- will be either spun off or sold. The 70 percent...
Interest and Inflation Rates to Be Kept Low
The government plans to keep long-term interest rates at a single digit and suppress inflation to under 3 percent for the next three years beginning this year. Two million new jobs will be created to ``virtually'' attain a scenario of complete...
Kia Requests Termination of Court Receivership
Kia Motors yesterday made a formal request to terminate its court receivership, 21 months after going bankrupt under a mountain of debt. ``We have submitted a written request at the Seoul District Court, asking it to allow Kia to exit from court...
Kim Gives Advice to Youth during TV Talk Show
President Kim Dae-jung gave three pieces of advice to the younger generation during a TV appearance yesterday. He told the youth to have a pioneering venture spirit, to become new knowledge-oriented people who must study hard to master English and...
Lehman Brothers Recommens Hanvit, H&CB, KEPCO, Thrunet
Lehman Brothers recommended to its clients shares of Hanvit Bank and Housing & Commercial Bank (H&CB), Korea Electric Power Co. (KEPCO) and an Internet service provider Thrunet as profitable investments. The global investment bank said...
No Strong Rebound Expected for Growth Stocks
Contrary to favorable expectations in January from high hopes for the new millennium and the January effect, the stock market has been surprisingly bearish so far. It seems the initial start of the stock markets which recorded an all-time high was...
Ombudsman Center for Foreigners Paying Off
An ombudsman center operated by the Ministry of Commerce, Industry and Energy and the Korea Trade-Investment Promotion Agency (KOTRA) has begun to pay off. According to a MOCIE report, there have been over 200 complaints filed with the office...
Political Parties Agree to Revise Electoral Reform Bills Again
The political parties have succumbed to pressure from civic groups by agreeing to revise the controversial electoral reform bills under fire for their allegedly anti-reform content. Both the ruling and opposition camps announced yesterday they would...
Pres. Kim Hopes to Permit NGOs to Participate in Politics
President Kim Dae-jung yesterday instructed the ruling National Congress for New Politics (NCNP) to resume negotiations with the opposition to scrap Article 87 of the Election Law banning civic organizations from engaging in campaigning and other political...
Red Light on Trade Surplus
Soaring crude prices on international markets are expected to have a negative effect on domestic inflation, production and the trade surplus. Crude prices hit the $28 per barrel mark for West Texas intermediate last weekend shortly after OPEC decided...
Seoul, Washington Seek to Invite NK Official to DC Next Month
With Seoul and Washington seeking to realize a high-level North Korean official's visit to the United States late next month, South Korea, Japan and the United States are set to hold a three-way consultation meeting immediately after the U.S.-North...
Students Push Plan to Invite Dalai Lama
The Seoul National University student council is pressing ahead with a plan to invite the Dalai Lama, the spiritual and political leader of Tibet's government-in-exile, to Seoul in April. A student council member confirmed the plan yesterday, saying...
Suh Young-Hoon Joins Pres. Kim's New Party
Suh Young-hoon, representative-designate of the embryonic Democratic Party for the New Millennium, yesterday joined the party to lead the ruling camp into for the forthcoming general election. Suh will officially be elected the party's representative...
Top 6 DRAM Makers to Develop New Semiconductors Jointly
By Nho Joon-hun Staff Reporter The world's leading producers of dynamic random access memory (DRAM) chips, including Hyundai Electronics Industries, announced yesterday they will collaborate on the development of next generation DRAM technology....
Two Akkuk Shows Compete for Holiday Audiences
During the Japanese occupation and Korean War, people crowded into the makeshift tent of a traveling troupe after day's work, to laugh and cry as actors played out the story of ill-fated lovers, or a greedy Japanese outwitted by village people. ...