Korea Times (Seoul, Korea)

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

Articles from November 2, 2000

Clue Found Showing Prominent Figures' Involvement in Scam
The prosecution has supposedly discovered a clue supporting allegations that about 10 prominent figures, including ruling party lawmakers and high-ranking financial regulators, invested their money in several private investment funds managed by Chung...
Financial Sector Suffers Again Due to Ailing Construction Firms
With the two largest construction firms on the brink of bankruptcy, the firms creditors are expected to once again face rough sailing. Hyundai Engineering and Construction made a narrow escape from a loan default, but more uncertainty looms over...
Germany to Urge NK to Become Responsible Int'l Member
German Foreign Minister Joschka Fischer yesterday said that Berlin decided to establish diplomatic ties with North Korea to make contributions to peace and stability on the Korean peninsula and induce Pyongyang to become a responsible member of the...
Gov't Leans toward Court Receivership for Hyundai Construction
The government and creditors yesterday moved a step closer to putting the troubled Hyundai Engineering and Construction under court receivership, concluding that its self-rescue plan is no longer viable. ``Hyundai's self-rescue plan seems implausible,''...
`Hyundai Doesn't Get It'
Hyundai Group has tried to turn a blind eye to what has been long coming. The result was its brush with fate Tuesday when its holding firm, Hyundai Engineering and Construction, narrowly escaped payment default. Despite the episode, the group...
Hyundai to Sell Sosan Farm to Improve Cash Flow
Hyundai Engineering and Construction said yesterday that it will to use its mammoth farm in Sosan as collateral to improve its cash flow in the aftermath of near-default Monday. According to company officials, the farm, whose purpose is limited...
Kim Dae-Jung Appears on NK Commemorative Stamp
For the first time, North Korea has immortalized the image of a South Korean leader on one of its postage stamps, placing President Kim Dae-jung's face on a stamp commemorating the June 13-15 inter-Korean summit, according to a (North) Korea Central...
Medical Students Decide to Keep Boycotting Classes over Reform
Students studying medicine have decided to continue their boycott of classes to protest a medical reform program. They face having to repeat their courses next year due to the boycott. The group of medical college students opposing the government-led...
NGT Battles for Civil Traffic Culture in Korea
In Korea, no one can walk down the side of the street without having to jump out of the way of an oncoming scooter. Food deliverers on scooters weave in and out of traffic, passing on the right and left of cars to avoid waiting at red lights. There...
October Export Hits Record High of $15.6 Bil., Surplus Nears $10 Bil
Exports in October reached a monthly high of $15.6 billion as the trade surplus closed in on the $10 billion mark, the Ministry of Commerce, Industry and Energy said yesterday. Ministry officials said in their monthly report that while exports thrived,...
Opposition Unable to Identify Influence-Peddlers in Venture Scandal
The main opposition Grand National Party (GNP) stepped up its offensive against the suspected corrupt ties between ruling camp officials and a venture businessman, upon the report that they were tied to a private fund set up by Chung Hyun-joon, who...
Peter Eigen; Korea Has Long Way to Go against Corruption
In the 2000 Corruption Perceptions Index (CPI), Korea ranked as 48th out of 90 countries. This means that in the perceptions of business people, the general public and country analysts, the overall situation in Korea was seen open for substantial...
Traditional Lacquer Ware Craft in Need of Advancement
Korean lacquer ware tradition traces its roots back to the pre-Three Kingdom era.``Lacquer ware artifacts have been unearthed from many ancient tombs,''said Kim Cha-bong, 62, who has devoted 46 years of his life to lacquer craftsmanship. The Korean...
Unicorns Batter Bears; Snap Up 2-0 Series Lead
The half full stadium in Suwon was treated to a late inning surge by the home team to nail down Game 2 of the Korean Series by defeating the Doosan Bears 8-2. The Unicorns scored first with a Park Jin-man single to right that brought in two runs...
Web Makes Robot Pets Men's Best Friend
Have you ever wanted to have an intelligent pet that completely caters to all your emotional needs but doesn't possess the drawbacks of most pets? If so, your patience was worth the wait because information technology is on the verge of achieving such...