Word: bak
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...Having failed to save it, Seoul is planning to restore the monument as quickly as possible: an official at the Cultural Heritage Administration told media it would take about three years and $21 million to rebuild the gate. President-elect Lee Myung Bak has proposed that citizens kick in money for the construction. But until the Namdaemun Gate is rebuilt, its blackened pedestal will remain a reminder of the fragility of Korea's architectural legacy - and a litmus test of just how serious the 5,000-year-old culture is about preserving its remaining historical landmarks...
...themselves." North Korea, on the other hand, is virgin economic territory desperate for capital. "They need to repair the railroads and roads, as well as container berths at the port. And power is the really big issue." This, says Yoon, is where the South Korean government under Lee Myung Bak could come in. "We've had discussions with the government; the investment needed [for infrastructure] is of the size that only with government involvement could it be done...
...opened between Seoul and the Kaesong Industrial Complex across the DMZ in the North, and work continues on a variety of other infrastructure projects, including extending the rail line all the way to the North's border with China. Not even South Korea's newly elected President Lee Myung Bak, a political hard-liner when it comes to dealing with Pyongyang, seems willing to break the increasingly warm embrace. "If North Korea opens up, and proceeds to dismantle its nuclear program, the South Korean government can increase and deepen its economic cooperation with the North,'' says...
...Kaesong, the Roh government is also pushing an ambitious plan to create a second special economic zone (SEZ) in and around the West Sea port city of Haeju. One idea floated was to build a man-made island to house factories in the West Sea. But Lee Myung Bak's transition team has all but ruled out any quick movement on a West Sea project, mainly because the geopolitics of the region are still deeply contentious. The maritime border between the two countries is contested - the North and South Korean navies have skirmished several times in the region, most recently...
...dramatic events in the eleventh hour, and this presidential election is proving to be no different. On Monday, just two days before the Dec. 19 polls, Korea's parliament, the National Assembly, approved a plan to open an investigation into allegations of fraud against presidential front-runner Lee Myung Bak. The Assembly greenlighted the probe after a video surfaced over the weekend of a lecture Lee gave in 2000, in which he claimed that he set up Korean investment firm BBK, a connection he had previously denied. Kim Kyung Joon, the head of the company and Lee's business partner...