Word: bak
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Even now Roh remains a thorn in the side of his opponents. His devoted supporters blame the conservative administration of President Lee Myung Bak for driving Roh to his death. Prosecutors were investigating allegations of corruption against Roh (which he denied). For a man who professed to practice "clean" politics, the embarrassment was apparently too much to bear...
...escalated. In late May, Pyongyang earned global condemnation by undertaking a second nuclear test, and now Kim Jong Il may be preparing another test of a long-range missile. Seoul's response to Pyongyang's actions has been unusually tough. After the nuclear test, South Korean President Lee Myung Bak agreed to join a U.S.-led effort to crack down on the proliferation of weapons of mass destruction. North Korea called Lee's decision tantamount to a declaration of war. "Many [South Koreans] now feel that the North has taken it too far," says Yoo Ho Yeol, a professor...
That effort will now at least go into abeyance, if only because Pyongyang clearly has no interest in accepting U.S. Secretary of State Hillary Clinton's invitation, issued this week, to return to the six-party talks. South Korean President Lee Myung Bak in Seoul flatly told President Obama earlier this week not to go back to simply trying to bribe the North out of its nuclear program. Japan is more or less in the same place. China, which could inflict considerable economic pain on Pyongyang by cutting off trade and fuel shipments, now must decide whether...
...allies on the same page as far as how to handle Pyongyang. Both Seoul and, to a greater degree, Tokyo are furious at the launch, which comes at a point when relations with North Korea are close to rock bottom for both. South Korean President Lee Myung Bak has junked his predecessor's "sunshine" policy, which showered economic benefits on Pyongyang with few strings attached. That has elicited hostile rhetoric from the North, and a few symbolic acts, like cutting off an inter-Korean military hotline that had been set up. The Japanese, for their part, have been...
...their dependence on exports. Now that need has become urgent. Export-led Asian countries must diversify their economies by promoting domestic consumption, expanding service sectors and strengthening and extending trade links beyond the U.S. and Europe. Some moves are already under way. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the service sector by increasing financial aid to targeted businesses and reducing red tape. Singapore is making strides in attracting biotechnology and private-banking businesses to the city-state...