Word: bak
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...tigers are already heading in the right direction. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the services sector by increasing financial assistance to targeted businesses and by reducing red tape. Taiwan President Ma Ying-jeou is undertaking his own deregulation program, with a special focus on Taiwan's biggest trading partner, China. Ma believes that sectors of Taiwan's economy, such as tourism and finance, have been stunted by the island's political standoff with Beijing. (China considers Taiwan a renegade province.) Ma is pushing for an agreement with...
...second audience is the government in Seoul. Since President Lee Myung Bak took office a year ago, South Korea has been far less willing than the preceding administration to send economic aid to the North without movement on the nuclear issue. But the North's anger at this has gotten it nowhere thus far. In fact, Lee just appointed as his Unification Minister a notably hawkish scholar who was one of the architects of the policy that suspended rice and fertilizer aid to the North in lieu of progress on the nuclear issue. So North Korea watchers in Seoul...
...each other with insults, denouncing each other's governments on radio broadcasts, loudspeakers across the demilitarized zone and on so-called 'paper bombs' - bundles of leaflets the two countries fired at each other. Then, in 2004, an agreement was reached to end the assaults. But since President Lee Myung Bak took office in February, relations with Pyongyang have again deteriorated. In July, when a South Korean housewife was shot during a trip to North Korea's Mount Geumgang, a symbol of reconciliation, South Korea suspended tours there and hasn't allowed its citizens to visit since...
...ashamed to tell their families they had lost their jobs, donned business suits each morning only to hide out in the mountainside parks around Seoul. Middle-aged women turned over their gold jewelry to the government in a futile attempt to restock its empty coffers. Today, President Lee Myung Bak has called on that same spirit of self-sacrifice to pull the country through the current crisis. At a meeting of his Cabinet in October, Lee said that the public should "join forces with one mind to tide over the trying times...
...become increasingly challenging. South Korea had been one of the biggest bilateral donors of both food and fertilizer for years, but Seoul has given no aid at all this year. Relations between the two Koreas turned icy after the inauguration earlier this year of South Korean President Lee Myung Bak, who reversed a decade of conciliatory police and linked further economic cooperation to the dismantlement of Pyongyang's nuclear program. Lee has said Seoul would continue to provide humanitarian aid, though Seoul's Ministry of Unification says Pyongyang...