Word: businessmen
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...Should North Korea shed its pariah status, many South Korean businessmen believe Lee, a former CEO of Hyundai Engineering and Construction, one of South Korea's largest companies, will push aggressively for closer commercial ties, for the simple reason that it makes economic sense. The North is seen by executives as a potential bulwark against Chinese competition because it offers cheap labor, access to relatively untapped natural resources, lower transportation costs, and shared culture and language. "For the South Korean economy, it's a win-win situation," says outgoing Minister of Unification Lee Jae Joung...
...failure to return the lost territories seriously undercut Saakashvili at home. Many began to grumble about his reform not improving their living conditions fast enough. Complaints arose that his macro-reform was adversely affecting ordinary businessmen and traders. A crackdown on the black market in cigarettes and alcohol left thousands of street vendors without jobs. Growing incomes are offset by rising inflation and these reforms have made many Georgians pay tax and utilities bills in full. The government is also dramatically increasing the defense budget instead of raising pensions. The opposition, represented by nine parties, invoked Saakashvili's increasingly authoritarian...
...flight from Caracas, Venezuela. He flew on a charter by Argentina's state oil company. Antonini, who had allegedly fled Argentina for his Key Biscayne, Florida, home, allowed himself to be wiretapped by the FBI and the information he gathered led to the arrest of Venezuelan businessmen Franklin Duran and Carlos Kauffmann. Mulvihill said that Antonini had been offered $2 million by an unnamed party to hide the provenance and the beneficiary of the funds...
...Venezuelan businessmen were arrested on charges of acting on behalf of a foreign government without having registered as agents of that government with U.S. authorities. Hearings in the case started in Miami earlier this week. Mulvihill informed the court on Dec. 12 that "the money was meant for the campaign of Cristina Kirchner. These defendants were instructed to keep the role of Venezuela in the matter quiet...
...ethnic Chinese and Koreans. The aftermath of the 1995 earthquake in Kobe couldn't have been more different. Eager to revitalize a city that was struggling economically even before the massive tremor, the city government began courting Chinese investment. Today, on Kobe's refurbished Port Island, delegations of Chinese businessmen tour a vast technology park where city officials are offering tax breaks in the hopes of creating a new high-tech Chinatown. Chen's company headquarters are already here, as are dozens of other Chinese firms specializing in everything from scrap metal to biotech...