Word: choed
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...Cho Se Hyung, the acting president of South Korea's majority party, returned to speak about Korean politics to a packed audience in Yenching Auditorium yesterday, 33 years after he spent a year at Harvard as a Nieman fellow...
...indeed overwhelmed with nostalgia to be back at the Harvard campus," Cho said...
Hosted by the Korea Institute and the East Asian Studies department, Cho's speech explained how his party, the National Congress for New Politics, is responding to the economic crisis in South Korea...
...major reasons why Korea encountered the foreign exchange crisis at the end of 1997 and sought assistance from the IMF was troubled banks," Cho said. "Under the new government, banks will have to close if their performances turn out to be poor...
...Cho said the new administration, the first to be democratically elected in nearly fifty years, is moving closer to free market policies. Banks will be autonomous, rather than under the government's control...