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...governments in the region haven't shown much interest in taking on the harder reforms. As Korea's economy has faltered, President Kim Dae Jung has become more reluctant to let bad companies fail. In Thailand, Prime Minster Thaksin Shinawatra has been playing the victim card with claims that globalization and international banking standards are the causes of his country's woes. He has cut back on incentives for foreign investors and balked at forcing companies to repay their debts. Late last year, Taiwan's President Chen ordered banks to keep lines of credit open to delinquent debtors, a move...

Author: /time Magazine | Title: Sinking Feeling | 7/23/2001 | See Source »

President Kim Dae Jung treasures his reputation as the pro-democracy hero who risked his life?more than once?to end South Korea's long period of military rule, for which he earned the sobriquet of Asia's Nelson Mandela. Kim took office promising to protect Korea's fledgling democracy and its freedoms, including an unharassed media. In a 1998 address, the newly elected Kim stressed the importance of a vibrant, sharp-tongued press: "A President should not wish to hear only sweet words...

Author: /time Magazine | Title: Stomping the Presses | 7/16/2001 | See Source »

...energy proposals, the results have been mixed. The spy-plane incident with China ended well, but in its early stages Bush was unsteady. Breaking off nonproliferation talks with North Korea, he contradicted his own Secretary of State and seemed dismissive of South Korea President Kim Dae Jung's Nobel Peace-prizewinning efforts at reconciliation with the North. Most of all, he infuriated allies across Europe by abruptly announcing that the U.S. would withdraw from the Kyoto Protocol on climate change. Bush had promised a "humble foreign policy," but as far as Europe was concerned, he delivered the opposite...

Author: /time Magazine | Title: Mission to Europe | 6/18/2001 | See Source »

...Clinton allegedly had not: strengthen America's alliances for the vital tasks ahead. So how can one explain Bush adviser Condoleezza Rice's disclosure, even before the inauguration, that the U.S. might pull its troops out of the Balkans? Or the new President's telling South Korean President Kim Dae Jung that the U.S. was not going to continue talks with North Korea, seemingly undermining Seoul's "Sunshine Policy" toward Pyongyang? What about the snub to Europeans and the rest of the world when Washington pronounced the Kyoto Protocol on Climate Change dead? Or the insistent push forward on missile...

Author: /time Magazine | Title: America the Difficult | 5/28/2001 | See Source »

...delegation that he will maintain a ban on missile tests until 2003 and would agree to a second summit with South Korea. The commitments were announced by Swedish Prime Minister Göran Persson, the first Western leader to visit North Korea. In Seoul, South Korean President Kim Dae Jung praised the E.U. delegation for "playing the role of a messenger of peace...

Author: /time Magazine | Title: World Watch | 5/14/2001 | See Source »

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