Word: dae
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...officials had one reason to be optimistic. That same day, in a defeat for the ruling party, longtime South Korean dissident Kim Dae Jung was elected President. Rubin and his guests stayed in contact with the White House through the dinner to coordinate the exact wording of President Clinton's congratulatory phone call that night to newly elected President Kim. Clinton told Kim that he had a brief window of opportunity with no room for false steps. Just to be sure, one participant in the dinner, Treasury official David Lipton, was dispatched to Seoul two days later to measure...
...absolutely against any measures that unilaterally force Koreans to make the biggest sacrifice here," says Kim Young Dae, general secretary of the Korean Confederation of Trade Unions, the country's second largest and most militant labor union. "The people in charge of the chaebols are responsible for this crisis, so why should we pay for their mistakes?" The union has threatened to repeat the strike if the government allows companies to fire workers at will...
SEOUL: Investors continued to flee the South Korean ship Monday, which hardly bodes well for the country's new captain, president-elect Kim Dae Jung. But Kim, who likened his nation to "a man heaving his last breath" while meeting with visiting U.S. Treasury official David Lipton, is not letting the financial crisis scuttle his hopes for a kinder, gentler ? and unified ? Korea...
...plunge driven by more bad news out of Asia: South Korea?s markets dropped 5.1 percent following yesterday?s presidential election victory by Kim Dae-jung, who had previously indicated an intention to renegotiate the IMF bailout ? although he quickly moved to assure the international banking community that he would do its bidding. Investors in Tokyo capped a gloomy week with a sell-off that drove the Nikkei down 5.3 percent, while Hong Kong?s Hang Seng index fell 3.2 percent...
Opposition Takes Seoul Veteran dissident Kim Dae-jung is elected president of South Korea. Will fresh wind save the ailing tiger...