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...South Korea, golf-club memberships are the ultimate status symbol among the country's newly rich. Limited in number, memberships in the most prestigious clubs trade like prized stocks and often reach hundreds of thousands of dollars. A year ago, the golf membership belonging to Kim Joo Hyong, the chief executive of a small trading firm, was worth $350,000. But as the shockwaves from the U.S. financial meltdown slammed into South Korea in September, Kim nervously watched cash-starved golfers dump their memberships on an Internet site that tracks their value, sending prices plummeting. The country, he became convinced...

Author: /time Magazine | Title: A Depressed Mood | 11/13/2008 | See Source »

...While Key may have started out on Struggle Street, he quickly showed a knack for finding avenues to greener pastures. One afternoon during his mid-teens, he announced to his family that he was taking up golf. "No one we knew played the game," says Cave, "certainly no one in our neighborhood. But he said businessmen played golf and he needed to learn it now so he would be ready...

Author: /time Magazine | Title: Key to the Kingdom | 11/13/2008 | See Source »

...living in Bangui, the Central African Republic's capital, probably isn't high on Thaksin's destination list. After all, the former Thai premier has a fondness for luxury shopping and golf - and has indulged both diversions fully since he was forced from office two years ago. (In a sign that Thaksin may be resigned to a longer exile, he gave up one of his last official connections to his homeland on Tuesday, that of President of the Professional Golfers Association of Thailand.) Loss of pride aside, Thaksin can at least take heart in the august company of others...

Author: /time Magazine | Title: One Self-Exiled Ex-Premier Seeking New Nation, with Fairway | 11/12/2008 | See Source »

...While details of the development still need to be ironed out, Trump now has permission to build two 18-hole championship courses, a five-star hotel, a golf academy, spa, 950 time-share vacation villas and 950 holiday homes that will sell for a minimum of $1 million each...

Author: /time Magazine | Title: Trump to Build Contested Scotland Complex | 11/4/2008 | See Source »

...Click here for pictures of golf in Scotland...

Author: /time Magazine | Title: Trump to Build Contested Scotland Complex | 11/4/2008 | See Source »

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