Word: jong
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...Elsewhere in Asia, the escalating tension has everybody scrambling to figure out how worried they should be. North Korean despot Kim Jong Il is known for using belligerent histrionics to blackmail his neighbors for the aid he needs to stay in power. He's got the missiles and the million-man army to make threatening gestures credible. The world is keenly aware that the country is a cornered, starving wolf, short of fuel, food and just about everything else. But with a diplomatic solution to the North Korean nuclear crisis still nowhere in sight and Pyongyang stating it is fully...
...route across the DMZ since the end of the Korean War was a poignant, intensely emotional moment for Koreans. Hyundai Asan plans to pour $250 million?for starters?into a planned industrial park and tourist project in Kaesong, a city barely an hour from Seoul. Says Kaesong city councilor Jong Yong Chol: "The U.S. maneuvers against our country are getting more and more severe. But the people of the North and the South see this project as crucial to reunification...
...gloves; in apartment buildings, where elevators are grounded; and in the dimly lit public buildings. Food rations have been cut as appeals by the U.N. have been ignored. Officials say children now receive 300 g a day, down from 500 g. The hope is that North Korean leader Kim Jong Il is merely posturing to get more food and fuel. Yet for ordinary North Koreans, the bluffing may be indistinguishable from reality...
...have been wrong a lot lately (at least publicly) and the last thing Wall Street needs is to get fooled (or get caught fooling us) again. The bears who think stocks are overpriced and that war jitters is just a bad excuse, or that Saddam or Osama or Kim Jong Il has terrible surprises in store may or may not be right, but everybody remembers that they were sure right last time. "There's a lot of pessimists out there, and this time a lot of people are listening," Shepherdson adds. "I'm just not one of them...
...More startling, perhaps, a government watchdog's report last Thursday indicated that the landmark summit between Kim Jong Il and South Korean President Kim Dae Jung may have been bought and paid for by Seoul. President Kim's crowning achievement?his 2000 Nobel Peace Prize?may thus be tainted by charges of checkbook diplomacy. After a three-month investigation, the Board of Audit and Inspection of Korea declared that, just a week before the summit, $332 million was transferred from the state-run Korea Development Bank into Hyundai Merchant Marine, a subsidiary of the Hyundai conglomerate, which has connections...