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...Rogue nations. Given his belief in dialogue, Obama has vowed to talk with America's enemies, or at least ideological opponents. In Asia, that means primarily North Korea. Obama should step up direct negotiations with Pyongyang. By talking one-on-one with Kim Jong Il, he would telegraph that the U.S. will no longer outsource North Korea policy - demonstrating to any future North Korean leadership that, if they play nice, Washington will woo them, and to Beijing that, if Kim falls, the U.S. will not stand by and let the North become a Chinese satellite...

Author: /time Magazine | Title: Learning Curve | 11/20/2008 | See Source »

...have a go at North Korean leader Kim Jong Il on his home turf, but these days, a growing number of South Korean activists seem to be pulling it off - meteorological conditions permitting. "We have to wait for the winds to be just right," says Choi Sung Young, who was able to take advantage of rare southerly winds on the peninsula on Thursday to launch nearly a dozen gas-filled balloons, containing thousands of flyers pillorying Kim Jong Il's regime, and watch them float toward the border. (See pictures of The Rise of Kim Jong...

Author: /time Magazine | Title: In the Koreas, the Return of Balloon Diplomacy | 11/20/2008 | See Source »

...Every year since 2003, between two and three million leaflets, inked by activist groups including the Representatives of the Abductees Family Union and North Korean defectors, have reportedly been floated across the border into North Korea. The recent flyers implore North Koreans to fight against Kim Jong Il and condemn his regime. Activists have also been stuffing dollars and Chinese yuan into the balloons, ostensibly to help North Koreans seeking to defect through its border with China. "Of course they've responded negatively because we mentioned Kim Jong Il's health," says Choi...

Author: /time Magazine | Title: In the Koreas, the Return of Balloon Diplomacy | 11/20/2008 | See Source »

...million of those toxic mortgage-backed securities that doomed banks in the U.S., while the central bank was well stocked with $240 billion of hard-currency reserves - more than sufficient, economists believed, to protect the economy from any external shocks. "We didn't need a special spotlight," says Yi Jong Goo, standing commissioner at the Financial Services Commission (FSC), the government agency that oversees the country's finance industry. They got one anyway. International bankers and investors yanked money from emerging markets worldwide. South Korea's banks rely more on external financing than most others in the region. Amid...

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

...Soviet Union in 1956, but the Cold War dragged on for decades. The Philadelphia Orchestra played Beijing in 1973, yet formal relations between the two nations weren't established until 1979. Even if you watch the NYP's Pyongyang adventure in slo-mo, you won't spot Kim Jong Il making nuclear concessions in a balcony suite while seduced by the universal language of music (he didn't attend). But at least you will see, at the concert's close, rows of North Koreans quietly moved by a poignant rendition of Arirang, the Korean folk tune beloved on both sides...

Author: /time Magazine | Title: Making Overtures | 10/23/2008 | See Source »

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