Word: kim
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...VICTORIA KIM ’07 of Seoul, South Korea and Winthrop House Senior Editor...
...Olympics might have made Ohno a hero in the U.S., but in South Korea he became a marked man when he was awarded the 1,500-m gold after Kim Dong Sung was disqualified for obstructing his path. (While trying to pass Kim, Ohno made an exasperated gesture that helped draw the referee's eye to the infraction.) Short-track skating is an obsession in Korea, and had Ohno been, say, Italian, his disputed victory might have made him a target of mere outrage. But at the time, tensions with U.S. soldiers based in Korea were escalating, and the undercurrent...
...Davidoff. The report estimates that production from 10 to 12 North Korean factories in the counterfeiting business may total 41 billion cigarettes a year, generating annual revenues of $520 million to $720 million. It's not clear how much of this money flows to the regime of dictator Kim Jong Il, whether in duties or payments "for protection," but the report speculates that its share of the profits may amount to $80 million to $160 million a year. That would be quite a windfall at a time when the North's economy is reeling and the U.S. is trying...
...This adaptability could make it particularly difficult for the U.S. and its allies to stop the North's cigarette exports. But there are clear signs that pressure on Kim's regime is being ratcheted up as the U.S. targets the country's various sources of dubious income. Last September, for example, the U.S. Treasury Department designated Banco Delta Asia in Macau as a "primary money laundering concern" and alleged that it facilitated the North's criminal activities by circulating counterfeit currency (charges the bank denied). And a senior Treasury Department official called on the South Korean government last week...
...David L. Asher, a senior adviser to the U.S. State Department on issues involving North Korea, says the Bush Administration is hoping that hitting Kim financially will force him to embrace reform and trade his nuclear-weapons program for economic aid. On a rare visit to China in January, Kim spent hours inspecting malls and factories, suggesting that he may be contemplating the type of reforms that have transformed China into an economic powerhouse. "I very much doubt he would have done that unless he'd felt under pressure," says Asher. "Maybe he's realized the old game...