Word: korea
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Dates: during 1980-1989
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...Korean peninsula, Moscow remains the Communist North's principal supplier of military aid, including modern MiG-23 warplanes, but the Soviets want to cultivate trade and other ties with South Korea. That is largely why Soviet Olympians will be going for the gold in Seoul this summer rather than staying home. As a result, the U.S.S.R. has an incentive to use its leverage to prevent an attempt by the North to disrupt the Games...
...manufacturers have accepted lower profit margins rather than let their prices rise in proportion to the dollar's fall. Moreover, while the dollar has gone down by more than 40% against the Japanese yen and the West German mark, it has fallen much less against the currencies of South Korea and other newly industrializing countries of Asia, which account for an increasing share of exports...
...widespread protests forced the Democratic Justice Party to accede to election reforms that put its continuation in power at risk. In December, with opposition forces deeply divided, voters kept the incumbent party in office after all, electing Roh Tae Woo, 55, to a five-year term as South Korea's President. Last week the same voters, in a somewhat different mood, presented Roh with a legislature controlled by the opposition...
...South Korean stock market, which plunged nearly 26 points, to 618.73, its largest one-day drop ever. But many South Koreans seemed pleased at the prospect of at last having a counterbalance to one-party rule. Said Han Sung Joo, a political science professor at Seoul's Korea University: "The government will just have to make the necessary concessions." One thing seemed sure to change. Roh has promised to submit his record to an unspecified form of referendum shortly after the Olympics in September. An Assembly vote, once considered a possible vehicle for such a test of approval, no longer...
When Chun Doo Hwan, 57, stepped down as President of South Korea in February, critics charged that he planned to exercise behind-the-scenes control over Roh Tae Woo, his protege and successor. Last week, though, Chun took quite a different step: he surrendered his remaining public posts in connection with a scandal involving his brother, Chun Kyung Hwan, 45, who has been charged with embezzling $9.6 million in national development funds. Declaring that "I have failed to control my brother," Chun resigned as head of a council that advises the President on national affairs, and as honorary president...