Word: korean
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Dates: during 1980-1989
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...latest default could make life more austere in Kim's kingdom. Lawyers representing the creditor banks are already scouting for North Korean assets to seize, including reserves believed to be stashed in bank accounts in Switzerland, Austria, West Germany and elsewhere. There is speculation too that the creditors could try to intercept the shipments of gold, worth about $27 million each, that Pyongyang sells each month through the London bullion market. Juche, in other words, could encompass even harder times ahead...
...Guadalcanal and its mine hunters are expected this week to provide the same service for four fully loaded U.S.-registered tankers waiting in Kuwait to make the perilous trip south. In the U.S., meanwhile, the Navy reactivated eight Korean War-era minesweepers and dispatched them to the gulf. The ships are not expected to arrive for several weeks...
Facing a crowd of labor negotiators last week, Chung Ju Yung shouted the traditional Korean cheer for long life. Mansei! was an appropriate chant for the farm boy turned industrialist. He had just agreed to a settlement that would spark his $14 billion-a-year Hyundai Group back to life...
Plagued by the same labor disputes that have crippled the South Korean economy over the past month, Chung had refused to meet with his employees' newly formed unions and promptly shut down seven of his conglomerate's 24 companies. Among the shuttered enterprises: Hyundai Shipbuilding & Heavy Industries, with 24,000 workers, and Hyundai Motor, with 23,000. More than 60,000 employees in the southeastern city of Ulsan were locked out. Trying to rally near one factory, 20,000 workers clashed with riot police. A day later, 40,000 strikers and supporters staged a twelve-hour demonstration in and around...
Longhofer's operations units racked up some other successes. In 1983, one branch set up a helicopter surveillance project in Korea to monitor North Korean agents crossing the demilitarized zone at night. The same year, they supplied Bushmaster rapid-firing cannons to the CIA, which mounted them on speedboats and used them to blow up a Nicaraguan oil refinery. Also Seaspray transferred some of its special helicopters to the CIA; several Seaspray pilots left the Army and were hired by the CIA as civilian employees. They then flew the choppers in direct attacks on the Sandinistas...