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CORRECTION: The Oct. 23 news article "Exposing a Flawed Writing Course" incorrectly stated that no tenured professors would serve on the Committee on Writing and Speaking, a group reviewing Harvard's Expository Writing program, for the entire academic year. In fact, Korea Foundation Professor of Korean Literature David McCann will continue to serve on the committee even though he will be on leave this spring...
Deals in the North do have a marked tendency to go south. For example, a Thai telecom's plan to develop a mobile-phone network faltered after Kim's regime banned cell phones in 2004. Kelvin Chia, a Singapore-based lawyer who has worked with North Korean joint ventures since 2004, says many investors were spooked by the country's October 2006 nuclear test and the international fallout. "One of my clients was looking at going ahead with a substantial investment in a mineral-processing project," Chia says. "Before he went in, he had an indication from financiers...
Skeptics, meanwhile, see North Korea's current eagerness for investment as another in Kim's endless series of feints designed to keep his opponents off balance--and the foreign aid handouts flowing so the country stays fed. "The North Korean economic approach has always been to extract resources from outsiders," says Nicholas Eberstadt, a political economist at the American Enterprise Institute and the author of The North Korean Economy. "It's like what they say about champagne: In success, you feel like you deserve it. In failure, you need...
...Korea agreed to dismantle all its nuclear facilities and disclose the scope of its nuclear program by the end of the year in exchange for 950,000 tons of fuel oil or the equivalent in economic aid. And at this month's summit in Pyongyang between Kim and South Korean President Roh Moo Hyun, the two nations agreed to pursue a formal peace treaty to officially end the Korean War and made broad, if vague, plans for increased economic cooperation...
...there are no certainties on the Korean peninsula. Should Pyongyang renege on its promise to dismantle its nuclear program, crippling U.S. sanctions will almost certainly continue. And South Korean presidential elections in December could usher in a new government with a less conciliatory stance toward its deadbeat neighbor. To see just how far North Korea still has to go, you need only visit the Sino-Korean Friendship Bridge linking the booming Chinese metropolis of Dandong with the sooty failed economic zone of Sinuiju. Commerce between the two nations is limited to a trickle of trucks on the bridge's single...