Word: koreanness
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Dates: during 1990-1999
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...hahk saeng. With the economic crisis in South Korea, this word for "overseas student"--formerly a positive connotation--has started to acquire distinctly ambiguous overtones for South Korean students at Harvard...
...Labor Democrats and traditional Republicans such as Newt Gingrich are on board, says Carney. "But there's a deepening nativist strain in the GOP, best characterized by someone like Pat Buchanan. They don't like explaining at home why the U.S. is spending billions to bail out some South Korean bank halfway around the world...
SEOUL: Just as it shows signs of stabilizing its leaky financial ship, the South Korean government may be headed for an iceberg. For the past few weeks, South Korea has been propping up its sagging currency by furiously exporting gold donated by Koreans in ring-and-trinket form. But the flood of gold from Korea has actually driven down prices worldwide...
...TIME Wall Street columnist Daniel Kadlec says the Korean solution is dogmatic and potentially doomed. Gold prices have been dropping for more than 10 years. "Seoul may be grasping at the age-old rule, which is buy gold in times of crisis because it's a hedge against inflation," Kadlec says. "But the world has changed. Prices everywhere are dropping; the concern is for de-flation." In a year, the government may open its reserves and find a vault filled with lead...
...misleading to say the crisis this country is facing is wholly due to the structural fragility of Korean economics. Capitalism, with its excessive investments and surplus accumulation of wealth, is the driving force behind the pressing economic uncertainty that all Asian countries, including Japan, are now experiencing. With billions of dollars flying around the world in speculative investments and huge hedge funds, the liberalization of financial and capital markets has directly contributed to the crisis in Korea. But the hardships of Koreans could be trivial compared to what others will soon experience. South Korea will feel a burn, but other...