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There isn't much good news from General Motors these days. Its once dominant U.S. market share is slipping. Steel and labor costs are mounting. Profits are evaporating. But there's an unexpected bright spot in Asia: GM's South Korean unit, GM Daewoo Auto & Technology. In 2002, GM and its partners acquired the choicest assets of bankrupt Daewoo Motor for $440 million?and it looked like they overpaid. Daewoo's market share in Korea was shrinking and its factories were running at half their capacity. Union members tried to thwart the deal by rioting around the main factory near...

Author: /time Magazine | Title: Korean Turnaround Tales | 4/18/2005 | See Source »

...South Korean Dissident Leader Kim Dae Jung, it was an all too familiar story. Last week, the day before the New Korea Democratic Party, the government's main opposition, was to open a two-day convention, a Seoul police official arrived at Kim's house and told him to "stay at home." "This is totally illegal," protested Kim, who received a 20-year suspended sentence for a 1980 sedition conviction. Last February, in just the same fashion, Kim was put under house arrest for four weeks after his return from more than two years of self-imposed exile...

Author: /time Magazine | Title: World Notes: Aug. 12, 1985 | 4/18/2005 | See Source »

...mean a prison term of up to three years. The house arrest was lifted hours after the convention ended. Even though Kim is prevented from joining the N.K.D.P., he and fellow Dissident Kim Young Sam together control a majority of party votes. In a defiant gesture aimed at South Korean President Chun Doo Hwan, the N.K.D.P. named both Kims permanent advisers to the party and passed a resolution declaring that it "will do its utmost to eliminate any obstacles" to their membership. AGREEMENTS A Hot Line for Missing Planes...

Author: /time Magazine | Title: World Notes: Aug. 12, 1985 | 4/18/2005 | See Source »

...When Korean Air Lines Flight 007 strayed into Soviet air space in 1983, it was out of radar range of both Japanese and U.S. air-traffic controllers. Soviet controllers could have reported the plane's intrusion by sending a message over their teletypewriter system, which was their only means of contacting their Japanese and American counterparts. They did not. Instead, the Soviet military concluded that the plane was on a spying mission and shot it down, killing all 269 people onboard. To prevent the recurrence of such a tragedy and improve air-traffic communications in the North Pacific, diplomats...

Author: /time Magazine | Title: World Notes: Aug. 12, 1985 | 4/18/2005 | See Source »

Mydans would take many such pictures of the uprooted and crushed: a man carrying the body of his wife through the chaos of an earthquake in Japan, a young Korean mother as she flees the fighting around Seoul, a Vietnamese grandmother during the Tet offensive in Viet Nam. Against these even his sunnier bits of Americana--schoolchildren at play, a general store--seem to be glimpses of an imperiled tranquillity. Even an unemphatic shot of street sweepers clearing the route of a Red Army parade column describes a world where great powers lunge through, leaving lesser souls to deal with...

Author: /time Magazine | Title: Photography: Images of a Dark Century | 4/18/2005 | See Source »

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