Word: koreas
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Dates: during 2000-2009
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While other automakers are closing plants in the U.S., Kia, which is controlled by South Korea's Hyundai Automotive Group, is preparing to open a brand-new assembly plant in West Point, Ga., southwest of Atlanta. The $1.2 billion, 2.2 million-sq.-ft. plant will begin producing Kia vehicles for the retail market next month. Up until now, Kia had imported 100% of its vehicles. (See the 50 worst cars of all time...
...hard on Germany. If North and South Korea were ever to reunite then Germany would be the benchmark of how to do it. Just contrast America 100 years after the end of the Civil War with German progress of the last two decades. Growing up in Pennsylvania in the 1950s, I knew of those North vs. South prejudices and the status of African Americans and other minorities. It was dangerous to travel in certain southern states - just ask any civil rights activist. While Germany has its own racial and immigration problems with sporadic outbreaks of violence, they are nowhere near...
...Crimean War. A few years later, Matthew Brady and his team made their unprecedented record of battlefield deaths and civilian devastation in the Civil War. For most of us, our memories of war in the 20th century are from an image bank of photographs, from D-day to Korea and Vietnam--pictures that not only recorded those wars but also informed the way people felt about them...
Three days after the Reserve Bank of Australia unexpectedly raised interest rates, the monetary policy committee of South Korea's central bank held a meeting. The Oct. 9 gathering was closely followed because the Australian move raised expectations that other central banks would also tighten. Korea held the line. Citing "uncertainty as to the economic growth path," the Bank of Korea kept interest rates at an ultra-low 2%, the result of six rate cuts over the past year...
...Still, it is only a matter of time before Korea follows Australia's lead. So will the People's Bank of China, the Reserve Bank of India, the Reserve Bank of New Zealand, the Monetary Authority of Singapore - and perhaps several months down the road, the European Central Bank. As economies recover and jobless rates fall, most policymakers will raise interest rates to head off the inflation that could result from the massive fiscal stimulus spending launched by governments around the world to combat the global recession. (See pictures of the global financial crisis...