Word: mok
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While the government has earned praise for ending the Hyundai crises peacefully, it is wary of mediating again -- especially if that leads to financial bailouts. "The less of it, the better for everybody," says Suh Sang Mok of the Korea Development Institute, a government think tank. Intervening in remaining disputes may also be logistically impossible. At one point last week, the Labor Ministry reported that 485 companies were plagued by labor strife...
...Asian debts to become threatening would be a continued escalation of global protectionism. The Pacific countries have long kept many foreign goods out of their markets, and in recent years the U.S. and Europe have increasingly responded with moves to limit everything from imported textiles to cars. Suh Sang-Mok, vice president of the Korea Development Institute, asserted that his country, which has a foreign debt of $48 billion, is being squeezed by the trade policies of the industrialized world...
After managing the slowdown so successfully, the government now feels it has the latitude to increase spending next year by 10%. Board Member Suh Sang Mok, vice president of the Korea Development Institute, predicted that growth will hum along at a 7.3% pace in 1985 and that prices will rise only 2.5%. Said he: "I think our very low inflation rate is becoming more or less permanent...
...Tales from the Secret Annex, a group of stories, fables, essays and reminiscences that she kept in a private journal. Though some of these works were previously published in her native Dutch, they are making their first appearances in hard cover, sympathetically translated by Ralph Manheim and Michel Mok...
...stimulus was so successful that President Chun has decided to cool the economy to prevent inflation, now coasting at an annual rate of 2.3%, from speeding up. The government will hold 1984 spending to 1983 levels. Board Member Suh Sang Mok, a senior researcher at the Korea Development Institute, predicted that, even with the new austerity program, his country would have 8% growth in 1984. He was optimistic about the government's ability to recover from the Burma bombing. "The policymakers who replaced the old Cabinet share the same philosophy," he said, "so our present economic directions will...