Word: myung
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Dates: during 2000-2009
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That effort will now at least go into abeyance, if only because Pyongyang clearly has no interest in accepting U.S. Secretary of State Hillary Clinton's invitation, issued this week, to return to the six-party talks. South Korean President Lee Myung Bak in Seoul flatly told President Obama earlier this week not to go back to simply trying to bribe the North out of its nuclear program. Japan is more or less in the same place. China, which could inflict considerable economic pain on Pyongyang by cutting off trade and fuel shipments, now must decide whether...
...allies on the same page as far as how to handle Pyongyang. Both Seoul and, to a greater degree, Tokyo are furious at the launch, which comes at a point when relations with North Korea are close to rock bottom for both. South Korean President Lee Myung Bak has junked his predecessor's "sunshine" policy, which showered economic benefits on Pyongyang with few strings attached. That has elicited hostile rhetoric from the North, and a few symbolic acts, like cutting off an inter-Korean military hotline that had been set up. The Japanese, for their part, have been...
...reduce their dependence on exports. Now that need has become urgent. Export-led Asian countries must diversify their economies by promoting domestic consumption, expanding service sectors and strengthening and extending trade links beyond the U.S. and Europe. Some moves are already under way. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the service sector by increasing financial aid to targeted businesses and reducing red tape. Singapore is making strides in attracting biotechnology and private-banking businesses to the city-state...
...tigers are already heading in the right direction. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the services sector by increasing financial assistance to targeted businesses and by reducing red tape. Taiwan President Ma Ying-jeou is undertaking his own deregulation program, with a special focus on Taiwan's biggest trading partner, China. Ma believes that sectors of Taiwan's economy, such as tourism and finance, have been stunted by the island's political standoff with Beijing. (China considers Taiwan a renegade province.) Ma is pushing for an agreement with...
...second audience is the government in Seoul. Since President Lee Myung Bak took office a year ago, South Korea has been far less willing than the preceding administration to send economic aid to the North without movement on the nuclear issue. But the North's anger at this has gotten it nowhere thus far. In fact, Lee just appointed as his Unification Minister a notably hawkish scholar who was one of the architects of the policy that suspended rice and fertilizer aid to the North in lieu of progress on the nuclear issue. So North Korea watchers in Seoul...