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Wonjin Worldwide already has seven plants in China, but Yoon says further expansion there is unlikely because costs are going up and China doesn't need more investment from foreign companies, which compete with the country's increasingly capable domestic firms. "They needed foreigners for the technology," notes Yoon, "but...

Author: /time Magazine | Title: Prying Open Pyongyang | 1/9/2008 | See Source »

The Man Who Tamed Russia Your selection of Russian President Vladimir Putin as Person of the Year was spot-on [Dec. 31, 2007-Jan. 7, 2008]. Putin may yet become the single most important person of the 21st century. Occupying the largest landmass of any nation, Russia has just begun...

Author: /time Magazine | Title: Inbox | 1/9/2008 | See Source »

With its enormous natural resources and energy wealth, Russia is poised to be the dominant country of the 21st century. Before the surge in oil and gas prices, we all thought China would take that role away from the U.S. Now, with Putin's stabilizing hand, we know it could...

Author: /time Magazine | Title: Inbox | 1/9/2008 | See Source »

Should North Korea shed its pariah status, many South Korean businessmen believe Lee, a former CEO of Hyundai Engineering and Construction, one of South Korea's largest companies, will push aggressively for closer commercial ties, for the simple reason that it makes economic sense. The North is seen by executives...

Author: /time Magazine | Title: Prying Open Pyongyang | 1/9/2008 | See Source »

Vera has since been photographed gazing through the bars at the young cub she can no longer reach. The zookeepers are pondering whether to bring another adult bear, possibly the cub's father, Felix, to the zoo to help Vera overcome her loss, and are seeking another small bear to...

Author: /time Magazine | Title: Germany's Polar Bear Cub Quandary | 1/9/2008 | See Source »

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