Word: roh
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...Indeed, when Lee is inaugurated next month, he will assume office at a crucial time for the Korean peninsula. In October, outgoing South Korean President Roh Moo Hyun met in Pyongyang with Kim Jong Il, marking just the second inter-Korean summit ever. The North may also be on the brink of a historic peace agreement with the U.S. - one that President George W. Bush, in his last year in office, appears to want desperately in order to shore up his controversial foreign-policy legacy. A deal between Washington and Pyongyang - predicated on the North verifiably giving up its nuclear...
...Wider recognition of the opportunities of North-South cooperation is a victory for Roh, whose national political career will end when he leaves office next month. (South Korean Presidents under the constitution are limited to one five-year term.) In his first years in office, Roh was derided by many in Washington as an apologist for Kim Jong Il. Now, Bush has all but adopted the "Sunshine Policy" by promising Pyongyang a range of diplomatic and economic blandishments in return for the North's nuclear disarmament. Although Pyongyang missed a Dec. 31 deadline to come clean about the full extent...
...Korean-run factories employing 20,000 North Koreans. Lee Im Dong, general manager of the Kaesong Industrial Council, says hundreds of other companies plan to set up plants there when a second phase opens in early 2010. A rush is anticipated in part because, at the October summit between Roh and Kim, the North agreed to key improvements in how Kaesong operates, including swifter customs clearance for goods crossing its border, and better computer and cell-phone communications connections between Seoul and Kaesong factories. The moves were greeted by businessmen as "a signal that [North Korean leaders] really want more...
...responded by saying their candidate had "exaggerated" his involvement with the company in the video, and reiterated that Lee did not found BBK. But despite renewed questions over his possible involvement in the stock scandal, most observers believe a Lee victory is still all but certain. With outgoing President Roh Moo Hyun deeply unpopular because of his perceived failures to create more job opportunities or to combat rising housing prices, Korea's electorate seems more eager for a leader who can revive the economy than one with a pristine track record...
...appointment of a special counsel to investigate charges that Samsung bribed public officials and provided questionable campaign financing during the 2002 presidential elections. The special counsel is also expected to investigate allegations that Samsung Group chairman Lee Kun Hee tried to transfer group ownership to his son, and gave Roh "congratulatory" money when he won the 2002 election. Samsung has denied all of the accusations...