Word: seoul
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Dates: during 1970-1979
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...Taiwan have encouraged local investors to support labor-intensive industries that earn foreign exchange. Two years ago, the lure of higher income prompted Han Chang Soo to quit a secure $120-a-month job with the Korean tax department. He raised $70,000, rented a small plant in Seoul, hired 20 workers, bought some used machinery and began manufacturing large-headed roofing nails; this year his sales-mostly exports to the U.S. -will reach...
...What goes on around the world is a war of brains. We have no choice but to plunge into it for our own survival and future prosperity," says Ahn Young Ok, 43. A $16,000-a-year DuPont engineer in Delaware, Ahn took a pay cut to return to Seoul, where he is now a top official in the Korean Institute of Science and Technology...
...applause swell for past dramas: Ike before worshipful masses in Seoul; Kennedy firm-jawed at the Berlin Wall; L.B.J. staring down Aleksei Kosygin at Glassboro; Nixon clinking glasses in the Great Hall with Chou Enlai, then eating Wheaties in the Kremlin; Ford grinning beneath his fur hat in the snows of Vladivostok with Leonid Brezhnev. Worthy acts. But the world changes...
...Seoul, however, opposes any direct U.S. talks with Pyongyang unless South Koreans are present, and Pyongyang refuses to sit down with the South Koreans. Only last month, moreover, Chinese Foreign Minister Chiao Kuan-hua denounced as "of no avail" Kissinger's own plan for peace: a conference that would include the U.S., China, the two Koreas, and possibly Japan and the Soviet Union. In an interview with TIME last week (see page 35), Kissinger said, however, that he did not think this was absolutely the last word on the subject...
...they might join with the U.S. in case of a North Korean attack on the South. The Japanese do not believe that a peaceful unification of Korea is possible. Forceful unification-meaning conquest by the North-would involve the loss of $1.5 billion in Japanese investments and loans to Seoul, and far more seriously, would be a direct threat to Japanese security...