Word: seoul
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...want. So far, it's worked pretty well. Pyongyang got the previous President Bush to remove all U.S. nukes from South Korea to grease the 1991 North-South deal for the "denuclearization" of the Korean peninsula. Pyongyang was caught cheating on that understanding?so it threatened to turn Seoul into a "sea of fire," and landed an improved deal from the Clinton Administration (the 1994 Agreed Framework, with free oil and free nuclear reactors in exchange for a freeze on D.P.R.K. nuclear sites). When Kim & Co. seemed to be cheating on the Agreed Framework in 1999, Washington paid...
...haven't partied in Seoul recently, you're in for a pleasant surprise. Nightlife in the Korean capital no longer means mixing only with expats and U.S. Marines in the beer halls of Itaewon or downing soju with soused salarymen in the hotel bar. Seoul's gotten class. For stylish, buzzy entertainment, head to up-and-coming Hong Dae, a bustling quarter of cool lounges, dance clubs, art shops and student cafés in the shadow of Hongik University. Look out for the area's monthly Club Day, where a mere $12 buys you admission to 10 participating dance...
...like your nights a little less frantic, make for Gangnam, Seoul's own Beverly Hills, complete with a 24-hour beauty salon, big-brand shopping and wine bars, of which Chez Joey, tel: (82-2) 555 8926, is one of the smartest. Set up by long-haired owner and sommelier Ahn Joon-buem on his return from Paris, it's an oasis for live music, especially cool jazz. Even the barmen will treat you to impromptu licks on the guitar: the waiting staff are professional musicians earning an extra buck...
Capital cities are magnets of prosperity to provincial folk across Asia, and Seoul is no exception. The metropolis' population now tops 10 million?one-fifth of the entire population of South Korea?and bureaucrats have pondered vainly for years how to keep Seoul from becoming ever more crowded and expensive. The country's politicians think they have the answer...
...deadbeats is unlikely. Most debtors are less than 40 years old, precisely the demographic the Roh administration needs to claim a majority in the National Assembly. Forgiving the debt of youthful voters might swing more of them to Roh's side. Says Jinsang Kim of HSBC Securities in Seoul: "What we have is the carrot without the stick...