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President Chun Doo Hwan seems to have lost patience with the growing clamor for democratic reform. Among the first to feel his wrath: Kim Dae Jung, 61, the country's leading dissident, who was placed under house arrest for the ninth time since he returned to Seoul from exile in the U.S. a year ago. Last week government...
...Schwartz '87 of Lowell House and New York, New York, Photography Chairman; M. Jeremy Yamin '87 of Winthrop and New York, New York, Associate Photography Chairman; Anna V. E. Forrester '88 of Adams and St. Louis, Missouri, Assistant Photography Chairman; Wan Joon Kim '87 of Currier House and Seoul, Korea, Assistant Photography Chairman; Jennifer Pitt of Quincy House and Hastings-on-Hudson, New York, Assistant Photography Chairman...
...said Treasury Secretary James Baker last week as he announced an ambitious U.S. scheme to rescue the Third World's floundering debtor countries. His speech was the main event for 9,000 moneymen who gathered in the South Korean capital of Seoul for the annual meeting of the World Bank and the International Monetary Fund. The bankers and Finance Ministers welcomed his message as a breakthrough. For the first time the U.S. is willing to throw its weight behind an effort to solve the dangerous debt problem. Said Pedro-Pablo Kuczynski, a managing director of the First Boston investment firm...
...attitude in Seoul toward Baker's debt-crisis proposal was also positive. Said West German Finance Minister Gerhard Stoltenberg: "This points in the right direction." His French colleague Pierre Beregovoy concurred: "It is an idea whose time has come." Peru, however, objected to the leadership role of the U.S. Said Finance Minister Luis Alva Castro: "We do not accept there being a single country that is subject to no control whatsoever while the countries of the Third World are condemned to hunger." Even so, Brazil's Minister of Finance, Dilson Funaro, whose country is the biggest Latin American debtor, said...
Those rapid-fire developments were part of the background for this week's joint annual meeting of the World Bank and the International Monetary Fund in the South Korean capital of Seoul. The Reagan Administration's take-charge efforts are certain to dominate the four-day-long gathering of the two global financial institutions. Delegates from 149 countries will give the U.S. an early reading on how successful its strategies...