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Stephen Bosworth, the diplomat President Barack Obama appointed to the thankless task of trying to persuade North Korea to give up its nuclear-weapons program, got quite a reception when he arrived on his first official visit to Seoul this week. The North Korean government in Pyongyang shut down the last military communication line between the two countries on the divided peninsula, temporarily halted all transit to and from a special industrial zone just north of the border and declared that if the U.S. or Japan should try to shoot down a long-range missile the North is expected...
...United States has responded to North Korea’s latest moves with extremely diplomatic, cautious expressions of concern. Secretary of State Hillary Clinton called for North Korea to end its threats during a trip to the South Korean capital, Seoul, in late February. And after North Korea’s latest threats, the State Department’s special envoy on North Korea, Stephen Bosworth, has taken his turn, calling the threats unproductive, especially as the United States was willing to reach out to the North Koreans and continue to build relations. These relations would presumably start with...
...over 140 vendors, all carefully vetted for quality and variety of product. With the exception of cooked-food vendors, everyone is required to offer something unique: for instance, there can only be one wine stall, one florist and one frozen-yoghurt stand. (See 10 things to do in Seoul...
...Japan's Nikkei fell to a near 26-year low before rebounding and closing down just 0.7% on Tuesday. Hong Kong's Hang Seng retreated 2.3% and Shanghai's main index dropped 1.1%. Seoul's KOSPI, however, finished up 0.7%, with Taiwan's index also slightly higher. (See pictures of the global financial crisis...
...growth and employment. A December report by the Organization for Economic Cooperation and Development found that service companies are burdened by higher taxes and energy costs than manufacturers, while excessive regulation creates barriers for start-ups. Hwang Doo Jin, an architect who operates his own small firm in Seoul, complains of endless, stressful hours untangling the confusing rules that govern his business. "It is easier to produce a masterpiece than run a viable business over time," Hwang says...