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...flat-panel TVs, the tigers remain heavily reliant upon exports to power growth. And like any addict, they're now experiencing the pain of rapid withdrawal as factories close and millions of workers across the region lose their jobs. Homelessness is on the rise in South Korea's capital, Seoul, where at 2 a.m. each night the city's largest train station becomes a makeshift hostel as scores of 6-ft.-long benches are taken up by dozing men and women seeking shelter from Korea's icy winter nights...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...elderly, that would relieve some of the financial burdens on working-class families and encourage them to spend rather than save. "What tended to be taken care of in the household could become more marketized," says Lim Won Hyuk, an economist at the Korea Development Institute in Seoul. "There is a lot of room for job creation...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...Appointed in 1969 as South Korea's first Roman Catholic Cardinal, Stephen Kim Sou-hwan, 86, was a staunch opponent of authoritarian rule who gave refuge to activists in Seoul's main cathedral during antigovernment protests...

Author: /time Magazine | Title: Milestones | 2/19/2009 | See Source »

...things to do in Seoul...

Author: /time Magazine | Title: Postcard from Beijing | 2/19/2009 | See Source »

America saw its first Asian American mayor in San Jose, California in 1971, just a year after Kennedy School alum Sam Yoon was born in Seoul, South Korea. In November 2005, Yoon was elected a city councilor at-large—making him the first Asian American elected to office in Boston, in addition to the only Asian American to ever run for public office in the city. Now, Yoon has announced his intention to run for mayor of Boston against incumbent Thomas M. Menino, the longest-serving mayor in the city’s history...

Author: By Vidya B. Viswanathan and Shan Wang, CRIMSON STAFF WRITERSS | Title: Yoon To Challenge Menino | 2/11/2009 | See Source »

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