Word: seoul
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...cleared of the allegations). But Hyundai and Lone Star's moves aren't helping either company's regulatory woes, as the national Supreme Prosecutors' Office has said the donations won't influence the outcome of its investigations. "The government does not like the timing of the offers," notes Seoul-based business consultant Hank Morris. Maybe the next Korean company to come under fire won't be so quick to open its checkbook...
...Nguyen Huu Chanh. The former refugee and onetime leader of the California-based Government of Free Vietnam was reportedly detained in South Korea on April 5. Yet it was nearly a week before the news was made public?and then only by Chanh's U.S. supporters, who accuse Seoul of bowing to pressure from Hanoi to seize a man they say is a prominent pro-democracy activist. Last week, some 200 Vietnamese-Americans marched on the South Korean consulate in Los Angeles to present a petition calling for Chanh's release. "He has devoted his life to promoting democracy, human...
...destabilize the government and that he "control[led] the codes" for the explosives. The Vietnamese government has declined to say whether it is seeking Chanh's extradition, but supporters fear that Hanoi is pushing for him to be returned for trial; a South Korean embassy official told TIME that Seoul is awaiting proof of Vietnam's accusations before it considers handing him over...
...DIED. SHIN SANG OK, 80, South Korean film director whose life story became the stuff of spy thrillers when he and his movie-star wife were kidnapped by North Korean agents in 1978; in Seoul. One of the South's most prominent directors in the 1960s and '70s?his 1958 film Jiokhwa featured the country's first on-screen kiss?Shin and wife Choi Eun Hee were abducted because North Korean dictator Kim Jong Il, a movie buff, wanted to boost his country's film industry. Shin and Choi made a dozen movies at Kim's behest before staging...
...ducks are in a row right now," says Amit Tandon, managing director of Fitch Ratings India in Bombay. "There is a perceptible change in outlook and self-belief." That sense of exuberance isn't limited to India. They're feeling pretty good about themselves in Tokyo, Jakarta and Seoul, too. Central bankers the world over may be worried about the euphoria in equity markets getting out of hand, but this party may last a while...