Word: suh
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After managing the slowdown so successfully, the government now feels it has the latitude to increase spending next year by 10%. Board Member Suh Sang Mok, vice president of the Korea Development Institute, predicted that growth will hum along at a 7.3% pace in 1985 and that prices will rise only 2.5%. Said he: "I think our very low inflation rate is becoming more or less permanent...
...same morning that an explosion shattered the U.S. embassy annex on the outskirts of East Beirut, another act of terror was being carried out 29 miles away in Israeli-occupied southern Lebanon. In the small Shi'ite Muslim village of Suh-mur, 13 people were murdered by militiamen of the Christian-dominated Army of Southern Lebanon, apparently in retaliation for the earlier killing of four of its soldiers...
...stimulus was so successful that President Chun has decided to cool the economy to prevent inflation, now coasting at an annual rate of 2.3%, from speeding up. The government will hold 1984 spending to 1983 levels. Board Member Suh Sang Mok, a senior researcher at the Korea Development Institute, predicted that, even with the new austerity program, his country would have 8% growth in 1984. He was optimistic about the government's ability to recover from the Burma bombing. "The policymakers who replaced the old Cabinet share the same philosophy," he said, "so our present economic directions will...
...smoking ruins, survivors screaming hysterically, others racing frantically from the building to seek help. The toll of the blast, apparently caused by a bomb hidden in the mausoleum's ceiling: 19 killed and 48 injured. The dead included 16 leading South Korean officials, among them Deputy Prime Minister Suh Suk Joon, Foreign Minister Lee Bum Suk and two other Cabinet ministers, as well as three Burmese journalists...
...Rangoon attack decimated the senior leadership of Chun's Cabinet. Suh Suk Joon, 45, a U.S.-educated technocrat, was appointed Deputy Prime Minister last July; he also headed South Korea's economic planning board. Perhaps the biggest loss to Chun was the death of Foreign Minister Lee, 58, who had conceived and planned the foreign tour. A seasoned diplomat who once served as Ambassador to India (1976-80), Lee was given his portfolio in 1982. A cornerstone of his policy was to try to establish ties for South Korea with "nonbelligerent" socialist and Third World nations; thus, Chun...