Word: yang
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Dates: during 2000-2009
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...Assistant Secretary of State, signaled dictator Kim Jong Il's desire to end his country's self-imposed diplomatic isolation. But Kelly warned that relations with Washington could not improve unless there was clear evidence that North Korea is committed to reform. Meanwhile in Shenyang, north China, authorities detained Yang Bin, the Chinese-born tycoon who runs the North Korean free-trade zone of Sinuiju. Police questioned Yang about tax evasion as well as real estate and stock fraud. MEANWHILE In The Drink Albania's capital, Tirana, thought it had escaped Europe's summer floods. But a drunk dam worker...
...past year, however, Yang has had to defend himself against rumors of questionable business practices and tax evasion. Some of his bad publicity surrounds construction of a Dutch-style residential housing and theme park near Shenyang in northeast China. The massive project, which includes re-creations of Amsterdam streets, luxury apartments, botanical gardens and an indoor beach, reportedly will cost $360 million. The size of the project has raised concerns among investors that Euro-Asia's own financial standing might be undermined. Both Yang and the company say the two operations are totally separate...
...China Premier Zhu Rongji complicated matters further by ordering a crackdown on tax evasion that targeted China's wealthiest citizens. Yang was investigated, but no wrongdoings were uncovered. To quell jitters, Yang called an extraordinary news conference in Hong Kong in July to deny a press report that he'd cheated on taxes or fled China to escape prosecution. "If I evade taxes, I can't leave China. So my presence in Hong Kong is the best proof," Yang said...
...Yang has his mind on more grandiose matters?the biggest development project of his career, and what may prove to be an epochal experiment in social engineering. Yang says his goal in Sinuiju is "to merge the economy of North Korea into the world economy. That's the only way to eliminate hatred and bring peace to Northeast Asia." He compares North Korea to a miner climbing to the surface after a long day in the tunnels and finding the sun painful to his eyes. "North Korea has been closed for 50 years," he says. "You have to give them...
...This experiment has to succeed. I don't think the North Korean people can afford a failure." YANG BIN, chief executive of North Korea's new free-trade zone, on the country's efforts to rejoin the global community...