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...individual companies. But in South Korea, economic engagement with the D.P.R.K.--the Democratic People's Republic of Korea, as the North calls itself--is government policy. South Korea has invested heavily in two well-known public-private development projects: a resort area at Mount Kumgang and an industrial zone in Kaesong, about six miles (10 km) north of the Demilitarized Zone. There, 13,300 North Korean workers earning $70 a month churn out exports in conditions a former Western diplomat compares to a labor camp's. So far, 15 South Korean companies have opened factories in Kaesong, producing shoes, watches...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...considerable political risk in partnering with a charter member of the "axis of evil," there's the North's underwhelming track record when it comes to development schemes. Casting about for new investors after the collapse of the Soviet Union, the D.P.R.K. in the 1990s started a free-trade zone in Rajin-Sonbong, a remote area near the country's northeastern frontier. The experiment failed: the zone didn't attract much beyond a few hotels and a casino catering to Chinese tourists. Another special economic zone in Sinuiju, across the Yalu River from the Chinese city of Dandong, faltered...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...North was emulating an obvious precedent: Shenzhen, the special economic zone where China first experimented with capitalism. In January 2006, Kim made a rare foreign visit, traveling by train (he reportedly abhors flying) to the booming southern Chinese city. Kim may see China as more than a path to prosperity. "To him it's an assuring message," says Mansourov. "Even if you open up economically, you can still maintain political control for his regime and his family...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...December could usher in a new government with a less conciliatory stance toward its deadbeat neighbor. To see just how far North Korea still has to go, you need only visit the Sino-Korean Friendship Bridge linking the booming Chinese metropolis of Dandong with the sooty failed economic zone of Sinuiju. Commerce between the two nations is limited to a trickle of trucks on the bridge's single lane. At night, the contrast is vividly instructive: Dandong's bustling waterfront turns into a riot of neon, while Sinuiju is pitched into nearly total blackness. How will North Korea ever pull...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...opponents.For the most part, Harvard finished drives in a fashion not yet seen this year, scoring five times—all touchdowns—in the team’s biggest offensive output of the season. The Crimson also scored three times in four trips to the red zone, finally helping to shore up an area that plagued the team in its two losses this season.It was Harvard’s one unsuccessful red zone trip, however, which was indicative of the team’s troubles putting the proverbial nail in the coffin this year.Driving early in the fourth...

Author: By Malcom A. Glenn, CRIMSON STAFF WRITER | Title: Harvard Plays Dominant Fourth Quarter | 10/8/2007 | See Source »

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