South Koreans took to the streets Saturday, some looking forward to a warm welcome for U.S. President Donald Trump, others to protest his imminent arrival. Trump will be the first American leader in 25 years to make a state visit to the Republic of Korea, as the South is formally known. He lands in the South Korean capital Tuesday. Trump’s visit is the second on his five-nation tour of East Asia. Even though the stop is short and sandwiched between Tokyo and Beijing, the discussions in Seoul could well be the most consequential of the trip. There are two showdowns looming. Most every analyst says the Chinese capital will be the highlight of Trump’s tour, the most important stop by far. China is undoubtedly the most powerful country the 45th president will see on his 13 days in the region, but Beijing leaders will almost certainly take their cue from what happens during the first two stops. The Chinese, like everyone else, knew in advance what would happen in Japan, where … [Read more...] about How Does Trump Deal With North Korea When He Can’t Trust South Korea?
Korea fair trade commission
A South Korean lawmaker provoked outrage Monday when he berated a female economics professor nominated as the country's antitrust chief for not “fulfilling her duty to the nation” by having a child. Despite its economic advances, South Korean society remains highly patriarchal and is facing a demographic crisis with women increasingly reluctant to have babies for reasons ranging from the expense of child-rearing to career setbacks. The government has spent billions of dollars since 2005 to try to boost the birth rate - one of the world's lowest - by providing child subsidies and expanding daycare services, without success. Jeong Kab-yoon, a five-time lawmaker from the conservative opposition Liberty Korea Party, sparked an outcry when he scolded Joh Sung-wook, an unmarried academic who is in her mid-50s, for not having children. “I'm aware that you are still single and the biggest problem in South Korea is that (women) are not giving birth,” Mr Jeong said at Ms … [Read more...] about South Korean lawmaker berates female professor nominated as country’s antitrust chief for ‘not having children’
On April 27, the Financial Supervisory Commission (FSC) unveiled its list of 60 business groups with the highest amount of loans from financial institutions. Nine groups, including Daewoo, that had been on the 1999 list were excluded this year, while 12 groups,such as Hyundai Oil Refinery, made the list for the first time. The FSC drew up the list based on the amount of loans the business groups received from banks, merchant banks, and insurance companies as of the end of 1999. The financial watchdog also demanded that the business groups on the list sign an agreement with their main creditor banks promising to improve their financial status, including plans on debt repayment and business restructuring. In previous years, the FSC only took into account loans from banks to compile the list, but changed this year＇s criteria to include loans from secondary financial institutions as well. The change in criteria led to the inclusion of twelve business groups on the list for the … [Read more...] about FSC Announces List of Business Groups with Highest Debts
Did Leonardo da Vinci spray graffiti over the Mona Lisa? Did Alfred Hitchcock destroy his reels of “Vertigo”? Of course not. So why are Republicans waging war against California, their party’s greatest masterpiece? For all the denunciations of California as a Democratic bastion, the larger, historical truth is exactly the opposite: Modern California is a creation of Republicans. Even now, with Democrats holding most elected offices, our fundamental structures remain Republican. Indeed, California and the Republican Party grew up together. Both owe a debt to John C. Fremont, the U.S. Army officer who in 1846 declared a republic in California, then part of Mexico. He became California’s first U.S. senator, and, in 1856, the first Republican presidential nominee. Fremont’s volatile personality still defines his state and his party. But his impact didn’t match that of Leland Stanford, our first Republican governor, who in scandalous fashion linked … [Read more...] about Modern California a creation of Republicans