Wednesday, October 7, 2009

News links for October 7, 2009

  1. Pyongyang says dismantling its nuclear weapons "unthinkable even in a dream," describing as "unimaginable" any reversal of North Korea's 2003 withdrawal from the Treaty on the Non- Proliferation of Nuclear Weapons, but tells China it may be ready to return to talks (Bloomberg, Yonhap)
  2. Korea Labor Institute study says South Korea has undergone fastest income polarization in the OECD (Korea Times)
  3. South Korea concerned that North Korea visit by Chinese premier Wen Jiabao may lead to economic deals that may complicate implementation of UN sanctions (Yonhap)
  4. President Lee Myungbak may approach Japanese Prime Minister Yukio Hatoyama with proposal that Korea and Japan go on daylight saving time (Donga Ilbo)
  5. Korea Development Bank asks General Motors to raise more money for South Korea-based GM Daewoo or face the calling back of maturing loans and foreign exchange forward contracts (Reuters)
  6. A ROK government source says that four North Korean containers that were seized in Pusan were headed to Syria and carrying items related to chemical weapons (Donga Ilbo)
  7. Finance Minister Yoon Jeunghyun [윤증현] says unwinding economic stimulus policies too soon would "impede" South Korea's recovery and risk a return to recession (Bloomberg, Korea Herald)
  8. South Korea's foreign exchange reserves at $254.25 billion, up for seventh straight month in September (Reuters via Forbes)
  9. Bank of Korea says that ROK banks will likely continue tightening household lending standards in the fourth quarter on heavy government regulations but that loan demand will likely stay high (Reuters via Forbes)
  10. Samsung expects strong Q3 profit of between 3.9 and 4.3 trillion won, or US$3.67 billion (AP via WaPo, Yonhap, Korea Times)
  11. Producers of "Soul Train" sue Seoul government for copyright infringement, forcing name change for 600-year-old capital; top options for new moniker include Sejongville, Hub City, and Sparkle Town (BET)


  1. "2. Korea Labor Institute study says..."

    Uh... don't you mean the Communist Party of South Korea???

  2. I don't know enough about them to know if they are super ultra leftist or not.

    I usually think of the Democratic Labor Party as the "legitimate" communist group here. They even has the same name as the Workers' Party of Korea (the ruling party up north): (민주)노동당 in the south and (조선)로동당 in the north.

  3. Hey, you were joking about item 11...the Soul Train producers suing the city Seoul, right??

  4. sometimes i doubt your commitment to sparkle town

  5. LastNameKim wrote:
    Hey, you were joking about item 11...the Soul Train producers suing the city Seoul, right??

    Um... the last item in the news links posts is always, um, how shall we say, always a bit Jon Stewartish, with a little bit of Colbert thrown in, I s'pose.

  6. Shinbone wrote:
    sometimes i doubt your commitment to sparkle town

    How can anyone doubt my commitment to Sparkle Town. I love Sparkle Town. I own part of Sparkle Town.

    Seriously, I think I'll launch an unofficial campaign to get "Sparkle Town" designated as the Seoul's new nickname, like Bean Town, or the Big Orange, the Big Apple, etc. (I don't think "The Big Kochu" would be such a good idea).


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