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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

US Firms Looking to Invest in NK

By Michael Ha Staff Reporter Wendy Sherman, a former top U.S. adviser during the Bill Clinton administration, said American businesses are expressing a lot of interest in investing in North Korea. But she emphasized that North Korean leader Kim Jong-il must first give up his nuclear ambitions completely and verifiably in order to develop economic and diplomatic ties with the United States. In an exclusive interview with The Korea Times in Seoul Tuesday, Sherman said she was aware of a number of U.S. businesses expressing interest in investing in the North. ``There is already a lot of interest in commodities and minerals in North Korea. But obviously for U.S. investment to be robust in any way, Chairman Kim must institute the kind of reforms that would meet international standards and he has a very long way to go." Sherman served as a top adviser and point person for North Korean issues during the Clinton presidency. She now works as principal of the Washington-based financial advisory firm the Albright Group and is visiting Seoul to explore potential investment opportu

May 7, 2008

Hanjin CEO to Head Korea-S. Arabia Council

By Kim Rahn Staff Reporter Hanjin Group Chairman Cho Yang-ho has been chosen to head the Korea-Saudi Arabia Business Council. Cho is also the chief of the board of directors of S-Oil, of which Hanjin is the largest shareholder. Founded in 1998 by the Korea Chamber of Commerce and Industry, the council has contributed to economic cooperation between the two countries through joint meetings and exchange of businesspeople. Saudi Arabia is the biggest source of Korea's oil imports and Korea's biggest business partner in the Middle East. The council plans to hold investment seminars and joint meetings in Seoul this year for active resource diplomacy as a private sector-level effort. It will also support Korean companies' advancement into Saudi Arabia and help Korea stably secure oil through cooperation with companies and government organizations working in the Middle East. Cho was also head of the business council between Korea and Canada, and has been chairman of the Korea-France High-Level Businessmen's Club since October 2000. rahnita@koreatimes.co.kr

May 7, 2008

CEO Photo Exhibit Opens

By Chung Ah-young Staff Reporter The CEO Photo Exhibition, featuring 98 photographs by 37 CEOs, including Chang Jae-ku, chairman of the Hankook Ilbo and The Korea Times Group, held an opening ceremony Tuesday at the Ewha Art Gallery, Ewha 100th Memorial Hall, Seoul. The exhibit, which will run through May 10, displays the works of chief executive officers of the nation's top companies, showing off their talents to catch a glimpse of the world. Not only Chang, but also celebrated photographer Kim Jung-man, actor Cho Min-ki and other CEOs are taking part in the exhibit. Chang presents three works, including ``Gurung Girl and Mt. Machapuchare, Pokhara, Nepal'' which was carried in ``Jaeku Chang 75 Photographs,'' a collection of photographs published last year. Cho held his first exhibition in 2005, which displayed a collection of photographs taken during his journeys and also donated the proceeds from his third photograph exhibit to those suffering dire poverty. Other works are from Kim Hyo-joon, BMW Korea CEO; Julia H. Moon, Universal Ballet general director; Choi

May 6, 2008

Korean Sergeant Major Receives Top US Medal

By Jung Sung-ki Staff Reporter Cheon Ki-chil, 55, a former sergeant major of the ground component command of the Korea-U.S. Combined Forces Command (CFC), has been conferred with a top U.S. military decoration for his contribution to the alliance between the two militaries, a CFC official said Tuesday. It is the first time ever for a sergeant major to receive a U.S. order of merit, the official said. CFC Commander Gen. B. B. Bell bestowed the Legion of Merit on Cheon, who took up his post in July 2004, he said. Bell strongly recommended the Pentagon to decorate Cheon for successfully ``bridging'' the two militaries by initiating various goodwill exchange programs to help promote understanding between the two sides, said the official. ``It's a great honor that I became the only sergeant major who has received the top U.S. order of merit,'' Cheon was quoted by the Korea Defense Daily as saying. ``I'm more grateful that Gen. Bell strongly supported it. That means Bell puts the highest emphasis on the Korea-U.S. alliance than any other alliance in the world.'' The

May 6, 2008

Park Kyung-ni Dies at 82

By Chung Ah-young Staff Reporter Veteran novelist Park Kyung-ni, renowned for her masterpiece, ``Land'' (Toji), died from lung cancer in a Seoul hospital, Monday. She was 82. Park, one of the most revered authors in Korea, had been in a coma since she suffered a stroke on April 4. The right side of her body was paralyzed and she was receiving medical treatment at Asan Medical Center in Seoul, according to the Toji Culture Center. She was diagnosed with lung cancer last July but refused to be treated. Since then, Park had been staying at the cultural center in Wonju, Gangwon Province, where her home was also located. She had also been suffering from diabetes and high blood pressure before the stroke. ``Land,'' a 16-volume novel took 25 years to write and _ based around 300 characters _depicts the turbulence at the turn of the 20th century when the Korean people were struggling against Japanese imperialism. The novel has significant literary artistry in style, native folk language and diverse character portrayals, depicting Korea's eventful and sadness-ridden modern

May 5, 2008
  • Life, Literature of Park Kyung-ni
  • Park Kyung-nis Works Translated Onscreen
  • Writer Who Wrote of Korea That Once Was, And Still Is

Korean-American Scientist Named Among Worlds Most Influential People

By Kwon Mee-yoo Staff Reporter Jeff Han, 32, a Korean-American computer scientist, has become one of ``The World's Most Influential People'' as selected by weekly American news magazine Time. Han, a research scientist at New York University's Courant Institute of Mathematical Sciences, developed the ``multi-touch-sensing'' system ― an upgraded version of the current single-touch screen, with multiple points of contact recognized simultaneously. His work has brought to reality the scene from the 2002 movie ``Minority Report,'' in which Tom Cruise's fingers moved nimbly across a screen to access information. A video clip of Han demonstrating the multi-touch-sensing screen at the TED (Technology Entertainment Design) Conference in 2006 can be seen on YouTube, where Han's amazing multi-touch interaction experiments have attracted nearly 2 million viewers. ``Multi-touch-sensing was designed to allow non-techies to do masterful things while allowing power users to be even more virtuosic,'' Han said, according to the Time story. Han has provided the

May 5, 2008

Renowned Korean Female Writer Dies

Park Kyung-ni, a renowned South Korean female novelist, died Monday at the age of 82 after suffering a stroke and slipping into a coma, her close acquaintances said. Park, one of Korea's greatest contemporary writers, was unconscious since April 4 following a stroke, and surviving on a life-support system, they said. She was diagnosed as having lung cancer last July but refused hospital treatment. Instead, she moved to a rural area near the city of Wonju, Gangwon Province, believing she could heal herself by being close to nature. Her epic novel "The Land," regarded by her compatriots as a masterpiece of contemporary Korean literature, has been included in the UNESCO Collection of Representative Works. Set in the southeastern countryside, it depicts the turbulent time around the turn of the 20th century when Koreans were struggling against threats from the Japanese imperialism.

May 5, 2008

Celebrity Hiking Club to Visit Nepal

By Han Sang-hee Staff Reporter Famous singer Lee Moon-sae is heading to Nepal with the ``Seollebal Mountain Club'' on May 15 to carry out volunteer work and help reconstruct a school there. ``Seollebal Mountain Club'' is a mountain-hiking club led by Lee and is comprised of celebrities and other cultural figures who enjoy climbing mountains and traveling. The 49-year-old singer will be joined by actor Park Sang-won, actress Lee Tae-ran, film director Han Ji-seung, and musical star Kim Chang-jun. Despite their tight schedules, the 17 members will attend a ceremony on May 8 in Seoul and depart for Nepal on May 15. The club will spend a week at Nalang village, a small village of 2,000 people and a five-hour trip from Nepal's capital Katmandu. At Nalang, they will help transform the 40-year-old school for 300 students into a sturdy cement building, complete with modern bathrooms, school supplies and even new school uniforms. ``Nepal is a place where I felt embarrassed by my material wealth and envied the purity of the Nepali people. If we can improve their poor edu

May 4, 2008

Noted English Lecturer Lee Dies of Cancer

By Kang Shin-who Staff Reporter Lee Ik-hoon, founder of the Lee Ik-hoon Language Institute, died of prostate cancer on Saturday at age 61. Born in 1947, he began gaining popularity as an English lecturer after publishing a series of TOEIC and TOEFL books named after him in the middle of 1990s. After obtaining a bachelor’s degree at Yonsei University and master's at the West Coast University in Los Angeles, he earned a doctorate in English Literature on ``A Study on strategic teaching methods to effectively improve capability of listening English’’ at Dankook University in 2006. Lee was diagnosed with cancer shortly before getting the doctorate, according to family members. Recently his health deteriorated rapidly though he continued actively contributing articles to newspapers and giving lectures, they said. He was listed in the Marquis Who’s Who, a number of directories containing brief biographies of influential people, as a special educator. He is survived by his wife and two sons. A condolence book is open in Samsung Medical Center in Ilwon-dong, Seoul. For m

May 4, 2008

Famous English Lecturer Lee Ik-hoon Dies

Lee Ik-hoon, founder and owner of renowned Lee Ik-hoon Language Institute, died of cancer at 1:30 p.m. Saturday. He was 61. Born in Seoul in 1947, he had worked as a reporter for U.S. edition of local Korean daily Dong-A Ilbo in the United States after obtaining bachelor’s degree at Yonsei University and master’s degree at the West Coast University in Los Angeles. He became famous to the general public for English learning texts named after his name, such as “Lee Ik-hoon EAR/EYE of TOEIC” and “Lee Ik-hoon EAR of the TOEFL.” He opened ‘Lee Ik-hoon Language Institute,” the first learning center specializing in English hearing and has operated the institute for students and those are poor in English hearing. He has also taught English as visiting professor at the graduate school of education, Hanyang University, and adjunct professor at Dankook University. In particular, he was listed in the Marquis Who’s Who containing brief biographies of distinguished persons as a special educator. He also earned a doctorate in English Literature on “A Study on strategic teaching method to

May 3, 2008
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