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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.

Merrill Lynch’s Dow Kim Quits to Set Up Own Investment Firm

By Park Hyong-ki Staff Reporter Merrill Lynch, the world's third largest securities firm, said that its executive vice president Dow Kim will leave the company by the end of 2007 to set up his own investment firm. Kim, 44, is also co-president of the Global Markets and Investment Banking group of Merrill. The New York-based investment bank announced the appointment of Ahmass Fakahany and Gregory Fleming to the new positions of co-presidents of the company. Merrill's Chairman and CEO Stan O'Neal said in a statement that Kim had expressed his desire for sometime to found his own business and put his investment and quantitative skills on the market. ``This is an opportune time for him to venture out on his own, as the company is performing extremely well, with an accomplished team of senior managers,'' O'Neal said. O'Neal described Kim as a ``respected, valued and energetic'' member of the company's senior team, who made many contributions to the rebuilding of the company's institutional capabilities and geographic footprint. Kim is expected to be available to the co

May 17, 2007

Rain to Star in Hollywood Film

By Cathy Rose A. Garcia Staff Reporter K-pop superstar Rain will make his Hollywood debut in ``Speed Racer,” the much anticipated live action adaptation of the iconic Japanese animated car racing series. Yonhap News reported Rain, 25, whose real name is Jung Ji-hoon, will play the role of a rookie car racer in ``Speed Racer,” which will be written and directed by Andy and Larry Wachowski. The Wachowski brothers are the creative team behind the sci-fi blockbuster ``Matrix” movie series. Yonhap News quoted Rain’s manager as saying the K-pop singer will be attending the ``Speed Racer” press conference on May 31 in Berlin, Germany. Hollywood actors Emile Hirsch, John Goodman, Susan Sarandon and Christina Ricci will attend the press conference. Shooting for ``Speed Racer” will start in June in Berlin, and the film’s release date is May 2008. After his world concert tour ends in June, Rain will head to Berlin to start filming his scenes. He is expected to stay in Berlin for two months. His manager said Rain met with the Wachowski brothers last April in Berlin, where they

May 16, 2007

Korean Stars to Gather in Japan

By Cathy Rose A. Garcia Staff Reporter Top Korean stars such as Ji Jin-hee, Cho In-sung and Cha Tae-hyun will gather for the ``Hallyu Romantic Festival” at the Saitama Super Arena in Japan on June 23. Yonhap News reported other Korean actors who will attend the event include Gong Yoo, Jang Hyuk, Cha Tae-hyun and Yoon Gye-sang. K-pop artists Kim Jung-hoon, SS501 and Shinhwa members Lee Min-woo, Shin Hye-sung, and Jun Jin will also perform during the event. Korean actors and singers are already popular in Japan, since many Korean dramas and movies have already been shown there. Shinhwa and SS501 have already staged successful concerts in Japan last year. Organizers said the event is expected to attract around 30,000 fans. Korean broadcasting company SBS and Japanese broadcasting company Fuji TV will broadcast the ``Hallyu, Romantic Festival 2007” in both countries. cathy@koreatimes.co.kr

May 16, 2007

Exchange Students Feel ‘Education Fever’

By Kang Shin-who Staff Reporter Mississippi State University (MSU) sent 35 student leaders to Seoul in an effort to build stronger ties with Korean universities last Friday. The school president Robert H."Doc" Fog lesong, who served as a U.S. Air Force commander in South Korea, initiated the global leadership program this year. The veteran stresses the Asian region for the school's globalization program and the first choice Korea for the 10-day program is based on his close connection with the country. Three among the distinguished students met The Korea Times for an interview on Saturday and shared their ideas on Korea. Their opinions and thoughts varied but the three young leaders had one voice, when it comes to their impression of Korean students; ``Korean students value education a lot compared to American students.'' The interviewees are as follows; Jacklyn Nagle, representative of the MSU Global Leadership Program majoring in psychology; Sarah Miller, representative of the Stennis-Montgornery Association majoring in political science; and Nathan Gregory, man

May 15, 2007

Former Defense Minister Kim Sung-eun Dies at 83

By Jung Sung-ki Staff Reporter Former Defense Minister Kim Sung-eun died at the Severance Hospital in Seoul on Tuesday. He was 83. Kim served as the 4th commander of the Republic of Korea Marine Corps from 1960 and 1962 and retired as lieutenant general. Kim received 19 military decorations for his achievements during the 1950-53 Korean War and outstanding leadership as the ROK Marine, nicknamed ``Ghost Buster.'' Serving as the defense chief from 1963 to 1968, he laid the groundwork for building ``self-reliant'' defense capabilities through active arms introduction plans and inaugurated the country's Reserve Force. Kim is survived by five sons and one daughter. A funeral service will be held at the Shinil Church in Shindang-dong, Seoul, on May 18. His body will be buried at the National Cemetery in Daejeon. For more information, call Asan Medical Center in Songpa-gu, southern Seoul, at 02-3010-2000. gallantjung@koreatimes.co.kr

May 15, 2007

Don’t Break Glass Ceiling, Just Change Building

By Bae Ji-sook Staff Reporter It’s the age of feminism and gender equity but still many women face the ``glass ceiling’’ while trying to climb the corporate ladder. In Mexico, among the top 100 corporations, only one percent of senior executives are women. According to Kim Hyang-sook, president of the Business Professional Women (BPW) Korea, the figure is the same in Korea. ``If you see the glass ceiling, don’t try to break it, try to change the building,’’ Chonchanok Viravan, president of the BPW International, said. The leader of the 30,000 working women of 80 countries worldwide said that the most important thing is to change the culture of the workplace, not to aggressively react against discrimination. The 44- year-old former vice president of the United Overseas Bank in Thailand said that she had also suffered from the invisible barrier between her and her male co-workers. ``We say women have to do twice the amount of work than men to achieve what we want. Do I think it unfair? In a way, I don’t think so, because in the end, we have twice the amount of know

May 14, 2007

Kim Yun-jin to Write on Her ‘Hollywood Story’

By Seo Dong-shin Staff Reporter Actress Kim Yun-jin, who is on the threshold of becoming a world star with her role in the hit American drama series ``Lost,'' will roll out an autobiography in Korean early next month. In the four-section book temporarily titled ``Kim Yun-jin's Hollywood Story,'' the 33-year-old focused on her road from local stardom to advancing into Hollywood in a frank, tell-it-all manner, according to her agency, X-Town Entertainment. She wrote, for example, how she decided to go for a new challenge and headed to the United States at the age of 30, after she garnered the best actress award with her 2002 film ``Milae,'' or ``Ardor,'' directed by Byun Young-joo. In Hollywood, she had to start out anew, regardless of her popularity in South Korea. When the deal with ABC, which airs ``Lost,'' finally came around after much efforts, she suffered partial facial paralysis, but overcame it. When posing for a promotion poster for the hit TV series, however, Kim recalled people of colored races were made to stand in the back row. The experience overlapped

May 14, 2007

Ecolab VP Praises Korea’s Good Sanitation

By Cathy Rose A. Garcia Staff Reporter Korean pop star Rain may have landed on the top spot for Time magazine’s online poll for 100 Most Influential People of the year, but poll runner-up American comedian Stephen Colbert is getting the last laugh. On his political parody show ``The Colbert Report, ” Colbert made fun of the fact that he only ranked number two on Time magazine’s online poll. Colbert, a popular comedian known for political satire and deadpan humor, said he had battled Rain on the Korean pop charts for years and ``he’s always gotten the best of me.” Colbert also described Rain’s music video as ``amateur,” but showed clips of the stylish music video for ``How to Avoid the Sun.” Colbert also unveiled his own music video, which showed him dancing and singing in awkward Korean to the tune of Rain’s song “How to Avoid the Sun.” Colbert’s song featured lyrics such as ``You know you’re my girl, so we can eat some kimchi.” As a parting shot, Colbert said: “Rain, I’m gonna be all over you like egg on a bowl of bibimbap.” However, Colbert’s satirical humor may

May 13, 2007

Ecolab VP Praises Korea’s Good Sanitation

By Jane Han Staff Reporter With dusty skies and streetside trash, what often meets the eye of Seoulites may not speak too highly of local sanitation conditions. But, an executive of the world's leading cleaning company says the country is in pretty good shape. ``My first visit to Korea was in 1984 and since then, many improvements have been made along with economic growth,'' Phillip Mason, Ecolab's executive vice president of Asia Pacific and Latin America, said at a press conference last Friday. Ecolab provides cleaning solutions and systems primarily for hotels, restaurants, hospitals and educational facilities. Spreading over 160 countries, McDonalds, Coca-Cola, Disney, Hyatt and Marriott are some of the company's major clients. The company founded its Korea branch in 1986, and total annual sales reached $25 million last year. It opened a training center ``Ecolab University'' last week in Seoul. The regional executive said, along with the start of its new local institution, the sanitation company would strengthen its presence in Korea, where the sanitation

May 13, 2007

‘Noodle King’ to Make Little Norway in Incheon

By Yoon Won-sup Staff Reporter Lee Chul-ho, 72, CEO of Rea & Way, a trading company doing business with Norway, says he plans to create a Norwegian town in Incheon and promote bilateral exchange. Lee is promoting seafood from Norway. ``Storage houses will be first set up near Incheon International Airport where ships are also anchored, followed by the establishment of Norwegian restaurants and shops," said Lee, nicknamed ``Noodle King'' for his hit noodle product ``Mr. Lee'' in Norway. Local government officials of Incheon have already given him the green light, he said Sunday. The plan began four years ago when the Norwegian prime minister visited South Korea and felt his country was not well known here. Lee, who has lived in Norway since the 1950-53 Korean War, is living proof in the history of Korea-Norway relations. During the war, he was seriously wounded, and a Norwegian doctor serving in a mobile army surgical hospital sent him to Norway for further treatment. Lee attributes his survival to the doctor's help. In Norway, he is the most renowned man from Ko

May 13, 2007
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