Twenty Minutes Missing from "Mr. Ripley"
The release of the American movie,'The Talented Mr. Ripley' on March 4 has angered some audiences. Many are protesting the fact that 20 minutes have been cut from the original film. There was one moviegoer who called a newspaper to complain that 'the movie didn't correspond with the movie review.' In a preview for movie reporters, 'The Talented Mr. Ripley' ran for 2 hours and 19 minutes, in its uncut form. Unfortunately, there have been an …
Sweet Dreams on the Internet?
Korea is a nation enamored with the Internet. This could be the driving force behind the future of Korea's economy, no doubt one for the N-Generation (The N for Net). There's something missing, though. Let's call it a balance of payments. A trade surplus is expected this year, but there are clear signs of a rise in imports that is already threatening next year's balance sheet. The crowding of capital and manpower in the telecommunication mark…
Government Subsidies Ruin Venture Spirit
According to one newspaper report, a high-ranking government official described the current venture policy as the following: "We aim to benefit all comapnies ... and focus on subsidizing core ventures, selected by a comprehensive panel of experts." They've got to be kidding. If this is not a bad joke, it is a good example of the stodgy, pre-IMF mindset of many government officials. Ironically, government-ruled financial policy, a major cause …
Business Should Be Free of Election-rela
Less than 2 months remain before election day. Yet, as some fear, this election year seems to be getting dirtier and murkier. Election season has not yet started, yet mudslinging and allegations seem the preferred method of provoking potential opposing election candidates. There have been numerous allegations of illegal activities. Election brokers, who get money in return for pulling together and filling halls for speeches, are notorious for e…
Food Will be Given to Needy Children
The Ministry of Education announced on March 3 that students who skip lunch due to financial difficulties will be given free lunches. The Ministry of Education sent official documents to local departments around Korea. Some within the ministry are now asking the Ministry of Health and Welfare and the Ministry of Government and Local Autonomy for assistance. The organizers of the free lunch program hurriedly started on the details, only after th…
Everyone Looks to Seoul for School
Of the students who scored within the top 5 percent on the College entrance examination, 62.5% chose to go to a Seoul-based college, according to the Ministry of Education. One professor confessed that his school would not have survived if it had not been located within the metropolitan area of Seoul. He went on to say that the students from his region would go to schools farther into Seoul and students from further south would make up the stud…
Requirements a for Inter-Korean Summit Meeting
Will the summit meeting between the two Koreas be held? With President Kim Dae-jung continuing to pay compliments to his counterpart, Kim Jong-il, we can assume that the government is up to something. Chong Wa Dae (the Bluehouse) denies such allegations, but there is talk of a trilateral meeting between South Korea, North Korea, and China in the works. A high-level meeting will succeed only when problems are addressed in a specific and detailed…
[Viewpoint] A global path for SMEs
In Korea, the shorthand way of denoting the importance of small and medium-sized enterprises (SMEs) is “9988.” It means that SMEs account for 99 percent of the nation’s companies and 88 per cent of its workforce. Still, in terms of globalization, thi…