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Savings banks fall like dominos
Almost a year ago, authorities suspended the operations of Samhwa Mutual Savings — basically closing it for insolvency — and that touched off the shutting of 15 more savings banks over the succeeding months, separating depositors from any…
Dec 30,2011
The summer of the ‘water bombs’
The fiercest torrential rain in almost a century battered Seoul and other parts of the country in July, triggering fatal landslides and turning highways into canals and knocking out electricity to neighborhoods. Especially on July 27, Seoul received …
Dec 30,2011
Korean Wave makes second splash
Although many experts say the resurgence of the Korean Wave is only in its beginning stage, the second round has reached almost every continent in the world. The main beneficiaries of ubiquitous hand-held smartphones may, of course, be mobile phon…
Dec 30,2011
Kim’s aunt, uncle are North’s power couple
The uncle and aunt of new North Korean leader Kim Jong-un continue to emerge as key powers behind the throne, with Jang Song-thaek finally clinching a military title he had long been denied. Jang, 65, husband of late leader Kim Jong-il’s beloved…
Dec 29,2011
General whose fortunes rose with Kim Jong-un
One of the overlooked ways to get ahead in the North Korean military is to show the strategic and tactical skills needed to direct a military parade. Kim Jong-gak, 70, led a grand parade in October 2000 that marked the 55th anniversary of the No…
Dec 28,2011
Kim Il Sung defender’s son poised to advise ‘great comrade’
Choe Ryong-hae, a secretary of the North Korean Workers’ Party and a confidant of Kim Il Sung, North Korea’s first president, appears to be solidifying his position as the senior adviser to Kim’s grandson, Kim Jong-un. Choe’s advance is a reflec…
Dec 27,2011
The North’s most important general
When Pyongyang released the names of the people on the committee organizing the funeral of Kim Jong-il, experts scrutinized it as a map to the inner circle of new leader Kim Jong-un. The first three names on the 232-person list were unsurprising…
Dec 26,2011
Seoul readies for nuclear summit
Leaders of 55 nations and international organizations are set to descend on Seoul in four months’ time for the second Nuclear Security Summit, providing an opportunity for Korea to take a leading role in global nuclear security efforts. But fo…
Nov 29,2011
Kaist chair speaks to the danger of nuclear weapons
The term “nuclear security” is still unfamiliar to many Koreans, although it has emerged as a major international issue and Seoul will host a summit next year to discuss it. To provide readers with a glimpse of the potential risks the lack of nuc…
Nov 29,2011
How safe is world’s nuclear stocks?
Case 1. A Russian man named Oleg Khinsagov, a resident of the Georgian village of Nogir on the Russian border, was arrested for attempting to sell around 80 grams of highly enriched uranium in the Georgian capital of Tbilisi in January 2006. He and t…
Nov 29,2011
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