Stuff I noticed while scanning the papers and portals:
- Ye Olde Chosun is reporting that two Haitai snacks produced in China tested positive for melamine. Imports have been suspended.
- Remind me never to borrow money from the accountant of CJ Group CEO Lee Jay-hyun.
- The Oranckay will be happy to note that the Korea National Police plans to revise traffic ordinances to make life easier on bicyclists. Police are coming under fire, however, for quickly dropping a planned legal revision that would punish bicyclists biking drunk after its announcement caused controversy. The beleagered KNP commissioner said in terms of public sentiment, extending the crack down on drunk driving to bicycles was premature. Apparently, the police were thinking of fining drunk bicyclists up to 300,000 won. Interestingly, only 14.4% of Koreans have bikes, which make up only 3% of transportation, compared to 56.9% and 25% in Japan and 74% and 26% in Germany.
- Seems like Jogyesa Temple is playing the same role as Myeongdong Cathedral did in the 80s — the Chosun reports that the temple has been put in a difficult position with so many anti-government fugitives taking refuge there.
- French cultural critic and LMB advisor Guy Sorman slammed Korea’s labor unions today in a lecture at the Lotte Hotel. He also criticized the beef protests, saying many of the participants were politically motivated, and said Korea’s complex and uncertain labor market was the real reason many foreign companies hold on investing in Korea.
- Actress Lee Na-yeong’s and actor Bae Yong-jun’s management company is denying rumors that the two will wed. I guess there really is a God.
- How much did businessmen put on their company cards for room salons, night clubs and other entertainment costs last year? 1.4 trillion won, according to material submitted by the tax authorities to a GNP lawmaker.
- Oh boy, Korea and the US are discussing another cost-sharing arrangement for USFK.
- Gee, you’d think LMB doesn’t trust the ‘Net — since Lee took office, the police, prosecutors and NIS have greatly stepped up their interecepts of private posts and emails, with Daum’s Hanmail coming under particular scrutiny.
- Of course, maybe LMB ain’t so bad after all — at a meeting with Cheong Wa Dae secretaries today, President Lee may or may have not ordered authorities to lighten up on the War on Prostitution, depending on how you interpret what he said. If the Great Crackdown fades, you’ll know why.
- Korea may double wheat imports for feed to replace expensive US corn, with the Ukraine a major source of imports.
And then there was North Korea:
- North Korea has barred international inspectors from the Yongbyon reprocessing facility and announced it would restart activity there in a week. I’m led to believe this is not a good thing.
- South Korea’s spy chief says KJI is feeling a bit better… in case you were worried. Like everyone else — including the South Korean press — I wonder where the NIS director is getting his information.
- Policy wonks will want to check out the Council on Foreign Relation’s report on “North Korea after Kim,” which quotes many of your favorite North Korea specialists.
- If it seems like I’m going through the motions here with North Korea, it’s because I am — like many people who actually live here, I’ve grown desensitized to the never-ending bullshit. How Joshua keeps his interest up, I have no idea. I’m just happy “Nip/Nuck” is on OCN. Doug Bandow, however, does a good job of reminding us what a crappy little thugocracy the DPRK is.
Around the blogs:
- Returning to the “Why (insert group here) complain about Korea,” GI Korea looks at why GIs bitch about Korea.
- Both Stafford and Brian have issues with the Korean Internet. Frankly, nowadays, I actually find myself pleasantly surprised by how much easier it is to sign up for sites now — I had no problem signing up with Naver, for instance. Granted, my relative contentness is mostly a function of how bad the situation was before.
- Kemek from Japundit visited Korea and put together a collection of sounds from our happy little peninsula.

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Yeah, listen, about the company credit card… I’m sorry about all that spending. But you should understand my special situation.
In related news, I’m stuck in the office at 2:30 with no end in sight. Damn you, Fannie Mae!
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America.
My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance.
My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction.
After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully Minister of Treasury Paulson
Huh?
How can Lee Na-yeong get hitched with BYJ, when she’s already promised that she’d marry me!…
Wow… a FRENCH guy is criticizing Korea’s labor union protest culture? Amazing…
Oh and NetizenKim, that was hilarious.
Since I first heard about the $700 bil Paulson plan, it was clear to me that the wolf was guarding the henhouse – that the Treasury Secretary was organizing a brazen raid on the Treasury. I don’t fault his actions on AIG/Lehman etc so far, but the latest scheme to just go around buying bad debt (and anything else he wants) from banks, without oversight or accountability, is not just undemocratic, but anti-democratic. I am heartened that the US Congress is smart enough to hold it up, at least so far.
Here’s a good 2-pager on ‘Why Paulson is Wrong.’
http://faculty.chicagogsb.edu/....._wrong.pdf
From the second article:
So the hidden wealth is not corporate but personal, yet the corporation – and its shareholders – are getting stuck with the tax tab? It’s great to be a Korean CEO…
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