Tomorrow’s Headlines

by Robert Koehler on September 25, 2008

in Korean Media

Stuff I noticed while scanning the papers and portals:

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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OneFreeKorea » War on Prostitution Not Working So Well in North Korea, Either
September 25, 2008 at 9:31 pm

{ 7 comments… read them below or add one }

1 Brendon Carr (Korea Law Blog) September 25, 2008 at 2:08 am

Yeah, listen, about the company credit card… I’m sorry about all that spending. But you should understand my special situation.

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2 Brendon Carr (Korea Law Blog) September 25, 2008 at 2:20 am

In related news, I’m stuck in the office at 2:30 with no end in sight. Damn you, Fannie Mae!

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3 NetizenKim September 25, 2008 at 6:03 am

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

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4 WangKon936 September 25, 2008 at 6:40 am

Huh?

How can Lee Na-yeong get hitched with BYJ, when she’s already promised that she’d marry me!…
;)

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5 WangKon936 September 25, 2008 at 7:20 am

Wow… a FRENCH guy is criticizing Korea’s labor union protest culture? Amazing…

Oh and NetizenKim, that was hilarious.

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6 Linkd September 25, 2008 at 7:29 am

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

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7 gbnhj September 25, 2008 at 8:28 am

From the second article:

Regarding the chairman’s money, CJ said it was not a slush fund but wealth which was handed down from his late father and has been kept in borrowed-name bank accounts. As the hidden wealth was revealed, the [CJ] group plans to report it to the tax authorities and pay overdue taxes.

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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