Professional Documents
Culture Documents
TheKoreaTimes 2010-01-01
TheKoreaTimes 2010-01-01
www.koreatimes.co.kr FRIDAY-SUNDAY, JANUARY 1-3, 2010 Established 1950, No. 18384 700 Won ★★★ City Edition
2
2 FRIDAY-SUNDAY, JANUARY 1-3, 2010 National
Global Etiquette
Regulators Kick Out KB Chairman Nominee MANNERS (1)
Smoking in restrooms
By Kim Tae-gyu Kang convened an unscheduled release after his withdrawal. Kang’s chauffer and confiscating
Staff Reporter meeting of executives at the “But I concluded that it would a dozen computers. Many Korean smokers feel the need to smoke while in the
group’s flagship Kookmin Bank not best serve the interests of KBFG was reportedly asked to restroom. This is especially true in tall buildings where it might be
Kang Chung-won, the newly- (KB), the country’s leading lender, KBFG, its shareholders and postpone the selection of the
inconvenient to go outside for a “smoke break.” This often makes
nominated head of KB Financial in the morning before withdraw- clients if I stick to the chairman- chairman with two of three final
Group (KBFG), withdrew his ing from the KBFG chairmanship ship in the face of public criticism contenders dropping out of the it an unpleasant experience for non-smokers to come in and use
nomination Thursday after the in an unscheduled board of direc- that the selection was unfair.” race, but the group’s directors the facilities. Recent smoking regulations in some buildings have
financial regulator’s unusually- tors meeting in the afternoon. Kang, often known as Mr. stuck to its original schedule and helped curb this problem, although many still choose to ignore
tough investigation of the group However, he will retain his Market-Oriented Clean, helped picked Kang.
the signs!
and its outside directors. Many posts as CEO of the bank and KB weather the global financial “Many think that the financial
believe the probe by the Finan- vice chairman at KB Financial. crisis through his rigorous risk regulator flexed its muscles to
cial Supervisory Service (FSS) Before a new chairman is management. sway the management of private
has taken the country’s financial picked, the 60-year-old will also The heavy-handed regulators entities. It will not be the news
regulatory policy back to where it serve as acting chairman, the were unable to find any concrete that bureaucrats want to see in
was over two decades ago. post he assumed after former evidence that Kang has abused reports,” said a Seoul analyst
Typically, the invisible hand Kang Chung-won head Hwang Young-key was his power for personal gain. who declined to be named.
refers to the mystical forces of KB President forced to quit this September due Market watchers point out that “I don’t know who is the ulti-
the market, which decides indus- to investment losses he incurred his withdrawal will dent banking mate figure masterminding this
trial output and prices by coordi- FSS is suspected of having trig- while at the helm of Woori Bank. autonomy while the FSS will process. But the bottom line is that
nating schedules from both the gered Kang’s move. “I accepted the will of the direc- come under fire because it is whoever is behind the scenes has
supply and demand sides. He was supposed to have been tors who picked me as a candi- accused of forcing his hand. attempted to control private man-
But in Korea the invisible hand approved as head of KBFG at a date for KBFG chairman to mini- The FSS is suspected of having agement and it has worked. These
seemingly alludes to the mandate shareholders’ meeting slated for mize the negative effects caused staged overly tough investiga- are the things that take place in
of the financial regulators since Jan. 7, which now has also been by the vacancy of the official tions into KBFG and KB last Asia’s fourth-largest economy.” This article is based on the book, “Ugly Koreans Ugly Americans”
this back-door pressure by the cancelled. chairman,” Kang said in a press month — even questioning voc200@koreatimes.co.kr by BCM U-Phone (www.shallwetalk.co.kr), available at all major book stores.
Please share your own experiences of cultural differences by sending them
to ukua@bcm.co.kr
From Page 1
Times’ History no efforts in following that tortu-
ous path through ceaseless self-
Sejong City would choose the DP.
Rep. Park Geun-hye was unri-
It will step up efforts to serve two-way forum for giving a voice transformation but with an About 76.6 percent chose job valed in popularity among poten-
as a “bridge within a bridge,” by to the voiceless. unchanging sense of mission to creation and economic growth as tial presidential candidates. Sup-
linking the world to Korea, a In today’s world, it is hard for serve the widest scope of citi- two major policies on which the port for the former GNP chair-
country trying to connect the old industries to survive, harder zens possible, with the confi- government should place top pri- woman stood at 31.7 percent, dis-
developed world with developing for old media outlets that are dence that our readers will rec- orities this year. tancing herself from other possi-
ones. bearing the brunt of rapid tech- ognize and support such a strug- Only 23.6 percent said priority ble candidates by a wide margin.
Nothing illustrates such efforts nological and social changes, gle, as they have done in the should be placed on the expan- Rhyu Si-min, a former health
better than this paper’s time- and hardest for newspapers try- past. sion of social services. minister under the previous Roh
honored tradition of its Modern ing to maintain both journalistic In Oriental philosophy, the With regards to Lee’s stance Moo-hyun administration, came
Literature Translation Awards, and financial integrity. 60th birthday carries a peculiar on North Korea, 52.1 percent in second with 8.7 percent, fol-
and Thoughts of The Times, a The Korea Times will spare significance of returning to the approved while 41.6 percent dis- lowed by Mayor of Seoul Oh Se-
very year one was born after approved, a clue that the public hoon (5.1 percent) and former
passing a full sexagenarian supports his position on the Gyeonggi Governor Sohn Hak-
cycle. North’s nuclear programs. kyu (4.5 percent).
This means the time has come In the poll, support for the Those who described their
for this newspaper to be born GNP stood at 36 percent, while political orientation as moderate
again as a more mature, respect- that of the DP was 23.4 percent. stood at 49.3 percent. Self-
ed but modest guardian and Support for candidates from the described conservatives marked
watchman of this society. two parties in the local elections 26.4 percent, while those who
With our readers’ unswerving was close — 24.6 percent said they characterized themselves as lib-
support, we will surely succeed would cast their votes for the GNP, erals totaled 22.7 percent.
in these efforts. while 20.6 percent answered they hkang@koreatimes.co.kr
51.3% 58.7%
14
10.2
5.6
Very good Good Bad Very Bad Don't Know Sejong City Project Four-River Project
National FRIDAY-SUNDAY, JANUARY 1-3, 2010 3
President Lee Myung-bak, center in the background, speaks, while Prime Minister Chung Un-chan, left, listens, during a joint poli- S. Korea-Germany Ministerial Forum on Unification Planned
cy briefing on foreign affairs and security at the Korea Institute for Defense Analyses, Thursday. At right is Kim Hyo-seon, a jet
fighter pilot. Yonhap By Kim Sue-young many over unification policy. expected to join as well, he tion in the North,” the official
Staff Reporter “We plan to have a gathering on added. said.
Nationline
President Says
NK Policy Is in China Likely to Replace Ambassador in Seoul
Right Direction China is expected to appoint
Yang Houlan, a career diplo-
According to a media report,
Cheng will succeed Cui. Cheng,
By Na Jeong-ju mat in charge of affairs on the who has served in Seoul for 14
Staff Reporter Korean Peninsula, as its new months, is known for his
ambassador to Seoul, a diplo- expertise in Japanese affairs.
President Lee Myung-bak said matic source said Thursday, But a South Korean foreign
Thursday there was little but both governments kept ministry official said there has
progress in inter-Korean rela- mum on the possible replace- been no formal notice from
tions in 2009, but his govern- ment. China on the reported appoint-
ment has laid the groundwork Yang is the most likely figure ment.
for developing relations in a posi- to succeed Amb. Cheng “We have not received any
tive direction. Yonghua, who may be information from China on
“We’ve seen a lot of changes in assigned to the post of Bei- Amb. Cheng Yonhua’s succes-
the diplomatic, security and jing’s top envoy in Tokyo, sor,” the official said, request-
defense fields over the past year. according to the source. ing anonymity.
The government worked suc- China reportedly plans to The Chinese Embassy here
cessfully to brace for a paradigm name its current ambassador also declined to comment.
shift,” Lee said during a joint to Japan Cui Tianka as top Yang studied in the United
briefing by ministries on next nuclear negotiator to replace States and worked as Beijing’s
year’s defense and North Korea Vice Foreign Minister Wu ambassador to Afghanistan
policies. Dawei, who currently chairs from March 2007 until April
“There are few signs of the six-party talks aimed at this year. He is well-versed in
improvement in inter-Korean resolving the North Korean Korean affairs, the source said.
relations, but I firmly believe we nuclear crisis. (Yonhap)
are moving in the right direction.”
Lee has maintained a hard-
line stance toward the reclusive Lee to Deliver New Year’s Address Monday
country, saying the South will not
resume inter-Korean exchanges President Lee Myung-bak economic policy initiatives
unless the North drops its will deliver a New Year’s aimed at creating jobs and
nuclear program. address at 10 a.m. Monday to spurring recovery, according to
“It will be hard to achieve a outline key administrative poli- a presidential spokesman.
breakthrough in stalled inter- cies in 2010, Cheong Wa Dae “As President Lee enters his
Korean relations without said Thursday. third year in office in 2010, he
resolving the North Korean In the 20-minute address, will talk about the achieve-
nuclear issue,” Lee said at the which will be broadcast live ments the country has made
meeting. through major television net- over the past two years and
In September, President Lee works, Lee is expected to appeal announce a new vision to ele-
proposed a “grand bargain” with for support for the government vate the country’s international
North Korea to achieve a quick in preparing for the G20 Seoul status,” spokesman Park Sun-
resolution of the nuclear issue in Summit in November. kyu said.
exchange for economic aid, He also may announce new jj@koreatimes.co.kr
which was immediately rejected
by the North.
Lee said South Korea became ‘Activist’s Detention Not to Affect Efforts for Talks’
a more responsible member of
the international community in The United States expressed handle consular affairs involv-
2009 by winning the rights to hope Wednesday that the ille- ing Americans in North
host the G20 Summit, slated for gal entry of an American mis- Korea.
November in Seoul. sionary into North Korea on a Park, of Tucson, Arizona,
The policy briefing was held at human rights crusade will not entered the North on Christ-
the Korea Institute for Defense affect U.S. efforts to bring the mas Day to call for improve-
Analyses in Seoul. Lee became North back to the six-party ment in human rights in the
the first president to visit the talks on ending its nuclear reclusive communist state, des-
institute since the late President ambitions. ignated by the U.S. as one of
Park Chung-hee. “We consider this to be a the worst rights violators in the
Thursday’s meeting marked consular issue unrelated to any world.
the last of the briefings by gov- security or political issues,” the North Korea Tuesday con-
ernment offices on policy objec- State Department said in a firmed the detention of an
tives for the new year. statement. American citizen who “illegally
The briefings had usually tak- The U.S. government is still entered the DPRK through the
en place at the beginning of the seeking consular access to DPRK-China border on Dec.
year under previous govern- Robert Park, 28, through the 24,” without naming him, and
ments, but Lee hurried to finish Swedish mission in Pyong- said that an investigation is
the process before the year’s end yang, the statement said. under way.
to ensure quick implementation Washington does not have The incident comes amid
of government spending pro- diplomatic relations with efforts by the U.S. to resume
grams. Pyongyang, and the Swedes the six-party talks. (Yonhap)
jj@koreatimes.co.kr
4 FRIDAY-SUNDAY, JANUARY 1-3, 2010 National
3 — Gwangju Biennale
11 — Busan Beinnale 4-5 — ASEM Summit is to be held in Brussels
Sept. 16-Oct. 5 — 2010 World Oriental Medicine-Bio 7-15 — Pusan (Busan) International Film Festival (PIFF)
EXPO in Jecheon Oct. 25-Dec. 12 — Formula 1 Korea Grand Prix/Thai-
Sept.-Oct. — Seoul Theater Olympics land-Gyeongju World Cultural Expo
Sept.-Nov. — Seoul Performing Arts Festival Also scheduled: Global Biodiversity Information Facility
September-October — Seoul International Dance Festival Conference
Sept. 17-Oct. 7 — World Design Capital 2010 Seoul
Briton Held for Over 2 Years in Iraq Released by Tehran, which called it
“utterly fabricated and base-
less.”
The government “considers
them groundless insinuations
damaging the reputation of
BAGHDAD (AP) — A British morning, was abducted in May Ahl al-Haq, or League of the for Britain’s Foreign Office told Kazakhstan “categorically our country.”
contractor was freed Wednesday 2007 along with his four British Righteous, from U.S. to Iraqi cus- The Associated Press that U.S.
and in good health more than bodyguards. All the bodyguards tody. forces transferred al-Khazali to Cambodian ’Jungle Woman’ Starts Speaking
two years after he was abducted, are believed dead. Qais al-Khazali, along with Iraqi custody on Wednesday but
apparently the only survivor of a Foreign Secretary David his brother, were accused of denied any connection with PHNOM PENH (AFP) — Phnom Penh.
group of five Britons abducted in Miliband said Moore, 36, was in organizing a daring attack on a Moore. She spoke on condition of Cambodia’s “jungle woman,” In early 2007 the woman
a daring raid outside Iraq’s good health at the British local government headquarters anonymity in keeping with whose story gripped the was brought from the jungle,
Finance Ministry in 2007. Embassy in Baghdad and would in the city of Karbala that killed department regulations. country after she apparently naked and dirty, after being
His release came as a bombing soon return to Britain. He said five U.S. soldiers on Jan. 20, In Baghdad, a representative spent 18 years living in a for- caught trying to steal food
in the country’s western Anbar no concessions had been made 2007. of al-Khazali’s group and an est, has begun speaking nor- from a farmer. She was
province killed 23 people and to the hostage-takers and that Moore’s kidnappers had Iraqi member of the negotiating mally instead of making ani- hunched over like a monkey,
narrowly missed the province’s Moore’s release was the result of demanded his release along team that helped secure Moore’s mal-type noises, her father scavenging on the ground for
governor. The high-profile attack the reconciliation process with that of several Shiite mili- release said al-Khazali was said. pieces of dried rice.
in what used to be a stronghold between Iraq’s government and tiaman held by U.S. forces. The transferred, but they said it took Rochom P’ngieng, now 28, She could not utter a word
This file image made from an Arab satel- of the insurgency was a sign of armed groups willing to militant group in August prom- place about a week ago. went missing as a little girl in of any intelligible language,
lite news network broadcast on Feb. 26, the tenuousness of the security in renounce violence. ised to lay down its weapons Neither would say explicitly 1989 while herding water buf- instead making what Sal
2008 purportedly shows Peter Moore Iraq. Moore’s release, however, and join the political process, that there was a deal, but they falo in Ratanakkiri province Lou, the man who says he is
who was taken hostage in May 2007 by Computer consultant Peter coincided with the transfer of the which had raised hopes for added that the militant group did around 600 kilometers (400 her father, calls “animal
militants disguised as Iraqi policemen. Moore, who was handed over to head of the militant group Moore’s release. not release Moore until it con- miles) northeast of the capital noises.”
AP-Yonhap Iraqi authorities Wednesday behind the kidnapping, Asaib In London, a spokeswoman firmed the transfer.
World FRIDAY-SUNDAY, JANUARY 1-3, 2010 7
Ham
amh
am
mhe
mheung
mh
-1
-11~-2 C Mokpo/Jeolla -2/5 -2/4 0/3 -2/1
Pyon
ong
ngy
ngyang
ng
-14~-6
-6
6 C (12~28 F)
(6~21 F)) Busan/Gyeongsang 0/9 -1/7 1/7 -2/6
Haeju Gangneung
-9~-2 C -8~2 C Jeju 5/9 6/8 7/8 3/5
(15~28
8 F)
F (17~35
35
5FF)
Seoul
oul Cheongju
-13~-4 C -
-10~-1 C Sunrise 07:47 / Sunset 17:24 Moonrise 17:58 / Moonset 08:03
(8~24 F) ((14~30 F)
Daejeon
-9~-1 C Daegu Berlin Moscow Beijing Singa Taipei Tokyo L.A. Chicago New
pore York
(15~30 F) -8~3 C
((17~37 F)
Jeonju
1~2 c -7~-5 c -11~0 c 25~34 c 12~17 c -1~7 c 11~24 c -6~0 c -1~4 c
-8~1 C Busan
B
(17~33 F))
-5~5 C Cape Hono Rio de
Mokpo (23~41 F) London Paris Rome town Calcutta Sydney lulu Janeiro Mexico
-5~2 C
Freezing swimming: Swimmers, many wearing costumes, take part in (23~35 F)
Jeju
an annual swim in the cold waters off the coast of Usedom Island, Wednesday. 3~7 C 0~1 c -2~1 c 9~13 c 17~27 c 13~25 c 22~31 c 20~26 c 23~29 c 12~25 c
(37~44 F)
Heavy snowfall has reached most parts of the country and is forecast to intensify
into the New Year. AFP-Yonhap
8 FRIDAY-SUNDAY, JANUARY 1-3, 2010 Opinion
T
here has recently been a media, so let it agement protection via poison
renewed discussion and be for now. take a real trip to the meeting in pills, one may conclude the equi-
Let’s Work Together to Make Better Future media play about “poison b) Most indi- person. ty market will suffer further valu-
pill” system to be enacted in Ko- viduals and And here are some technical ation discounts. Korea would not
Today marks the start of the Year of the Better Communication rea. Those who argue for further other minority issues often missed by many, in- benefit from such actions as a
Tiger. It is also the beginning of the second protection of management via shareholders cluding the media: discounted equity market has
decade of the 21st century. It is natural for peo- There are growing calls for the politics of dia- this mechanism insist Korea rarely vote during shareholder 1) In order to execute an unso- many negative implications, in-
ple to have high expectations for a better life in logue and compromise as the nation suffered needs one and compares the ab- meetings and those who voice licited takeover bid (TOB), one cluding higher real interest rates
the days to come. Therefore, it is more than im- from a political setback last year due to ever-in- sence of such protection to those differing opinions are often cast needs to have a brokerage to act and thus higher costs borne by
portant for the nation to live up to public aspira- tensifying confrontation between governing and countries that have them, such as “weird/strange” and “time- as the main coordinator in the the ultimate sufferers of such re-
tion for prosperity and happiness. Most of all, opposition camps. It is no exaggeration to say as the United States. wasters”. process of gathering shares from sults — the individual con-
every member of Korean society is required to that violent clashes between rival political parties I will openly say that the Unit- c) Management often increase those who support such deals. sumers, the common folks.
join hands with hope and courage to reinvent have become the order of the day at the National ed States and Korea are very dif- their holdings via quasi-legal But in Korea all major broker- In other words, adding more
the nation. Assembly. The standoff over President Lee’s ferent in terms of shareholder means such as having their rela- ages so far refuse to do such protection to the already well-
four-river refurbishment project and his bid to structure and shareholder ac- tives buy discounted convertible work due to fear that acting as protected management of listed
New Vision for Future scrap his predecessor’s plan on a new adminis- tivism or to pick a better word — notes (e.g. BW and CB) whenever main brokerage executing an un- companies is de facto pro-elite
trative town has only divided the nation sharply. shareholder participation. In ad- they like to. This practice, while le- solicited TOB against manage- action and anti-average citizen
The nation went through many twists and It has fostered political and social conflicts dition to the above, in Korea we gal or not, happens in real life in ment would tarnish their image, action. After all, humans tend to
turns last year amid the unprecedented global among different parties and groups. have a social value system which Korea ultimately diluting, or also and in the long-run limit their behave their best when they
economic crisis, outdated local politics and esca- The real problem is that all members of our does not necessarily prohibit but known as “stealing” from minority business with chaebol. In other know their actions may have
lating tensions with North Korea. However, it is society don’t know how to communicate with does strongly discourage dissent shareholders. But let’s avoid such words, TOB is fully legal in paper consequences.
safe to say that the country has so far shown a each other. Since his inauguration, President Lee and open criticism; traits that mean words from hereon. in Korea but in practice they Management will behave better
better-than-expected performance to get out of has been under attack for his inability to com- work against shareholder partic- d) The Confucian culture was must be pre-organized and pre- and cleaner if they know they can
the economic turbulence. South Korea is expect- municate with opposition leaders and the people. ipation in many cases. adapted to an extreme in Korea, agreed upon with management and will be shown the exit door
ed to become one of the world’s fastest-recover- Sticking to his bulldozer-style leadership, Lee has I will be as brief as possible sometimes having strange conse- not ones by uninvited entities. by minority shareholders. And
ing economies with its growth increasing 4 to 5 not done well to humbly hear the voices of the within my ability to compress quences. In the investment 2) Stock for stock offers are al- management should not worry
percent in 2010. Its current account surplus was people. Politics has long been far behind the thought, so please bear with me: world, it means most Korean in- so not recognized in Korea, a about being asked to go out if they
estimated to hit a record high of $43 billion in economy and other fields in Korea. The nation a) Most good publicly listed dividuals who hold shares of list- practice common in markets did their best in the first place —
2009. can never have a bright future without political companies (i.e. not empty ed companies are unlikely to such as the U.S. In other words, and let the shareholders recog-
Most economic statistics indicate that ev- reform. Local elections are scheduled for June to “shells”) have a very high insider voice their discontent even if offers needs to be cash only, in nize this and make a judgment.
erything looks fine — even though it couldn’t elect governors, majors and council members. holdings structure and cross-hold- their mind says so clearly. Korean accounts, limiting the “Trust the shareholders.”
be better taking into account the worldwide The polls must serve as a catalyst to usher in a ings in Korea unlike the U.S., thus Most will just wash it out over range of suitors for the targeted In closing, Korea may some
crisis. The consumer price index has stabi- new political culture which will promote social preventing any realizable “hos- a dinner with “soju” with friends companies. day need a poison pill (as we do
lized at the 2 percent level and the jobless cohesion and national unity. tile” attack by mere potential vot- but rarely actually vote their In addition to the above, there not know what the future brings
rate is still low in the 3 percent range. But the People are also urged to actively work together ing percentage. I dislike the word thoughts in shareholder meet- are more but I will skip them as us), but clearly not today.
figures are often tricky enough to ignore the to usher in clean politics by kicking out corrupt hostile since it implies the insider ings nor bother to even attend. they are of less import. The key
stark reality in which people are under politicians. They need to heal the wounds arising management is necessarily the In fact, in many shareholder takeaway here is that one of the The writer is working at Fidelis Magnus,
mounting inflationary pressure for their daily from ideological confrontation between the right “good” guys (since in many cases meetings the majority of atten- reasons the Korean stock market LLC. and has been an investment banker
necessities with massive job losses. In other and the left, social conflicts and regional antago- they are not, clearly ... often dees are either company employ- is relatively cheap in valuation is and fund manager for over 16 years with
words, the economy is rapidly recovering but nism. Besides, they have to respect such values as tramping upon minority share- ees or bodyguards invited by the the high insider holdings and actual M&A experience, mostly in the
people’s living conditions are not taking a forgiveness, tolerance and sharing to make the holder rights) but in Korea we call company just in case some limited shareholder participa- U.S. market. He can be reached at joon-
turn for the better. country a better place. And then, they should do anyone who disagrees with man- “strange” shareholders decide to tion, I would say. ho.um.wh92@wharton.upenn.edu.
Thus, it is necessary for the nation to adopt a more to tackle many social problems, including
new economic paradigm to take a new leap for- the widening gap between the rich and the poor,
ward and bring real benefits to the people. For rampant corruption and raging crimes against Today in History
this, the political leadership should present a children and women.
new vision for the nation’s future. President Lee Today is Friday, January 1,
Myung-bak has often vowed to implement poli- National Reconciliation the first day of 2010. There are
cies to improve people’s living standards, espe- 364 days left in the year.
cially the poor and underprivileged. This is easi- The inter-Korean relations have rapidly deterio-
er said than done. But he must pay more heed rated since the installation of the conservative Lee 4714 B.C. — The Origin of Ju-
to public criticism that he has only talked too administration in 2008. Of course, North Korea is lian Period (Year 0)
much and taken little action. We urge him to do totally accountable for escalating tensions on the 1788 — London’s Daily Univer-
his best to make good on his people-oriented peninsula by launching long-range missiles and sal Register becomes The Times
pledges. conducting a second atomic bomb test early last 1801 — Ireland and the Great
In December, a consortium led by the state- year. But now, the government had better make its Britain (England and Scotland)
run Korea Electric Power Corp. (KEPCO) utmost effort to help mend ties with the North and form the United Kingdom
snatched a $20 billion deal with the United Arab solve a dispute over the isolated country’s nuclear 1861 — President Lincoln de-
Emirates (UAE) to construct nuclear power program. Where is the spirit of national reconcilia- clares slavery in Confederate
plants in the Middle East country. The contract tion and cooperation that had culminated following states unlawful
has raised hope for the nation that it can make the historic summit between leaders of the two Ko- 1912 — Sun Yat-sen forms the
another success story with its technological reas in 2000 and a subsequent one in 2007? Chinese Republic
breakthrough in nuclear power generation. We have too many things to do in 2010. And 1923 — The Union of Socialist
Seoul is scheduled to host a G20 summit of we have to bring significant changes to the na- Soviet Republics established
world’s major economies in November. The na- tion so that we can create a better future. Peo- 1946 — Emperor Hirohito of
tion can take advantage of the event to elevate ple’s support and active participation are essen- Japan announces he is not a god
its international status and move toward becom- tial to rebuilding the nation in the globalized 1958 — The European Eco-
ing an advanced country. world. nomic Community (Common
Market) starts operation
1979 — The U.S. and (People’s
Republic of) China begin diplo-
Overseas Comment matic relations
M
perhaps longer. was half that of Guantanamo not many lawmakers want to run r. President, you have of- students don’t cal English classroom in Korea. ates in science.
Barack Obama had commit- Bay. on bringing alleged terrorists to the ten eulogized about Ko- spend much Do you think it is possible for one Mr. President! Is it true that
ted, as one of his first acts as But the congressional leader- heartland, even if the heartland rea’s education system. time playing teacher to effectively teach one- you consider Korea to be a good
president, to closing the prison ship refused to include $200 mil- wants them. What would you say, however, video games to-one interaction for the purpose role model for American educa-
by Jan. 22. He has conceded he lion for the deal in a defense- This would put any transfer of if American children were driven and watching of learning communicative com- tional innovation? Do you really
will not meet that deadline. spending bill and later struck the detainees from Guantanamo into a hell of private tutoring, TV programs petence with more than forty stu- want American foreign language
And now a sensible plan for $100 million to at least start the Bay to Thomson well into 2011. juggling their time by going to and they endeavor to study dents in a class? classrooms to be jammed with
closing Guantanamo — housing process from the same bill. Meanwhile Guantanamo will re- four or five different private insti- math, science and foreign lan- Do you realize that Koreans are more than 40 students?
the remaining 211 detainees in The next chance the Obama ad- main as a monument to the time tutes for piano, Taekwondo, guages. They also study at some of the poorest in the world Are you willing to spend a
a new state prison in Illinois ministration will have to pay for America forsook its commitment math, English and writing schools one month more than at effectively communicating in great deal of money on your chil-
that never fully opened because the move will be a supplemental to human rights, due process and lessons after school? American students.” English even though they are ex- dren’s private tutoring for so
of budget problems — is bogged war-funding bill that Congress will the moral high ground. The only What if American middle and He added, “And so Americans posed to English classes for more many hours every day? Do you
down by political opposition, take up in March or April. beneficiaries of keeping the prison high school students were not have to envy the hard studying of than 10 years during their ele- hope American students will be
funding issues at the federal lev- If that doesn’t work, the prison open, aside from the terrorist re- only forced to memorize a great Korean students at schools and mentary and secondary school ed- trained to be exam machines for
el and the congressional calen- purchase will have to go through cruiters, are the remaining de- number of Spanish words and the enthusiasm and fever for ucation? Do you know why Kore- high scores through sacrificing
dar. the regular appropriations pro- tainees. grammatical sentence structures, children displayed by Korean ans are so poor at English speak- their creativity and humanity?
Obama had instructed the U.S. cess, which, even if it’s success- It is said that no matter how bad but were also trained to pick out parents.” ing? I wonder if you know that I wish I could be pleased to
Bureau of Prisons to buy, for a ful, means the money won’t be life at Guantanamo Bay may be, life correct answers for the sole pur- A few weeks ago, I was sur- Korea has had no Nobel Prize lau- hear that Americans are envious
price believed to be around $150 available until next fall or winter. in a federal supermax is worse. pose of obtaining high scores prised and pleased to hear that reates in science till now. of the Korean educational system
without learning how to actually you also lauded Korean parents It is well known that Korean and environment because it pro-
speak the language at all? for their enthusiasm for children’s high school students are driven in- motes motivation, creativity and
What if American high school education and Korean students for to an exam hell of cramming and humanity rather than focusing
students were obliged to remain their zeal and perseverance to at- memorization rather than creativi- on memorization, cramming and
and study at their schools for ob- tain high scores and to enter good ty and humanity because Korea is exam scores.
taining high scores and entering high schools and universities, in thought to be preoccupied with be- Then Korea would truly be-
43, 3-ga, Chungmuro, Chung-gu, Seoul (Postal code 100-013). good universities from the early triggering the same campaign. coming a society of test-oriented, come an international hub for
morning (7 a.m.) till midnight al- What an embarrassment for product-based, memorization-cen- promoting all aspects of the
most every day? What if there the President of the United tered education as opposed to a economy, education and society
ESTABLISHED 1950 MAIN TELEPHONE NUMBERS FOR ADVERTISING & SUBSCRIPTION
were no sports and creative ac- States, the most powerful coun- humanity-oriented, process-based, in the 21st century.
tivities taught at the elementary try in the world, to tout the Kore- creativity-centered education.
Editorial: (02) 724-2342 Please contact us at the following numbers. and secondary levels? an educational system! But was I As a result, Korean students The writer is an English teacher at Jeon-
Chairman
Political Desk: (02) 724-2343 Newsroom: (02) 724-2340 “I just want to mention the im- truly pleased or embarrassed to are trained to become like robots nam Middle School in Gwangju. He can
Chang Jae-ku
City Desk: (02) 724-2346 editor@koreatimes.co.kr portance not only of students but watch this proclamation on TV? for achieving high scores on ex- be reached at cth0707@hanmail.net.
President-Publisher Business Desk: (02) 724-2344 Advertising: (02) 724-2827 / 2828 also of parents, as in the case of Dear President Obama, is it ams, as opposed to being excel-
Park Moo-jong Finance Desk: (02) 724-2345 ktmkt@koreatimes.co.kr South Korea,” President Obama okay if I were to ask you how lent English communicators and
Opinion Desk: (02) 724-2265 Subscription: (02) 724-2715 / 080-023-6969 stated at a forum in Washington, much you really understand the problem solvers, which is said to The Korea Times
Managing Editor D.C. on the “Educate to Inno- Korean educational system or have resulted in a lack of motiva-
Culture Desk: (02) 724-2353 subscription@koreatimes.co.kr News on Internet
Lee Chang-sup Sports Desk: (02) 724-2352 Fax: (02) 736-4061 vate” campaign for U.S. excel- the real circumstances surround- tion and proficiency in creative
lence in science, technology, en- ing English language classes in thinking and learning, poor lan- http://www.koreatimes.co.kr
The Korea Times observes the Press Code of Ethics and the Standard of Conduct of Newspapermen.
gineering and math education. Korea? guage communicative compe-
2
Opinion FRIDAY-SUNDAY, JANUARY 1-3, 2010 9
W
hile international adop- hours after works of hospitals and unwed
tions to the U.S. hit a birth for mothers’ homes, it is impossible
13-year low in 2009, domestic for mothers to make fully
South Korea stands out as the adoption, fol- informed decisions for herself
only country — besides Ethiopia lowed by a and her baby.
— that increased international court proce- Jennifer Kwon Dobbs Jane Jeong Trenka Tobias Hubinette Parental rights should not be
adoptions to the U.S. over this dure. For severed from a hospital bed, a
past year. international adoption, no court occurred, they would do the privatized adoption agency, or
With the international trend procedure is necessary. same thing as any other mother an unwed mothers’ home that
clearly turning toward domestic Activists disagree with the — call for help. serves as a supply source for
solutions and family preserva- ministry, for two reasons: First, The children who are being international adoption agen-
tion, we may wonder why over 72 hours would continue to give sent for adoption are almost all cies.
1,080 babies went to the U.S. the legal base for preferring coming from unwed mothers’ Korea should write its adop-
from South Korea this year for domestic adoption over family homes, and of these mothers, tion laws to meet the highest
adoption. preservation. Second, there is 766 out of 1,114 mothers in standards, and it should take as
The answer lies in Korea’s nothing in the bill that changes 2008 were at least 20 years old. its model not the U.S. — where
adoption laws, which have been the way overseas adoptions are We can reasonably assume that the poverty rate is higher than
in the process of being revised by conducted. mothers who went to shelters or Korea’s according to the latest
the Ministry for Health, Welfare This means that overseas who are over the age of 20 are OECD statistics, and where one
and Family for the past year. On adoptions are again being pre- capable of making an emergency in five children suffer from
Dec. 29, the ministry held its ferred over domestic adoption, phone call. hunger, according to the most
final public hearing on its draft which is itself being preferred The matter of relinquishing a recent report by the U.S. Depart-
bill to revise the Special Adoption over family preservation. child for adoption is a grave and ment of Agriculture (USDA).
Law that governs international This hierarchy is exactly the life-altering matter. Mothers Instead, Korea should bench-
adoptions. opposite of recommendations by must have adequate counseling mark smaller European coun-
These laws have enabled the international laws on child wel- and time to deliberate before tries that truly practice just social
world’s oldest and longest con- fare, which state that family their legal relationship to their welfare policy. But as it stands
tinuously running overseas adop- preservation must come first, fol- child is severed. Even 72 hours is right now, babies sent for inter-
tion program in the world to lowed by domestic adoption, and not enough. national adoption will not have
send up to 200,000 children finally international adoption as At a different public hearing even the most basic safeguard of
overseas.
The fact that 89 percent of
children adopted overseas were
a last resort. on the Special Adoption Law
While the ministry is basing its held Nov. 10 at the National
ideas on the American model, Assembly and sponsored by Rep.
the court. Is it any wonder that
Korea has sent so many children
abroad when adoptions can be
Remembering 2009
born to unwed mothers in 2008 even better models for a small Choi Young-hee of the main expedited so easily? By Gwynne Dyer knowing that Western countries now, because that makes them
is an indication that the adoption country like Korea are Germany, opposition Democratic Party Korea must create just laws will go crazy again if they do. But look like foreigners’ puppets.
T
agencies’ system, which the law which allows mothers a mini- (DP), Kwon Hee-jung of the Kore- domestically if it is ever to raise he year 2009 was most it didn’t happen in 2009. In Iraq Prime Minister Nouri
oversees, targets a certain popu- mum of eight weeks for a single an Unwed Mothers Support Net- itself up to international stan- notable for the three bad What did finally happen at the al-Maliki emerged as a genuine
lation to meet the demand for child or 12 weeks for twins to work said one mother who came dards and ethics for adoption things that didn’t happen. beginning of 2009 was the long- strongman, centralizing power in
adoption. consent, or Sweden, where to her group wanted to get her and erase its “stigma” as an Firstly, the financial meltdown of overdue departure of the Bush his own office, staffed by his own
One major point that both the mothers may take six weeks to child back after she quickly con- “orphan-exporting country.” late 2008 did not plunge us all administration. party and clan.
government and activists agree decide. sented to adoption. Korea must finally move into a 1930s-style depression, Almost everybody outside the In Afghanistan another Ameri-
upon is the need to lengthen the In Germany and Sweden, as While she did finally get her beyond its shame and guilt about although there were plenty of United States, and many people can nominee, President Hamid
deliberation period during which well as many other developed baby back, the adoption agency the international adoption pro- pundits predicting that less than within it, were profoundly Karzai, embarrassed his patrons
it is illegal for a mother to relin- European countries and Aus- forced her to pay a large sum of gram and proactively formulate a year ago. relieved by that, but it imposed a by rigging his re-election last
quish her child for adoption — tralia, relinquishing children for money before giving back the laws that preserve families and As Stephen Schwarzman, huge burden of expectation on August too blatantly, but they
currently, mothers may relin- domestic adoption is rare child. The sum was so large that stop targeting unwed mothers head of the private equity com- the shoulders of his successor as had to accept him in the end.
quish a child while still in the because there are adequate legal she didn’t have enough money. when they are at their most vul- pany Blackstone Group, said last president, Barack Obama. And in Fantasyland-on-the-
womb. and economic protections for She asked to pay by credit card, nerable. March: “Between 40 and 45 per- It has been a difficult first year Gulf, aka Dubai, they could not
However, the opinions of single-parent families. but the agency demanded cash. cent of the world’s wealth has for Obama, who presumably make interest payments on some
activists and the ministry differ In the past, the ministry has A collection was taken up among Jennifer Kwon Dobbs, Ph.D., is assistant been destroyed in little more expected to have both his health- $50 billion in loans until Abu
greatly on the amount of time argued that child should be able friends, and finally the baby professor of English at St. Olaf College in than a year and a half.” care reforms and a climate Dhabi bailed them out.
that mothers are required to to be relinquished immediately could go home. Northfield, Minn. She can be reached at But all he was really saying change bill through Congress by The principal political events
deliberate before making a life- after birth, arguing that the Unfortunately, stories such as www.jkwondobbs.com. Jane Jeong was that a very specific kind of now. His problems with in Asia were the Indian election
altering decision for herself, child’s safety may be in jeop- these are all too common in the Trenka is president of the Truth and financial bubble had burst. All Afghanistan, however, are large- in May, which gave the ruling
her baby and future genera- ardy. adoption community. As long as Reconciliation for the Adoption Commu- the land and houses are still ly of his own making. Congress Party a resounding
tions. But mothers who care enough mothers are not given enough nity of Korea (TRACK, www.adoptionjus- there, and so are most of the fac- Calling Afghanistan the “good vote of confidence, and the
While the bill drafted by about their babies to have stayed time to deliberate, or are pres- tice.com). Tobias Hubinette, Ph.D., is a tories and jobs. war” (in contrast to Iraq) during August election in Japan, which
adoptees and unwed mothers in an unwed mothers’ home say sured or coerced by adoption researcher at the Multicultural Centre, There has certainly been a the election campaign was a use- brought the opposition Demo-
demands 30 days after birth for that if a medical emergency agencies and their vast net- Sweden. deep recession in the developed ful tactic to deflect accusations cratic Party to power after 52
countries, and the current slow that he was too peace-loving, but years of almost uninterrupted
recovery may be a false dawn: a now he’s stuck with it. He has rule by the Liberal Democratic
double-dip recession is still already ordered a doubling of Party.
That Was the Year That Was — Thank Heavens entirely possible.
Moreover, the vast amounts of
U.S. troop numbers in
Afghanistan, and he is now on a
But there was almost no con-
nection between these two elec-
By Dale McFeatters money spent by Western govern- very slippery slope. This war is tions in anybody’s mind: Asia is
Scripps Howard News Service ments to save the banks have left unwinnable, and it could destroy still little more than a geographi-
them with a staggering burden of him politically. cal expression.
I
t is safe to say that when the debt. But the worst has been In the meantime, Obama does Elsewhere in Asia, the most
ball drops and we ring in avoided, and in the developing small but useful things that do important military events were
the new year no one is countries there was scarcely not require Congressional assent, the Sri Lankan government’s
going to doff their party hat even a recession. like cancelling the Bush plan to decisive victory over the Tamil
and proclaim, “Hey, wouldn’t The second predicted disaster put a missile defense system in Tiger insurgency in May, which
it be great if the country could that did not come to pass was a Eastern Europe. brought a 26-year civil war to an
relive 2009?” killer global pandemic like the Or at least that do not need end, and the North Korean
The sooner we close the 1918 strain of influenza. Some- Congressional assent in advance, nuclear weapons test in the same
book on the past year, the bet- thing of that order is probably like a new and better Strategic month.
ter and, arithmetical accuracy still lying in wait for us down the Arms Reduction Treaty with The North Korean regime was
aside, it might not be a bad road, but the swine flu turned Russia (although that is still mainly using the test as a way to
idea to declare the first decade out to be much less lethal than being negotiated). He even tried blackmail the major powers into
of the 21st century over and was initially feared. to launch a new Middle East guaranteeing its future, and
get a fresh start on the next Considerable credit should go peace initiative, although that those powers are playing along
one. to those who made a vaccine was doomed from the start. as usual. They have no choice.
The year began on such a available much faster than was Iran was hardly ever out of the Thailand is caught up in a
high note. The largest, happi- thought possible, but basically news in 2009. The old question deepening struggle between the
est and best-behaved crowd in we just got lucky. of whether or not it is seeking poor majority and the old royal-
the history of the national cap- And the third bad thing that nuclear weapons stayed high on ist anti-democratic elites, incar-
ital gathered to witness the didn’t happen? The same bad the international agenda, but it nated in the recurrent street
inauguration of our first black thing that hasn’t happened every was overtaken by the new ques- clashes between the Red Shirts
president. year since 2001. There was no tion of whether the present lead- and the Yellow Shirts.
And that month had the mass loss of life (by which I ership could stay in power. In Myanmar (Burma), pro-
year’s feel-good moment mean more than a thousand President Mahmoud democracy leader Aung Sang
when Capt. Sully Sullenberger people murdered in a single inci- Ahmedinejad’s implausibly high Suu Kyi, though still under house
landed a crippled U.S. Air jet dent) due to terrorist action in level of voter support in the June arrest, has supported efforts by
on the Hudson River, all 155 any Western country. election ignited protests that the United States to open up
on board safe. Even a relatively large death have shaken the regime’s hold channels of communication with
But when Barack Obama toll like that should not be a rea- on power. the military junta. A military
went back down Capitol Hill all ed almost solely of destroying tage of it. Unfortunately the constantly on TV he was criti- son for any government to go If it is a revolution, it’s a very mutiny was successfully put
the problems that had vexed his. Obama’s Democratic lieu- cars they bought were the cized for not getting in front of berserk and start invading for- slow-motion one: the protesters down in Bangladesh in Febru-
his predecessor — a recession tenants in Congress seemed products of solvent — and for- a camera fast enough after a eign countries. A thousand peo- are not out on the streets every ary.
threatening to become a more than willing to reply in eign-owned — automakers. Nigerian nut job tried to blow a ple are a lot to lose, but it really day, or even every month. Most China’s emergence as a world
depression, two wars, a body kind. One of the most recognizable hole in an airliner. isn’t the end of the world. of them do not even want to player continued, with attention
politic acrimoniously divided As a child in Hawaii, Obama names and faces of 2009 was The disease that we worried A thousand people die of natu- overthrow the Islamic system; focused in particular on its
on partisan lines — were wait- perhaps never had every boy’s Bernie Madoff, an obscure about was not gazelle flu or ral and accidental causes in the just to reform it. expanding investments in Africa.
ing for him at the White dream of growing up to run a financier who bilked his clients bird of paradise flu but H1N1, United States (to pick a country But they keep coming out, The ex-imperial powers saw this
House. car company. Obama ended out of a truly breathtaking the prosaically named swine not entirely at random) about most recently just this week, and as neo-imperialism, but the ex-
Perhaps a better omen of up by default effectively run- amount of money, as much as flu. It was that kind of year. every three hours. Terrorism is they are not deterred by mass colonies themselves mostly took
what was to come was the Illi- ning two of them, GM and $65 billion. All the signs are that 2010 different, of course, but a rational arrests and systematic rape of a different view.
nois Senate voting unanimous- Chrysler. The hoax of the year, in a will be a much better year. It and measured response is still detainees, nor by Revolutionary They understood that China
ly to remove Gov. Rod Blagoje- In desperate efforts to try year that seemed to have a lot can’t be worse. required. Guards shooting to kill in the was trying to secure long-term
vich from office for attempting something, anything, to re-fire of them, was a small boy sup- You know very well that it streets. supplies of food, fuel and miner-
to sell Obama’s old U.S. Senate the economy, the administra- posedly trapped in a runaway Dale McFeatters is an editorial writer would be neither rational nor This is the way that the Shah als for a future in which it
seat. The dilemma then of how tion came up with a truly silver balloon. It was perpetrat- of Scripps Howard News Service measured. Although an overre- was overthrown: by slow believed that all those commodi-
to fill that seat was solved by bizarre $3 billion government ed for that most 2009 of rea- (www.scrippsnews.com). action is precisely what the ter- degrees, over a period of many ties would be scarcer, but at
installing a political hack. program called Cash for sons: His parents wanted to be rorists are seeking to provoke, months. It may not end the same least the Chinese paid well and
Obama’s hopes of biparti- Clunkers in which the feds on a reality TV show. domestic political realities in the way this time and the best thing didn’t subject their suppliers to
sanship, however unrealistic in offered up to $4,500 to people Obama left town for Christ- The Korea Times target country still make it likely everybody else can do is not to hypocritical lectures on human
the first place, were dashed trading in gas guzzlers. mas vacation on a high note — News on Internet that the response would be huge- meddle. rights.
when congressional Republi- In a tribute to the common Senate passage of health-care ly stupid and violent. Iranian protesters do not need
cans unsubtly announced that sense of the American public, reform — but had no time to http://www.koreatimes.co.kr So we go from year to year foreign support, and they cer- Gwynne Dyer is a London-based inde-
their legislative agenda consist- people rushed to take advan- savor it. Criticized for being waiting for the terrorists to suc- tainly do not need foreign trade pendent journalist whose articles are
ceed again on the scale of 9/11, sanctions to be applied right published in 45 countries.
1
10 FRIDAY-SUNDAY, JANUARY 1-3, 2010 Interview
National Assembly
N
ational Assembly Speaker Kim Hyong-o
has expressed his optimism that The
Korea Times, which marks its 60th Speaker Kim Hyong-o
anniversary this year, will become a global news-
paper in line with growing worldwide demand said that
for reliable, in-depth information about Korea.
Kim also expressed his hope that The Korea The Korea Times
Times will help narrow the deepening “English
divide.” will bear greater
“Unlike wealthy families, low-income earners
cannot afford to educate their children in English- responsibility
speaking countries or allow them to frequently
interact with native English speakers,” the 63-year- as Korea is
old said in an exclusive interview with the paper at
his office Monday. increasingly
He suggested that the government should
directly subsidize the subscription fee of local becoming a
English newspapers to children of low-income
families as a solution to the growing educational multicultural society;
problem.
“The Korea Times, which was born with the struggling to cope with
historic task of telling the world the truth about
the 1950-1953 Korean War, has vividly recorded an “English divide”
the ups and downs of the country’s modern his-
tory,” Kim said. between the haves
The Korea Times published its first issue on
Nov. 1, 1950, about four months after the out- and have-nots;
break of the fratricidal war, and has since been
the country’s longest running independent Eng- and preparing for
lish daily.
Kim, a five-term lawmaker who was formerly the first overseas
a journalist, said The Korea Times is now widely
regarded as one of the most reliable Korean absentee voting in
news media outlets by the foreign press, think
tanks and government agencies around the the 2012 National
globe.
“Over the past six decades, The Korea Times Assembly elections
has not only played the role as a window to
Korea, but has also grown into an international and presidential poll
newspaper read by half a million global citizens
every day,” he said. among 2.5 million
He pointed out that a bright future lies ahead
for the paper as it has a rich experience and Koreans residing
know-how in appealing to the global market, and National Assembly Speaker Kim Hyong-o speaks in an interview with The Korea Times at his office, Monday. Kim expressed his hope that The Korea Times will help narrow the deepening Eng-
is active in incorporating new technologies in its lish divide, suggesting that the government should directly subsidize the subscription fee of local English newspapers to the children of low-income families as a solution to the growing educa- abroad.
news content. tional problem. Korea Times Photo by Shim Hyun-chul
The Korea Times has recently launched a
mobile edition that allows 35 million iPhone and
iPod users worldwide to read the paper in a PDF
format on their handsets. Last year, it launched From Page 1
an online text to speech service, which enables
readers to listen to all of its articles.
Kim said that the paper will bear greater
Basic Law Assembly, especially the incident
involving hammers, which made the
stitution should be substantially
extended.
their spending plans for next year to
the National Assembly in October.
Branding National Assembly
International
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INSIDE WEEKENDER
Movies
Hotel/Airline Page 13
“Wedding Dress” Image of Korea Pages 14-15
. . . . . . . . . . . . . . . . Page 12 Around Town Pages 16-17
U-Know of pop group TVXQ Micky of pop group TVXQ Kim Hyun-joong of pop group SS501 Actor Choi Min-su Actress Choi Myung-gil Actor Choi Soo-jong Singer Cho Yong-pil
1
12 FRIDAY-SUNDAY, JANUARY 1-3, 2010
Now Showing
Nine
From the makers of “Chicago” comes a new musical movie. Guido, a
world-famous film director (Daniel Day-Lewis), while struggling to find a
new script and deal with a mid-life crisis, must balance his relationship
with the women in his life: his wife (Marion Cotillard), his mistress (Pene-
lope Cruz), his muse (Nicole Kidman), a journalist (Kate Hudson), his
costume designer (Judi Dench), a prostitute from his youth (Fergie) and
his mother (Sophia Loren). 15 and over. 118 minutes.
Cinus G Gangnam (02-530-8400) near exit 5 of Gangnam Station on subway line 2
CGV Gangdong (1544-1122) near exit 2 of Gangdong-gu Office Station on subway line 8
Primus Sillim (1544-5522) near exit 7 of Sillim Station on subway line 2
Management
Mike (Steve Zahn), a laid back motel manager, and Sue (Jennifer Annis-
ton), an uptight sales representative, briefly cross paths during Sue’s
business trip. Convinced that Sue is the woman of his dreams, Mike pur-
sues her across the country, bringing chaos — though not an entirely
unpleasant one — into Sue’s orderly life. 15 and over. 94 minutes.
Megabox Coex (1544-0600) inside Coex Mall near exits 5 and 6 of Samseong Sta-
tion on subway line 2
Joongang Cinema (02-776-8866) near Euljiro 1-ga exit of Euljiro 3-ga Station in
subway line 3
Alvin and the Chipmunks: The Squeakquel Actresses Song Yoon-ah, left, and Kim Hyang-gi star in a heartfelt story about a precocious young girl who prepares to part with her cancer-struck mother.
In this sequel, the world-famous singing chipmunk trio — Alvin, Simon and Courtesy of Sidus FNH
Theodore — return to school. In order to save the school’s music program,
On Mother-Daughter Bonding
they have to battle other bands to win a $25,000 prize. But they unexpected-
ly meet their match in an all-girl trio, The Chipettes, comprised of Brittany,
Eleanor and Jeanette. How will the chipmunks handle the situation, amid the
pressures of academics, fame and rivalry? All ages. 88 minutes.
Cinecity (02-540-2500) near exit 3 of Apgujeong Station on subway line 3
Artreon Sinchon (1644-2208) near exit 4 of Sinchon Station on subway line 2 By Lee Hyo-won ly running around to correct mis- will never get to see. thereof — of her immature single
Seoul Cinema (02-2277-3014) near exit 14 of Jongno 3-ga Station on subway lines Staff Reporter takes than working with chiffon. So-ra is preoccupied with her mom, and begins to shy away
1, 3 and 5 (The amiable actress, who is own problems, having to deal with from kissing her; but naturally,
Amid the speedy, adventure- more familiar in more elegant a borderline case of obsessive she cannot live without her.
Woochi packed film releases, “Wedding roles, is at times surprisingly irri- compulsive disorder, which causes The movie’s heartfelt moments
This modern reinterpretation of the Jeon U-chi chronicles takes viewers Dress,” a mellow family drama tating as the scatterbrained her to refuse to share food with are rooted in So-ra’s coming-of-
back to the Joseon Kingdom (1392-1910), when Taoist wizards and evil with an andante tempo, seeks to woman). others. She is ostracized at school age as she pretends to be oblivious
goblins fought over a magic flute. Woochi (Kang Dong-won) is a trouble- provoke a different sensibility — Nevertheless, the young wid- and even cuts ballet class, finding to her mother’s condition while
making ascetic-in-training who abuses his Taoist magic to play pranks. to gently pull at the heartstrings ow manages to make ends meet refuge in hanging out at the neigh- trying to make the best of their lim-
When Woochi and his sidekick Choraengi are framed for murdering their of sometimes over-stimulated for herself and her loving, boring “taekgyeon” (a Korean ited time together, by fulfilling her
master, they are banished to live inside paintings. But when the goblins viewers. though rather cheeky, little martial art) class. mother’s wishes one by one.
return for the flute in modern-day Seoul, Taoist wizards summon Woochi The teary mother-daughter daughter So-ra (Kim). She may Local screens, both big and The movie follows in the foot-
back. 12 and over. 136 minutes. No English subtitles available. story may be more appropriate not be the most adept parent but small, has been dominated lately steps of films that highlight famil-
Cinecity (02-540-2500) near exit 3 of Apgujeong Station on subway line 3 for a May release in time for is most certainly the most loving, by deeply flawed personalities, ial love that flows upstream, from
Cinus G Gangnam (02-530-8400) near exit 5 of Gangnam Station on subway line 2 Family Month, and it would have and never forgets to pick up an both fictional and real. So-ra, child to parent, while dealing
greatly benefitted from some umbrella-less So-ra from school adorable as she is, exhibits a rela- with premature death. A notable
heavy editing to speed up the when it’s pouring outside. tively mild case of unpleasant fits candidate for comparison is
Sherlock Holmes painful crawling pace and Meanwhile, Go-un — or rather compared to other “national brats” “Aeja,” about a bickering mother
Detective Sherlock Holmes (Robert Downey Jr.) and his partner Dr. straight-to-DVD movie quality. the pitchy-voiced Song — in the media, but the film’s comic and daughter who learn to bond
Watson (Jude Law) wrap up yet another successful case by catching Nevertheless, compelling child redeems herself by revealing that relief mostly revolves around So-ra in the face of terminal illness.
the evil Lord Blackwood. But when Blackwood mysteriously returns actress Kim Hyang-gi turns her exaggerated efforts at mak- being less-than-pleasant to her “Wedding Dress” may have
from the grave to resume his killings, the duo must stop him from cliched predictability into some- ing everyone around her happy enthusiastic mother. been stonger and delivered the
threatening all of England. In the process, they become entangled in a thing tastefully classic, and the are simply a means of preparing So-ra, who has learned to look narrative more effectively had it
web of murder, black magic and the seduction of the beautiful Irene movie will undoubtedly become for her death (though the movie after herself from a young age, is shown the entire story from the
Adler. 12 and over. 128 minutes. a steady cable TV movie listing makes no secret of the fact that always pouting if not also mum- child’s perspective. But its dramat-
Cinecity (02-540-2500) near exit 3 of Apgujeong Station on subway line 3 for the general audience. she has cancer). The film’s title bling her nagging comments to ic quality is at the same time
CGV Gangnam (1544-2280) connected to Gangnam Station on subway line 2 Song Yoon-ah plays the role of alludes to Go-un’s ultimate part- her mother. The precocious heightened by the switch in per-
Go-un, a wedding dress designer ing gift, a special dress for her young girl may have grown up spective. In theaters Jan.14.
Fantastic Mr. Fox who is more often seen frantical- daughter’s wedding, which she too fast under the care — or lack hyowlee@koreatimes.co.kr
Roald Dahl’s story comes to the big screen as an animation. Despite his
ge
Central Seoul Fantaseum Gangnam & COEX rid
Theater list gs
u
B
Dongsoong
Dongsoong Apgujeong on
- Central Seoul Se
Cinematheque
Cinematheque Spongehouse
Seoul Art Cinema (02) 741-9782 www.artsonje.org Kukje Gallery
Cine Cube (02) 20(02)7770 www.cinecube.net Hyehwa Cine
Cine Plus
Plus
Jeongdok
Flim Forum (02)-764-6236 www.filmforum.co.kr Gyeongbok Palace Changdeok Palace Sinsa
Public Library
Anse Cine City
CGV 1544-1122 www.cgv.co.kr Changgyeong Palace Hospital
Artsonje Center
Joongang Cinema (02) 776-8866 www.joongangcinema.co.kr Cinema OZ Broadway
/Seoul Art Cinema
Scara (02) 2277-4151 www.cinecine.co.kr
Daehan Cinema (02) 3393-3500 www.daehancinema.co.kr Anguk Lumiere
Gyeongbokgung
Myungbo Plaza (02) 2274-2121 www.myungbo.com Yulgokno Megamax
Seoul Cinema (02) 2277-3014 www.seoulcinema.com City Movie Theater
Sponge House (02) 2285-2090 www.spongehouse.com Jongmyo Shrine
Insa-dong
1588-1907 USA
Dansungsa Cinema www.dansungsa.com Sejong Center for
Gangnam Yeoksam Seonneung
Embassy
Piccadilly Cinema (02) 3676-7942 www.thepicca.co.kr the Performing Arts Hollywood Dongdaemun
Gwanghwamun Piccadilly Jongno 5-ga
Dongsoong Cinemateque (02) 741-3991 www.dsartcenter.co.kr Cinema Cinema Dansungsa Sinchon
MMC (02) 2268-9111 www.mmc24.co.kr Cinema Ewha
Jonggak
Womans Univ.
- Gangnam Cine Cube Bosingak Jongno 3-ga
Broadway 1544-9150 www.bc5.co.kr
Sponge MMC
House Seoul
Lumiere (02) 545-3800 www.lumiere.co.kr Deoksu Palace
Cinema
Megabox 1544-0600 www.megabox.co.kr City Hall Euljiro 4-ga
Euljiro 1-ga
Dongdaemun
City Movie Theater (02) 561-3388 www.citycinema.co.kr
Joongang Euljiro 3-ga Stadium
Cine City 1644-0757 www.icinecity.co.kr City Hall Myungbo Artreon
Cinema
CGV Plaza
- Sinchon Myeongdong 5 Sinchon
Megabox Sinchon 1544-0600 www.megabox.co.kr Myeongdong Scara Jung-gu Office Ewha Womans
Univ.
Sinchon Grand Cinema (02) 320-2500 www.cinecine.co.kr Namdaemun
Artreon 1644-2208 www.artreon.co.kr Cats21
Market
Myeongdong Chungmuro Daehan Cinema Yonghwa Nara
1
FRIDAY-SUNDAY, JANUARY 1-3, 2010 13
Sujeonggwa
p.m. to 9 p.m. every day. p.m., the chef’s set menu is
If guests order one of the a priced at 45,000 won. All
la carte entrees featured in the prices are exclusive of tax.
promotion, one king crab For more information, call
(Semi-Dried Persimmons With Cinnamon in Ginger Broth) starter such as the king crab (02) 6282-6759.
salad or a king crab cocktail
New Year’s Day is not com- or GRAND MARNIER ger and cinnamon. Kim Yong-ja will be offered on the house.
plete without “sujeonggwa.” 3 cups WATER Also the chef’s four-course set
Good quality semi-dried per- 2 oz/56 g GINGER, peeled 3. Chill well in the refrigerator menu will be offered at half the
simmons have a slightly thick and cut in half for at least 4-5 hours. When normal rate — the chef’s set
white skin outside but are soft 3 heaping tablespoons HON- ready to serve, gently pour the menu is usually 90,000 won
inside. EY broth into the individual bowls, but during this special time-
Traditionally, the dried per- 1/3 teaspoons POWDERED being careful to leave behind the line, it is on offer at 45,000
simmons are soaked in a large CINNAMON sediment that has collected at the
quantity of syrup, but I changed 1 heaping tablespoon PINE bottom of the pot.
the ingredients in order to NUTS Add the persimmons to the
enhance the taste of the per- bowls, either in bite-sized or larg- Cornerstone, the Park Hyatt chocolates,” ideal for a late
simmons. 1. Cover the persimmons with er pieces. Sprinkle with pine nuts. Seoul’s main restaurant, will lunch. The dishes are served
You can use any sweet liquor sweet liquor (plum wine, rum or present “Weekend Desserts” with freshly squeezed juices,
to soak the persimmons. Grand Marnier). Keep them in a every weekend afternoon in smoothies, premium coffee or
Although you need to start covered jar for a week. The fruit January. The “Weekend organic tea to complement the
preparing this dessert a week soaks up the liquor as it softens. This is an excerpt from “Korean Desserts” features a table full endless array of sweets and
in advance, the process itself is Cuisine: Healthy Food, Full of Fla- of mini-savories and delicacies, delicacies.
quite easy. 2. Bring the water to a boil in a vor” (Yekyong Publishing, 224 including ham croissants and The package is priced at
pot with ginger pieces and gently pp., 28,000 won). The book is on smoked salmon croque mon- 25,000 won, exclusive of tax,
INGREDIENTS (serves 4) simmer for 4-5 minutes. sale at major bookstores such as sieur, Lavoche bread with and is available from 3 p.m. to
Let it cool. Discard the ginger Kyobo Bookstore, Youngpoong camembert cheese, homemade 5 p.m.
6 whole semi-dried PERSIM- pieces and add honey and cinna- Bookstore and Bandi & Luni’s. – ice-cream sundaes, fresh oven- For more information, call
MONS (8 oz/ 225 g) mon to the broth. You should be ED. baked scones, cakes, maca- (02) 2016-1234 or (02)2016-
1 1/2 cup PLUM WINE, RUM able to distinctively taste the gin- Sujeonggwa, or semi-dried persimmons with cinnamon in ginger broth roons, tarts, cookies and 1220.
1
14 FRIDAY-SUNDAY, JANUARY 1-3, 2010 Subway 15
25th Hour on
Seoul Metro
Subway inspectors pose with a railroad inspection train dubbed “Dr. Find” at a Seoul depot. From left, Lee Won-dae, Jin Cho-hwan, Cho Young-man, Two subway inspectors check out the operation system The first train, which departs exactly at 5:08 a.m., passes through a subway tunnel Tuesday.
Jeong Ki-hun and An Kyung-ho. before the first subway train departs on Tuesday at a depot
in southern Seoul. Korea Times Photo by Shim Hyun-chul
00:35 a.m. 01:17 a.m. 01:39 a.m. 02:00 a.m. 03:10 a.m. 04:23 a.m.
U
a.m., thirty minutes later than usual after Chill winds from subway tunnels ly” 05:08 a.m. and arrive at Dogok NDERGROUND SEOUL — At around 1 a.m., when Seoul, the city estimated 4.5 million people to enjoy safe, clean and convenient under- entire railroad four times a year. by 04:30 a.m.” Nearly two thirds of The two drivers for Tuesday’s first train —
additional services aimed at aiding the radically dropped the temperature of station, five stops away, at 05:28 of 12 million people, is heading to bed, some 1,400 people are ground travel every single day. The train left the base and trundled the floor remained untouched. Min Kyung-sik and Lee Dae-nam — arrived
snow-hit road traffic. the station, but it did nothing to halt a.m. starting their morning, putting on their hard hats and getting their But not many citizens are aware of this. to Hakyeoul station. “Driving the On way back to the base, Jin said, at newly-assigned train No. 326 at 04:30
“Our work starts after the last train the progress. “I feel happy when I wrap up the toolboxes, in order to ensure a smooth and safe tomorrow for millions of Ahead of New Year’s Day, The Korea Times spent a night with the sub- train at this time is much more risky “Frankly, night work is tough. I was a.m. and the inspectors wished them good
leaves the station. And it continues until “It’s so cold. But I do it to make a operation as scheduled without any commuters using the megacity’s spider web of subways. way workers, often described as “morning breakers,” at two subway sta- than during the day time,” said Jin told that overnight work would morning and handed over the key.
the arrival of the first subway for tomor- living,” a female worker said, smirk- trouble,” Yoon said, smiling. They clean up, inspect and repair a total of 290 subway stations scat- tions and a regional base, catching a glimpse of their overnight duties. who has been engaged in this field shorten my life span. But I do this job “We usually wake up one hour ahead of
row,” another worker said. “The deadline ing. tered around Seoul and its neighboring areas, the hundreds of kilometers pss@koreatimes.co.kr for fifteen years. “During the day for a feeling of satisfaction that I can- departure,” said Min, who has operated sub-
to complete the installation has already time, the subway tunnels are free not get elsewhere. way trains since 1985.
passed. So we have to make it as early as from people, but it’s not the case at “You don’t know the feeling we A briefcase he was holding was packed
possible. But such an extended operation night. Many inspectors patrol the get when we see the subway run- with a roll of newspapers and toilet paper.
makes it tougher for us to do so.” tunnel to locate any problems with ning smoothly with the rising sun as “These are must-have items for subway
the walls, tracks or the power lines.” the backdrop. I think this is my call- drivers,” he said. “We will have no time to
He frequently sounds the horn in ing.” go to the restroom for up to three hours.
warning and pays greater attention This is for emergencies.”
when the train approaches a curbed Lee, who has done this job for 13 years,
line or a station under construction. added, “All subway drivers will understand
“In the 1980s, all inspection prac- this.”
tices were conducted by foot patrols. Min stressed that the first drivers are
It was common at that time for peo- responsible for the train departing as sched-
ple with heavy equipment to be uled and arriving at stations on time.
walking alongside the tracks all night “The first subway has more significance
long,” he said. than the following ones,” he said. “It’s like
the first steps in life. If we do this right, the
rest of the day will go smoothly. If not, how-
ever, major efforts will be added to get it
back on the right track.
“Subway staff should put work ahead of
their private life and entertainment for the
Two subway drivers for general public. In particular, we work longer
Tuesday’s first train on holidays and during this time of year. But
bound for Daehwa An inspector checks the satisfaction we get doing this job is much
check the operation sys- to ensure that the stronger.”
tem ahead of its depar- doors of a subway At around 4:50 a.m. when the train
ture from a regional train are working arrived at Chungmuro station in central
base in southern Seoul. properly. Seoul, its ten carriages capable of carrying
up to 3,500 passengers were already crowd-
ed.
A woman cleans the tracks using a machine at Hakyeoul station. Trains are parked with their lights on at a Seoul depot at nighttime to avoid mechanical problems from the cold weather. Subway drivers and inspectors check the carriages.
14 FRIDAY-SUNDAY, JANUARY 1-3, 2010 Subway 15
25th Hour on
Seoul Metro
Subway inspectors pose with a railroad inspection train dubbed “Dr. Find” at a Seoul depot. From left, Lee Won-dae, Jin Cho-hwan, Cho Young-man, Two subway inspectors check out the operation system The first train, which departs exactly at 5:08 a.m., passes through a subway tunnel Tuesday.
Jeong Ki-hun and An Kyung-ho. before the first subway train departs on Tuesday at a depot
in southern Seoul. Korea Times Photo by Shim Hyun-chul
00:35 a.m. 01:17 a.m. 01:39 a.m. 02:00 a.m. 03:10 a.m. 04:23 a.m.
U
a.m., thirty minutes later than usual after Chill winds from subway tunnels ly” 05:08 a.m. and arrive at Dogok NDERGROUND SEOUL — At around 1 a.m., when Seoul, the city estimated 4.5 million people to enjoy safe, clean and convenient under- entire railroad four times a year. by 04:30 a.m.” Nearly two thirds of The two drivers for Tuesday’s first train —
additional services aimed at aiding the radically dropped the temperature of station, five stops away, at 05:28 of 12 million people, is heading to bed, some 1,400 people are ground travel every single day. The train left the base and trundled the floor remained untouched. Min Kyung-sik and Lee Dae-nam — arrived
snow-hit road traffic. the station, but it did nothing to halt a.m. starting their morning, putting on their hard hats and getting their But not many citizens are aware of this. to Hakyeoul station. “Driving the On way back to the base, Jin said, at newly-assigned train No. 326 at 04:30
“Our work starts after the last train the progress. “I feel happy when I wrap up the toolboxes, in order to ensure a smooth and safe tomorrow for millions of Ahead of New Year’s Day, The Korea Times spent a night with the sub- train at this time is much more risky “Frankly, night work is tough. I was a.m. and the inspectors wished them good
leaves the station. And it continues until “It’s so cold. But I do it to make a operation as scheduled without any commuters using the megacity’s spider web of subways. way workers, often described as “morning breakers,” at two subway sta- than during the day time,” said Jin told that overnight work would morning and handed over the key.
the arrival of the first subway for tomor- living,” a female worker said, smirk- trouble,” Yoon said, smiling. They clean up, inspect and repair a total of 290 subway stations scat- tions and a regional base, catching a glimpse of their overnight duties. who has been engaged in this field shorten my life span. But I do this job “We usually wake up one hour ahead of
row,” another worker said. “The deadline ing. tered around Seoul and its neighboring areas, the hundreds of kilometers pss@koreatimes.co.kr for fifteen years. “During the day for a feeling of satisfaction that I can- departure,” said Min, who has operated sub-
to complete the installation has already time, the subway tunnels are free not get elsewhere. way trains since 1985.
passed. So we have to make it as early as from people, but it’s not the case at “You don’t know the feeling we A briefcase he was holding was packed
possible. But such an extended operation night. Many inspectors patrol the get when we see the subway run- with a roll of newspapers and toilet paper.
makes it tougher for us to do so.” tunnel to locate any problems with ning smoothly with the rising sun as “These are must-have items for subway
the walls, tracks or the power lines.” the backdrop. I think this is my call- drivers,” he said. “We will have no time to
He frequently sounds the horn in ing.” go to the restroom for up to three hours.
warning and pays greater attention This is for emergencies.”
when the train approaches a curbed Lee, who has done this job for 13 years,
line or a station under construction. added, “All subway drivers will understand
“In the 1980s, all inspection prac- this.”
tices were conducted by foot patrols. Min stressed that the first drivers are
It was common at that time for peo- responsible for the train departing as sched-
ple with heavy equipment to be uled and arriving at stations on time.
walking alongside the tracks all night “The first subway has more significance
long,” he said. than the following ones,” he said. “It’s like
the first steps in life. If we do this right, the
rest of the day will go smoothly. If not, how-
ever, major efforts will be added to get it
back on the right track.
“Subway staff should put work ahead of
their private life and entertainment for the
Two subway drivers for general public. In particular, we work longer
Tuesday’s first train on holidays and during this time of year. But
bound for Daehwa An inspector checks the satisfaction we get doing this job is much
check the operation sys- to ensure that the stronger.”
tem ahead of its depar- doors of a subway At around 4:50 a.m. when the train
ture from a regional train are working arrived at Chungmuro station in central
base in southern Seoul. properly. Seoul, its ten carriages capable of carrying
up to 3,500 passengers were already crowd-
ed.
A woman cleans the tracks using a machine at Hakyeoul station. Trains are parked with their lights on at a Seoul depot at nighttime to avoid mechanical problems from the cold weather. Subway drivers and inspectors check the carriages.
16 FRIDAY-SUNDAY, JANUARY 1-3, 2010
2010
Economic Outlook
By Lee Hyo-sik debts for households and small busi- and other negatives,”
nesses.” Lee said.
T
he Korean economy is expected tance of deregulating the service sector the collapse of Lehman
to experience a V-shaped in order to jumpstart the economy and Brothers in September
Bears in 2010
rebound in 2010 on the back of create jobs, adding the government last year, international
strong exports and recovering private should lower the entry barrier in the investors dumped local
consumption and domestic demand. service industry and foster the startup stocks and bonds, and
However, analysts say that the of new businesses. took dollars out of
nation should remain vigilant against a Samsung Economic Research Insti- Korea en masse, send-
number of downside risks at home and tute (SERI) economist Hwang In-seong ing share prices and the By Kim Tae-gyu upgraded in the Morgan Stanley Cap- plummet 8.6 percent on average dur-
abroad, as well as make more efforts echoed Lim’s view, saying Korea Korean won into a Staff Reporter ital International (MSCI), the buying ing the third year of their terms.
to prop up the sluggish job market and should advance the service sector and nosedive. spree would be accelerated.” This compares to the average sec-
O
improve fiscal soundness in order to find new growth engines as soon as Many foreign n the Seoul ond-year performance — share
achieve sustainable growth down the possible to enter the league of investors and media bourse, Overseas Players prices rocketed by more than 30 per-
road. advanced economies. outlets said the country optimists cent. President Lee also enjoyed up
They also suggest that Asia’s fourth- “Domestic businesses need to boost would be the hardest- are easily spotted The MSCI is a renowned equity to a 50-percent rise in share prices in
largest economy should nurture new their risk management and constantly hit Asian nation, citing these days as a index compiler that opted not to 2009, his second year.
growth engines in the areas of renew- monitor changes in the global market its huge short-term majority of econo- upgrade Korea to a developed mar- Obviously, the current administra-
able energy development and other against a number of remaining down- borrowing from mists came up ket this June. But a reclassification tion would not be happy if this jinx
“green” growth sectors, and lower the side risks. The Korean won will likely abroad, the sharp with rosy predic- review is scheduled for next year. holds true for President Lee’s third
entry barrier across service-oriented continue to strengthen against the dol- depreciation of the local currency and tions, while pessimists are hard to Being upgraded on global indexes year in 2010.
businesses and support competitive lar next year, weakening local other unfavorable conditions. They locate as far as stock price forecasts typically attracts foreign funds, as a “Traditionally, presidents have
small firms. exporters’ price competitiveness, with even raised the possibility that the are concerned. host of international equity funds are boosted the stock markets in their
But analysts differ over the timing of rising crude oil and other raw material country could face a recurrence of the Most domestic brokerages project only allowed to invest in developed first years through generous stimulus
an “exit strategy,” with some urging prices,” he said. foreign exchange crisis. that the benchmark KOSPI, which markets. packages. But the momentum starts
the government and the central bank In contrast to KDI economist Lim’s The Korean economy contracted by has moved between 1600 and 1700 Such an effect was experienced to disappear over the third year and
to discontinue extraordinary monetary view, Hwang said the government 5.1 percent in the fourth quarter of of late, will experience an upward this year when the Financial Times this prompts a bearish run,” Shinhan
and fiscal measures enacted in the should maintain its expansionary policy 2008 from the previous three-month trend and climb to the vicinity of Stock Exchange (FTSE) elevated Investment Corp. analyst Lee Sun-
wake of the global financial meltdown, stance for the time being to bolster the period and grew only by 0.1 percent in 2000. Korea’s status to an advanced mar- yup said.
citing a possible property the following quarter. Foreign-based securities firms are ket in September. Thanks in no small “However, things might be differ-
market bubble and other However, the nation much more optimistic, including part to the upgrade, the country has ent this time around because equities
potential side effects. “We think the ongoing rebound will has emerged as one of Goldman Sachs, which said that the attracted more than 30 trillion won prices have been overwhelmingly
But others say that a the fastest recovering KOSPI could skyrocket to as high as to the Seoul bourse this year. influenced by the global financial cri-
range of special measures continue to gain pace down the road economies in the world 2700 points under the best-case sce- “If the MSCI follows the FTSE in sis rather than political business
should remain in place for since the second quarter nario. advancing Korea into the developed cycles.”
the time being to facilitate
and the extent of the fiscal stimulus will of 2009, thanks largely This would require the index to market category, the step would
the ongoing recovery, weaken. But there is no need for the to the timely government surge 60 percent next year after crank up investment in the Seoul Where Did the Pessimists Go?
adding that the private stimulus package and jumping more than 50 percent this capital markets,” Korea Financial
sector’s activities will not government and the BOK to rush to stronger-than-expected year. Investment Association Chairman A year ago, the Seoul bourse was
be strong enough next withdraw expansionary steps. They outbound shipments. “The gross domestic product (GDP) Hwang Kun-ho said. inundated by gloomy predictions.
year to make up for the Gross domestic prod- is expected to expand around 5 per- “The domestic markets are closer Such extreme forecasts said that the
waning fiscal stimulus should do this in accordance with their uct (GDP) expanded 3.2 cent — pretty high for the developed to the advanced ones, considering of KOSPI would plunge to around 500
package. foreign counterparts.” percent in the third economy. But the Bank of Korea may their rich liquidity, vigorous transac- points under the worst-case scenario.
“We think that the quarter from the second keep the interest rate low in fear of a tions in both futures and spot mar- The atmosphere is different now
economy has entered a quarter, the largest double dip,” Shin Young Securities kets as well as dynamic economic but all the pessimists have not disap-
full-fledged recovery phase since July. ongoing economic recovery. “We expect quarterly growth since the first quar- analyst Kim Se-jung said. infrastructure.” peared.
We expect the country’s GDP to the economy to expand 4.3 percent in ter of 2002, when output rose 3.8 per- “This rare combination of robust Government organizations such as “Basically, we think the stock mar-
expand 5.5 percent in 2010, following 2010 from this year. Private sector cent. economic expansion and low interest the Financial Services Commission ket will be in a slump early next year
a 0.2 percent gain this year. Against activities — domestic consumption and It also grew 0.9 percent from July to rates will underpin the stock markets (FSC) have also been pulling out all because the U.S. economy has yet to
this backdrop, now is the time for the investment — will likely continue to September from the same period last next year. We think the KOSPI will the stops for the promotion. demonstrate clear signs of recovery
government to strategize on how to remain weak throughout 2010, not to year, the first year-on-year increase approach the 2000-point plateau.” “We are working hard to make in consumption and employment,”
effectively move away from the steps it mention the stagnant job market condi- since the third quarter of 2008. The government as well as most progress in the areas specified by the Woori Investment & Securities econ-
took to minimize the economic down- tions. Without fiscal spending, the econ- Reflecting a faster-than-expected private think tanks have projected MSCI. We hope that such efforts will omist Lawrence Kim said.
turn, in order to head off the after- omy may fall back again.” growth over the past two quarters, the that Asia’s fourth-largest economy enable us to advance to developed “In addition, the appreciating
shock of the expansionary measures or LG Economic Research Institute government has become substantially will expand by approximately 5 per- market status next year,” said FSC Korean won is feared to undercut the
a real property bubble,” Korea Devel- economist Lee Geun-tae echoed more upbeat about next year’s eco- cent in 2010 on a year-on-year basis. Director Lee Hyun-cheol, who leads bottom lines of Korean exporters,
opment Institute (KDI) economist Lim Hwang’s view, saying the government nomic outlook, while private economic The central bank cut the bench- the Capital Market Division. which have single-handedly propped
Kyung-mook said. should continue to spend more than it research institutes at home and abroad mark interest rate to a record-low 2 Daishin Securities expects foreign- up the economy.”
But policymakers and central earns next year and that the central have also rushed to revise upward percent early this year and did not ers to net around 20 trillion won in Indeed, the won-dollar exchange
bankers have pledged to continue bank should keep its key policy rate at Korea’s growth projections for this surrender to the continual requests purchases next year based on the rates have been high throughout this
expansionary fiscal and monetary poli- 2 percent for the foreseeable future to year and the next. of critics that the rate should be lifted investment portfolio of global hedge year, offering price competitiveness
cies until they see a sustainable recov- promote the recovery. The government projects the econo- to counter inflationary pressure or funds. for Korean companies.
ery, citing slowing growth momentum “We think the ongoing rebound will my will expand by 5 percent in 2010 the threat of asset price bubbles. In March, the rate once
and growing external uncertainties, continue to gain pace down the road from a year earlier, with the Bank of “Exporters will continue to record Third-Year Jinx approached 1,600 won per dollar.
such as Dubai’s recent debt problem. and the extent of the fiscal stimulus Korea (BOK) setting the 2010 growth respectable performances next year. But it headed downward there-
Lim then said Korea should will weaken. But there is no need for forecast at 4.6 percent. This will buoy the share prices. In Ever since the five-year presiden- after to below the 1,200 won mark.
strengthen its monitoring of the global the government and the BOK to rush Last month, the OECD raised its my view, the KOSPI has a shot at tial term was introduced in 1988, the Most economists expect the rate will
financial market to more effectively to withdraw expansionary steps. They 2010 growth projection for the nation leaping to about 2070 points next Korean stock markets have faced a further go down, to below the 1,100
cope with a range of potential down- should do this in accordance with to 4.4 percent from the previous 3.5 year,” IBK Securities strategist Oh strange jinx that the share prices won milestone, which would be bad
side risks. “Some Eastern European their foreign counterparts. For busi- percent, with the International Mone- Jae-youl said. struggle in the middle of the tenure. news for Korean exporters such as
countries could fall into deep trouble nesses, they should make an all-out tary Fund (IMF) boosting Korea’s 2010 “In addition, overseas investors The previous four presidents Samsung Electronics and Hyundai
over rising debts, on top of the contin- effort to enhance their competitiveness outlook to 3.6 percent from the previ- are expected to continue to be in a before incumbent President Lee Motor.
ued U.S. market jitters. At home, we and develop new markets to cope with ous 2.5 percent. buying mode. Should Korea be Myung-bak have seen share prices voc200@koreatimes.co.kr
should watch out for snowballing the strengthening of the local currency leehs@koreatimes.co.kr
19
Interview FRIDAY-SUNDAY, JANUARY 1-3, 2010
‘Risk-Based Capital’
to Change Paradigm
of Insurance Industry
Allianz Life Insurance CEO, Cheong Mun-kuk
T
he adoption of risk-based capital example, sold Dresdner Bank to Com- tions.” and old age provision seem to have there are 22. Insurers also have to
(RBC), an evaluation system merzbank before the outbreak of the He attributed the low insurance cov- become the main theme of the global compete with other financial business-
designed to provide a capital ratio in terms of RBC stands at 361.1 global financial crisis. There was some erage to the seller-oriented market. “It insurance market. A new silver market es like banks and investment compa-
adequacy standard related to risks and percent as of September, 142.4 per- talk about diversification, but the key wouldn’t have been easy for salespeo- is being formed in products such as nies over the retirement market.”
to raise a safety net for insurers, will centage points higher than the industry should be concentrating on one’s core ple to convince the subscribers that long-term care insurance policies. He said that Allianz should differen-
change the paradigm of the insurance average of 218.7 percent. In fact, business,” he said. they need, say, 500 to 600 million won He added that as a global insurer, tiate itself from others to win the com-
industry, Allianz Life Insurance CEO Allianz adopted a strict risk manage- He added that insurance companies insurance money for their family since Allianz has a stock of experience petition, citing “Powerdex Annuity
said. ment system of its own in 2002, watch- should also put more weight on tradi- the premium would go up. They didn’t regarding the retirement market from Insurance” as a prime example.
“The adoption of RBC means much ing the duration of liability, cash flow tional insurance products rather than think about the consumer’s needs. its experience in Germany and the chizpizza@koreatimes.co.kr
more than the strengthening of regula- and the interest rate of each product on investment products like derivative They just wanted to sell,” he added. United States. Its “Powerdex Annuity
tions on insurers’ solvency ratio. It and liability. insurances. “Non-savings insurance Allianz focuses on up-selling, or sell- Insurance,” which is linked to the stock
means the paradigm of the whole “Insurance is a long-term product that such as whole-life insurance should be ing additional insurance products to market index, was first launched by
industry would change,” said Cheong lasts for decades. You get pension insur- the very first, and only then should the its old subscribers through tailored Allianz in the United States, and later Who Is Cheong Mun-kuk?
Mun-kuk, president & CEO of Allianz ance after retirement. Financial stability rest of the products come.” marketing and customer manage- introduced to the Korean market with
Life Insurance, in an interview with matters more than anything else to pay ment. “How to secure a loyal customer success. Cheong has also subscribed to Cheong is the first Korean CEO to
The Korea Times. Solvency ratios are the insurance money one has promised Insurance Should Turn Customer-Oriented base would determine the competitive the retirement product. lead Allianz in Korea, which was set
measures to assess a company’s ability to customers,” Cheong said. edge of the insurance businesses. I ask up by the global insurance giant
to meet its long-term obligations. Cheong expected Allianz to have the Cheong pointed out that the financial sales managers to continue studying Diversification of Sales Channel Allianz Group based in Germany.
Currently, the regulator simply best risk management system in the market in Korea had been supplier- portfolios of subscribers to provide Born in Busan in 1959, Cheong
assesses insurers’ ability to pay out country in 2011 when the RBC system focused rather than customer-oriented, them with adequate products and ser- The insurance industry has seen a spent most of his career in the insur-
insurance money. With the adoption of will become obligatory. unlike the manufacturing industry vices.” diversification of the sales channels. ance industry after majoring in Dutch
RBC system, however, the regulator He added that Allianz Group, the where customer satisfaction is the key Bancassurance, or insurances sold at at Hankook University of Foreign
will be assessing the level of risk each global insurer based in Germany, rose for each process of the business. Annuity Insurance to Lead Market banks, telemarketing, and general Studies.
insurance firm faces in asset manage- to the top of the world in market cap “It is, however, changing. NGOs, agencies led the market while tradi- He started his career in the field
ment from 2011. without getting any government sup- including consumer groups, are active- Cheong said that the market is likely tional models depending on salespeo- by joining Jeil Life Insurance in 1984,
The new rule, which is used to set port, while some global giants faltered ly making their voices heard, and con- to need annuity insurance most. ple are slowing down. which was later acquired by Allianz
capital requirements considering the amid the global financial crisis. “It sumers are becoming more sophisti- “Korea is one of the most rapidly aging While some insurance companies Group. He later moved to global
size and degree of risk taken by the shows that Allianz Group was good at cated, knowing how to voice their societies in the world, and the birth regard such new channels as threats, firms, serving as CEO of Hudson
insurer, is likely to pull up the solvency risk management,” Cheong said. demand on products. Only those who rate is historically low. The baby Cheong said the diversification of chan- International Advisors between 1999
ratio of Allianz, which has managed its He added that as an insurance CEO, adapt to these changes in the financial boomers, who were born between nels means more access to customers. and 2001 and as CEO of AIG Global
assets conservatively. he would choose things that benefit market will survive,” Cheong said. 1956 and 1963, are about to retire.” “In other words, consumers have more Investment Korea from 2001 to
“In the past, it was OK to do busi- Allianz in the long-term perspective The CEO believes whole-life insur- He said Koreans are not prepared access to insurance products,” he said. 2003.
ness in a risky way as long as you gen- rather than focus on short-term profit. ance and annuity insurance will lead for retirement. “In other developed He explained that the diversification He returned to Allianz in 2004 as
erated profit. It won’t be so anymore. “Obsessing on short-term performance the market. countries, insurance and annuity take enabled Allianz to dig up a new cus- the executive in charge of its new
The insurers will have to think about could eat into growth engines in the Regarding whole-life insurance, between 30 and 40 percent of people’s tomer base. “The bancassurance cus- sales channel. He was promoted to
risk,” Cheong said. As the risk will be longer term. I don’t think it’s the right Cheong said the market isn’t saturated financial assets. In Korea, however, tomers, for example, are mostly CEO of Allianz in Korea in February
linked with capital, risky management strategy for the insurance business, yet. Though many people have sub- they take only around 17 to 18 per- wealthy private banking (PB) cus- 2007.
will result in shareholders having to which should be managed conserva- scribed to whole-life insurance for their cent. tomers. They were hardly accessible to Cheong is especially known as a
pay more as companies will need to tively and last for longer periods of family, the return is still too low. “People would want to maintain the salespeople,” he said, adding that it CEO who emphasizes communica-
hold more capital. time.” Hence, Allianz refrained from “Whole-life insurance aims at guaran- level of life they enjoyed before retire- means a new customer group for the tion with workers. He regularly visits
headhunting competition when other teeing the financial stability of the fami- ment, but they can’t do that with only insurer. sales fields and shares morning cof-
Risk Management Key of Insurers life insurers only concentrated on ly when the subscriber passes away. national and corporate pensions. The The CEO thus believes there should fee with employees to listen to their
increasing the number of salespeople, However, the average payout the fami- best way to create income for then is be ‘‘innovative management.” “It is views.
Cheong said that Allianz’s solvency on the determination that it would do ly can get stands at far less than 100 annuity insurance,” Cheong said, about who attracts wealthy customers,
20
FRIDAY-SUNDAY, JANUARY 1-3, 2010
2010 Outlook Upbeat for Steel, Semiconductors Battle for Coffee Crown
By Jane Han
Staff Reporter
2010 Industry Outlook The semiconductor industry is
also likely to see a boom in sales in
2010 as exports are expected to
tors, televisions and mobile
phones are going to start recov-
ering faster.
Enters New Round
As the year-end countdown climb 24.4 percent year-on-year to By contrast, the business lobby By Kim Tong-hyung step further into converting the
begins, the nation’s biggest busi- $38.5 billion next year on the back group forecasted that the ship- Staff Reporter business under a franchise
ness lobby group revealed which Semiconductor of rising demand for DRAMs. building and construction sectors chain system. We are also con-
of the nation’s key industries are Steel “The outlook is bright with will continue to struggle as new Koreans are certainly getting sidering having take-out joints
looking up and which aren’t for Machinery Samsung Electronics and Hynix orders are likely to continue to an extra jolt these days, with at airports and other venues as
the coming year. continuing to lead the market,” it fall in 2010. coffee shops sprouting across well,” said an SPC executive.
Based on the projections made said. The report predicted that over- urban areas with jungle-like Of course, neither Twosome
by the Korea Chamber of Com- The machinery and electronics all production in the shipbuilding density. And the number of Place nor Pascucci have a
merce and Industry (KCCI), industries are headed up as well industry will drop by 7.7 percent cafes on the streets won’t be prayer at competing with Star-
South Korea’s steel, machinery, thanks to rising demand in year-on-year, while export rev- dipping anytime soon, with bucks, at least not in the near
semiconductors and electronics emerging markets, including Chi- enues will sink 6.5 percent to major franchises expecting to future. Starbucks Korea, the
Textile
industries are set to enjoy solid na, India and the Middle East, $43 billion. spend even more money this local unit of the Seattle-based
Petrochemical
sales growth in 2010 as overseas Automobile the annual forecast predicted. “Order cancellations are likely year to expand the size of their coffee giant, is operating 310
demand is likely to rise. “Machinery companies suf- to dog shipbuilders in the coming kingdoms. outlets, the most among any
The global financial crisis fered a double-digit sales drop year at a time when virtually no CJ Foodville and SPC would major coffee chain with nation-
dampened demand for steel this year from the ripple effects of new orders are being made,” each describe the other as a wide coverage.
across the world this year as the economic crisis,” the report KCCI said. hated rival, as the two compa- Local franchise Angel-In-Us,
major steel-consuming indus- said, “but a general recovery in It added that the construction nies have been competing fero- which is operated by Lotte,
tries, such as consumer goods, facilities investment is going to industry will see a 0.9 percent ciously in the markets of bak- recently edged Hollys, another
construction and automotives, help boost the sagging industry.” drop in orders as the public sec- eries and ice cream chains Korean brand, for second place
took a hit. But in 2010, demand Shipbuilding The KCCI projected that global tor cuts back on new projects. over the years. with 232 outlets, compared to
Construction
is expected to rebound as both facilities investment is going to Textile makers and petro- Now, it appears that coffee Hollys’ 218.
domestic and overseas consump- increase by at least 10 percent in chemical companies are going to shops have emerged as the Angel-In-Us certainly has
tion will likely recover. 2010. face cutthroat competition from most heated battle field for the been the quickest riser in the
“Major local infrastructure It added that the thawing con- rivals in emerging markets, but two food industry giants. rankings, as the franchise had
projects and expanded facilities sumer sentiment will gradually the KCCI said improved quality CJ Foodville was operating only 91 outlets at the start of
investments made by some of Korean steel goods,” the report steel industry will produce 51.4 lift the consumer electronics and strategic marketing will help just 24 outlets of its Twosome 2009.
the world’s largest industries are said. million tons next year, up 12.2 market, which means the sales prop up the sectors. Place coffee franchise at the Coffee Bean, an American
going to help prop up sales of The KCCI forecast that the percent compared to this year. of products including refrigera- jhan@koreatimes.co.kr start of 2009. The company brand, comes in fourth with
now has 60 and plans to add 188 outlets, followed by Tom N
70 more outlets this year, Toms, which has 160 outlets.
Samsung’s Haptic Pop which would be enough for The local market for coffee
Most Wanted Cellphone Twosome Place to secure its retailers was valued at 1.9 tril-
spot as a top-10 coffee chain. lion won (about $1.6 billion) in
“Haptic Pop” by Samsung SPC, the operator of Pascuc- 2008, and sales from the 11
Electronics and “Cookie” by LG ci, is intent on matching the major coffee chains accounted
Electronics were among South moves of its rival. There are for about 29 percent, or 550
Korea’s most popular cell phone currently 48 Pascucci coffee billion won.
models in 2009, industry data shops in the country, but SPC Industry watchers estimate
said Thursday. expects to see 100 outlets by the coffee market was worth
Samsung’s Haptic Pop was the the end of this year. around 2.3 trillion won in
most popular phone this year for “So far, most Pascucci coffee 2009, considering the increase
subscribers of SK Telecom, shops have been directly built in imported coffee beans and
South Korea’s largest mobile car- in the past seven years, but we other factors.
rier by subscribers. Samsung are now looking to take it a thkim@koreatimes.co.kr
sold about 550,000 Haptic Pops
this year via SK Telecom, accord-
ing to SK.
Samsung’s cellphones were Businessline
ranked among the four most
popular phones to SK sub-
scribers, followed by LG’s Cookie
HHI Misses 2009 Order Target
and Lollipop.
LG shipped 325,000 Cookie Hyundai Heavy Industries Hyundai Heavy’s perfor-
phones and 200,000 Lollipops in (HHI), the world’s biggest ship- mance reflected a worldwide
2009. builder, said Thursday it won trend. Global contracts for new
Motorola Inc. was the only orders valued at 10.6 billion vessels in the first 11 months of
non-Korean maker of mobile this year, vastly undershooting the year plunged 83 percent
handsets that made into the top Fuel cell industrial complex: Cho Sung-sik, third from left, chief executive of Posco Power, the electrical power-generating unit of steel giant POSCO, joins its full-year target of $21.1 bil- from a year earlier, according
seven. About 175,000 RAZR North Gyeongsang Province Governor Kim Kwan-yong, second from left, and Pohang Mayor Park Seung-ho, right, after signing a memorandum of understanding (MOU) to lion as the global credit crisis to London-based market
Luks by Motorola were build a fuel-cell-related industrial complex near the Yeongil New Port of Pohang, which is being groomed by regional authorities as an industrial hub. Korea Times and decreased trade reduced researcher Clarkson Plc.
shipped. demand for new ships. South Korea, home to seven
KT said their top three most
popular phones were made by
Samsung. (Yonhap)
Mobile Penetration Rate to Hit Triple Digits Hyundai Heavy’s new con-
tracts were also down 61 per-
cent from a year earlier, the
of the world’s top 10 shipyards,
has clinched record-high
orders in the past few years on
By Kim Tong-hyung “With the mobile penetration ular and the carriers offering a mobile Internet more, which will company said in a regulatory strong demand for crude carri-
4 Oil Refiners Ordered Staff Reporter rate exceeding 100 percent, the larger variety of fixed-rate be critical for them to get better filing. ers and offshore exploration
subscriber market will be satu- monthly data plans, Digieco returns on their massive third- Its full-year sales rose 6.9 equipment amid lofty oil prices.
to Pay $169 Million Korea will have more mobile rated, and the competition will claims that the long-awaited generation (3G) investments. percent to 21.3 trillion won But orders for new vessels
phones than heads by the end of increase among wireless carriers mobile Internet explosion just Despite the projected decline ($18 billion), but fell short of its have sunk since the third quar-
Four oil refiners were ordered next year, according to research to provide differentiated ser- might become a reality next in the voice market, the mobile yearly target of 23 trillion won. ter of 2008.
to pay 196 billion won ($168.5 by the country’s biggest tele- vices,” said the Digieco report. year. telephony market will grow 1.8
million) in compensation to the phone company. “The mobile voice market will Although smartphones were a percent year-on-year to reach
government for damages caused Digieco, a research institute continue to struggle, as a contrac- tough sell in previous years, the 22.5 trillion won (some $19.4 bil-
Biz Sentiment Erodes for 4th Straight Month
by their price collusion for mili- run by KT, the country’s No. 2 tion of 1.8 percent is expected mobile market now has intrigu- lion) in 2010, the Digieco study
tary procurement, an appellate mobile telephony operator, pre- next year. However, this will be ing devices such as the iPhone said, driven by a dramatic Major companies’ business The monthly business senti-
court said. dicts that 49 million handsets compensated by a 16.5 percent 3GS and T-Omnia II that are growth in data usage. sentiment for January of next ment, an indicator of compa-
The lawsuit against SK Ener- will be in use by local wireless growth in mobile Internet, as the proving to be game changers. The market for fixed-line tele- year eroded for the fourth nies’ outlook for the coming
gy, GS Caltex, Hyundai Oilbank users in 2010, representing a focus on the market continues to The iPhone, Apple’s do-it-all phony, which is increasingly straight month, a private sur- month, was 103.1 in January,
and S-Oil was filed by the Min- penetration rate of about 101 move from voice to data.” smartphone that was released looking like a decaying business vey showed. compared with 105.1 the
istry of Defense in 2001 after the percent. Statistics Korea, former- Wireless carriers KT and SK locally by KT at the end of model, will be worth around The decline was mainly due month before, it said.
nation’s fair trade regulators ly the National Statistical Office Telecom, the industry kingpins November, needed just a week to 13.6 trillion won next year, to lingering uncertainties over The figure marked the low-
found that they had fixed high (NSO), estimates the country’s that have more than 50 percent establish itself as the country’s according to the report. the government’s economic est level since last September,
prices for military procurement population will reach 48.8 mil- of Korean mobile telephony most popular new handset, with However, the number of sub- policy for the new year and when it stood at 117.0.
from 1998-2000. lion during the year. users as subscribers, have been the company managing to sell scribers for fixed-line phones is fears of declining investments The January index remained
In the ruling Wednesday, the The number of mobile telepho- struggling to keep growth alive in nearly 70,000 through Dec. 6. predicted to increase 5.7 percent and employment, the Federa- above 100, however, meaning
Seoul High Court said the oil ny subscribers is expected to the maturing voice market. Mobile carriers have also been to 27.74 million next year, due tion of Korean Industries said that a majority of companies
refiners must pay 130.9 billion grow to about 49.5 million by the However, with smartphones lowering their data rates and to an expected 70 percent in the survey of business con- are anticipating that business
won plus interest for the past end of next year, from the pro- — which provide Web browsing offering a larger variety of increase of Internet telephony fidence among 556 large conditions will improve rather
nine years to the ministry, total- jected 48.2 million for 2009, and multimedia atop of voice monthly fixed-rate plans to customers. firms. than deteriorate.
ing 196 billion won. (Yonhap) according to government figures. functions — becoming more pop- encourage subscribers to use the thkim@koreatimes.co.kr
Local Banks Face Korea Opens New Decade With Promising Signs
Huge Losses By Kim Tae-gyu
Staff Reporter
have prompted worries — lack-
luster investment and the high
unemployment rate,” Shinhan
the business sentiment index
(BSI) for manufacturers stood at
90 in January, up 5 points from
not a bed of roses as there are
some pieces of bad news includ-
ing the plight of Kumho Asiana
might be hidden behind the
scenes.
Another potential headache
Stake in GMAC Bailout AIG Says General Counsel Resigns Over Pay
CHARLOTTE, N.C. (AP) — neth Feinberg, AIG said.
WASHINGTON (AFP) — The billion in capital into GMAC in American International Group Companies like AIG that
U.S. government on Wednesday two installments. The bailout Inc. has lost a top executive hold government bailout
threw troubled GMAC a third funds are part of the $700 bil- due to the government’s limits funds are subject to restric-
lifeline of $3.8 billion, and took a lion Troubled Asset Relief Pro- on executive pay. tions including limits on exec-
controlling stake in a bid to turn gram (TARP) which the Trea- AIG said Wednesday that utive pay; in AIG’s case, that’s
around the mortgage and auto sury can use to stabilize the U.S. vice chairman and general the insurer’s 100 highest-paid
lender. financial system through Octo- counsel Anastasia Kelly has employees. The government
The Treasury said the move ber 2010. resigned, effective immediately. has given AIG a bailout pack-
would raise its equity stake in The Treasury, headed by Sec- Kelly left because of the age worth up to $182.5 billion
GMAC to 56 percent from 35 retary Timothy Geithner, also reduction in her base salary in exchange for an 80 percent
percent. announced a restructuring of its that was mandated by the stake in the New York-based
The ailing former finance arm investment in GMAC “to protect government’s pay czar, Ken- company.
of General Motors became a taxpayers and put GMAC in a
bank holding company a year position to raise private capital Iceland Approves Icesave Compensation
ago to access federal aid amid and pay back taxpayers as soon
the global financial meltdown. as practicable.” REYKJAVIK (AFP) — Iceland approved the measure by a
“Due to a variety of factors, “These actions offer the best parliament approved Wednes- vote of 33 to 30 as the issue
including that the restructurings chance for GMAC to complete its day paying nearly 4 billion euros had become a major obstacle
of General Motors and Chrysler overall restructuring plan and to Britain and the Netherlands, in the small Atlantic island
were accomplished with less dis- return to the private capital mar- which had compensated more nation’s bid to join the EU.
ruption to GMAC than banking kets for its debt financing and than 320,000 of their savers in a The measure approves the
supervisors initially projected, capital needs in 2010,” it said. failed Icelandic bank. payout of 3.8 billion euros ($5.4
Treasury will commit $3.8 billion The $3.8 billion taxpayer- Although the measure has billion) to the British and Dutch
of new capital to GMAC rather funded capital injection will be in Preparing for the future: German Chancellor Angela Merkel is seen during her speech at the German Federal stirred up resentment among governments, which had par-
than the $5.6 billion originally the form of $2.54 billion of trust Parliament in Berlin, Germany, in this file photo. Merkel warned that the country’s worst post-war recession would drag into 2010, many ordinary Icelanders hard tially compensated their savers
announced,” the Treasury said in preferred securities and $1.25 in a New Year’s television address to be broadcast Thursday. “I tell you very openly: We cannot expect the economic downturn hit by their country’s financial who lost money in the collapse
a statement. billion of mandatory convertible to be over quickly,” she said, according to a manuscript released by her office. “Some things will initially be more difficult next meltdown in 2008, lawmakers of the Icesave online bank.
It had injected a total of $12.5 preferred (MCP) stock. year before they can improve.” AP-Yonhap
1
E-mail: ktmkt@koreatimes.co.kr
Tel : 02-722-2760, 724-2827-8 FRIDAY-SUNDAY, JANUARY 1-3, 2010 23
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Big Bang
Associated Press. happened before,” she said,
Charlie Sheen’s attorney, according to the affidavit.
Richard Cummins, confirmed his Galanter said Brooke Sheen
Sweeps
client wants to reconcile. Cum- hired him “because she is a wit-
mins filed a court motion ness against her husband and
Wednesday asking a judge to dis- Actor Charlie Sheen and his wife Brooke she wants him to continue being
Prizes
miss a restraining order that pre- her husband.”
vents the couple from having Brooke Sheen is standing by the He called it “a very interesting
contact. The couple’s desire to account she gave police, but he legal conundrum.... Events
in Japan
reconcile was first reported by said she didn’t understand at the occurred. She gave a sworn
TMZ.com. time that it would lead to her statement to a law enforcement
Charlie Sheen, 44, was arrest- husband’s arrest. officer. She wants to work on her
ed on Christmas Day in Aspen, “Wives think the cops are marriage and she wants to hon-
By Lee Hyo-won where the couple was on vaca- going to break something up and or her legal obligations.”
Staff Reporter tion. Brooke Sheen, 32, told they don’t realize the husband is Asked if she would testify
police he threatened her during going to be taken to jail,” against her husband, Galanter
K-pop group Big Bang won an argument that started when Galanter said. said, “It’s not going to come
another prize at the 51st Japan she said she wanted a divorce. “I will tell you that both parties down to that.” He declined to
Record Awards Wednesday, Charlie Sheen told police the want to attempt to work this out. elaborate.
crowning its successful overseas couple slapped each other and Whatever was said and whatev- Galanter also declined to com-
debut. that he snapped two pairs of her er happened, I’m chalking it up ment on Charlie Sheen’s state-
The five-member boy band eyeglasses in front of her, but he as one really bad night,” ment to police that his wife abus-
was named Best New Artist at denied threatening her with a Galanter said. es alcohol. Galanter said Brooke
the event, becoming the first knife. He faces charges of felony An arrest affidavit quoted Sheen was still in Aspen on
Koreans to do so. menacing, domestic violence, Brooke Sheen as saying her hus- Wednesday with the couple’s
The coveted award goes to one second-degree assault and crimi- band pinned her on a bed, held a twin boys, who were born in
of four recipients of the New nal mischief and is free on knife to her throat and told her, March. Galanter said he was not
Artist Award, which was won K-pop group Big Bang’s lead vocalist, Tae Yang, speaks after the group won Best New Artist at the 51st Japan Record Awards at $8,500 bond. A hearing is sched- “You better be in fear. If you tell concerned that social services
this year by Big Bang and three a theater in Tokyo, Wednesday. Yonhap uled for Feb. 8 in Aspen. anybody, I’ll kill you. Your moth- might intervene out of concern
Japanese artists — Maya Sakura, Galanter said Wednesday that er’s money means nothing, I for the children.
Scandal and Hilchryme.
Big Bang recently won the
Best Newcomer Award at anoth-
er music award ceremony, the
Patrick Stewart of ‘Star Trek’ Gets Knighthood Man Kills Dog, Streaks,
Japan Cable Broadcasting LONDON (AP) — There’s an Jackson, 53, was knighted in financially successful British film
Awards (Nihon Yusen Taisho).
The group released its first
especially starry knight in
Britain’s latest round of royal
New Zealand, his native land
and the filming location for the
of all time — was named Com-
mander of the Order of the
Pours Coffee on Head
Japanese single “My Heaven” in honors. trilogy, which collected 17 Acad- British Empire, or CBE. SAN CLEMENTE, Calif. (AP) man had approached her, and
June, followed by another single Patrick Stewart — “Star Trek: emy Awards. The New Zealand CBEs also went to artist Maggi — A man savagely killed a when her 5-year-old mini
“Gara Gara Go!” The Next Generation’s” Capt. award is approved by the queen, Hambling and Olivier Award- dog, ran naked through a ten- schnauzer named Coco inter-
All of their recordings, includ- Jean-Luc Picard — becomes Sir the country’s head of state. winning actress Margaret Tyza- nis club and poured hot coffee vened, the man killed the dog,
ing their first album and third Patrick in Queen Elizabeth II’s Jackson is currently is working ck. There also were honors for on his head before he was hitting, choking and “repeat-
single “Koe Wo Kikasete,” made New Year honors list, which also on the two-movie prequel “The Formula I racing champion finally arrested early Wednes- edly beating her on asphalt in
the Top 5 on the Japanese Ori- includes a knighthood for theater Hobbit,” also based on a book by Jensen Button, who received an day, Orange County sheriff’s front of me.” “She saved my
con Music Chart. and film director Nicholas Hyt- J.R.R. Tolkien, with Mexican MBE; children’s author Dick deputies said. life,” Donnelley told KCAL-TV.
In November, they won the ner. director Guillermo del Toro. King-Smith (OBE), who wrote the Bayron Reyes Lopez, 26, of “I don’t know how to thank
Gold Artist Award at the Best Hit “This is an honor that In Britain, lesser honors went book which became the film San Clemente, was hospital- her.” She put flowers on the
music program on Nihon TV. embraces those actors, directors to Rick Parfitt and Francis Rossi “Babe”; and opera star Sarah ized after being captured at street where her dog died.
They also appeared in and creative teams who have in of the rock group Status Quo. Connolly (CBE). the tennis club where he Minutes later, other callers
yearend award ceremonies on these recent years helped fill my They were named Officers of the Hytner, 53, was honored for worked as a maintenance reported a naked man run-
TV Asahi and Fuji TV. life with inspiration, companion- Order of the British Empire, or his work as artistic director of man, sheriff’s spokesman Jim ning through the Rancho San
The group will hold its concert ship and sheer fun,” said 69- Patrick Stewart — “Star Trek: The Next OBE, in recognition of a four- the National Theatre, where his Amormino said. Clemente Tennis Club and
“Big Show” from Jan. 29 to 31 year-old Stewart, who recently Generation’s” Capt. Jean-Luc Picard — decade, three-chord career that hit productions have included Deputies got the first call pouring hot coffee on his head.
at the Gymnastic Stadium, returned to the British stage fol- becomes Sir Patrick in Queen Elizabeth has seen them score 64 British Alan Bennett’s “The History about the man at 4:30 a.m. That’s where deputies caught
Olympic Park, Seoul. lowing a long career in Holly- II’s New Year honors list. AP-Yonhap hit singles, including “Rockin’ All Boys” and “War Horse.” Wednesday when there were up with him, Amormino said.
hyowlee@koreatimes.co.kr wood that included playing Pro- Over the World.” He also stirred controversy by reports of a loud radio at his He was initially hospitalized
fessor Charles Xavier in three children to wartime Britain, also Parfitt, 61, said he’d given up putting on “Jerry Springer: The apartment. Amormino said but “will be, at the least,
“X-Men” films. received a knighthood. hope of an honor because of his Opera,” a production that attract- deputies believe he jumped booked for cruelty to animals,”
The Korea Times Erich Reich, a refugee from A separate honors list in New wild past. “If they’d reviewed ed protests from some Christian from a third-story window to Amormino said. He was being
News on Internet Nazi-occupied Europe who Zealand bestowed a knighthood some of my old newspaper cut- groups. get away, and was unhurt. tested to determine if he was
organized last year’s 70th on the king of Middle Earth — tings!” he said. Reich, 74, was chairman of the Just after 6 a.m. Judy Don- under the influence of any
http://www.koreatimes.co.kr anniversary of the “Kindertrans- “Lord of the Rings” filmmaker Phyllida Lloyd, who directed Kindertransport Group of the nelley called to say a “strange” drugs or narcotics.
port,” which brought 10,000 Peter Jackson. “Mamma Mia!” — the most Association of Jewish Refugees.
1
Lifestyle/TV Programs FRIDAY-SUNDAY, JANUARY 1-3, 2010 25
FRIDAY, JANUARY 1 Television Programs TV schedules are subject to change without prior notice
EBS Arirang CNN BBC Star Sports OBS OCN KBS 1 KBS 2 MBC SBS
06:00—EBS e English 10:00—W 24/7 09:30—Autumn of Change 10:00—World News 09:00—NBA Regular 08:40—Entertainment 06:40—Connected 05:30—Program (R) 06:00—Documentary 06:00—MBC News 06:00—Morning Wide
Conversation 10:30—Hand in Hand 10:00—Untold Stories 10:30—5 Minutes With Season 20009/10 Magazine 09:10—The Lost World: 06:00—KBS News Plaza Mountain Today 08:40—Morning
06:30—Real Experiment 11:00—Heart to Heart 10:30—World Sport 11:00—World News 11:30—Barclays 10:05—Mini Documentary Jurassic Park 07:50—Human Theater 06:30—Live Today 07:50—Live Today Drama
Project X 11:30—Arirang Today 11:00—World Report 11:30—Thinking Big Premier League 10:15—OBS News 950 12:00—Miracle of a 08:25—Morning Forum Morning Morning 09:20—Good
07:10—Children’s 12:30—Showbiz Extra 11:30—Screening Room 12:00—World News 13:30—Game 10:25—Music & Movie Giving Fool 09:30—KBS News 08:00—KBS 8 Morning 08:50—One Fine Day Morning
Program 13:00—Pops in Seoul 12:00—Anderson 12:30—Our World 14:00—Australian Open 10:55—The Country 14:20—Ong Bak 2 10:00—Power of Korea News Time 10:15—HD 10:30—Drama (R)
12:20—EBS Space- 13:30—Documentary Cooper 360 13:00—World News 2009 Official Film They Dream Of 16:30—The Forbidden 12:00—KBS News 12 09:00—Give Everything Documentary 12:40—SBS News
Sympathy 14:00—Arirang Today 13:00—New Year’s Eve 13:30—Changing Climate 15:00—Wimbledon 11:55—OBS News Kingdom 13:00—Program (R) 09:30—Happy 12:15—MBC News 12:50—Encore SBS
13:10—Hopeful Scenery 15:00—Heart to Heart Anderson Cooper 14:00—World News Official Film 2009 12:10—TV Call 18:50—Blood Diamond 14:00—KBS News Donation 12:25—Program (R) Special
13:40—Korean Show 15:30—Travelog 14:30—Back Story /World Business 16:00—Game 13:10—Dancing Princess 21:50—Chaos 14:10—09-10 V-League 10:40—Our School E.T. 16:00—MBC News 13:50—Program (R)
14:10—Love Literature e 16:00—Arirang News 15:00—World Report 16:00—World News 16:30—Glitch Special 15:10—Madam’s Table 00:00—Jeong Yag-yong 16:30—Program (R) 12:45—Star Golden 16:50—Infinate 16:30—SBS News
14:15—Children’s 16:30—Documentary 15:30—Autumn of Change 16:30—5 Minutes With 17:00—Cev Beach 15:40—Mini Documentary 01:20—Temptation Of 17:00—KBS News 5 Bell Challenge 2010 16:40—Program (R)
Program 17:00—Hand in Hand 16:00—World Report 17:00—World News Volleyball 15:50—OBS News Eve 17:15—Animal World 13:50—Program (R) Calendar 17:30—Live Today
20:30—EBS News 17:30—Edward’s Live 16:30—World Sport 17:30—Amazon Oil Rush European Tour 16:00—Live To You 03:00—Starship 17:40—World is Wide 17:30—Living Show Special 18:25—Back to the
20:45—Knowledge Kitchen 17:00—Another Day 18:00—World News 18:00—2009 Masters 17:50—Ani-World Troopers 18:00—6 O’clock 18:30—Music Bank 18:35—Daily Sitcom Farm
Channel e 18:00—Showbiz Extra 18:00—CNN Marketplace 18:30—Changing Climate Tournament 18:15—Amor Hero OCN Action Hometown 20:00—KBS 8 News New Year 19:15—Wife Is Back
20:50—Real Experiment 18:30—Pops in Seoul Middle East 19:00—World News 19:00—Behind the Baseline 18:45—Mini Documentary 19:00—KBS News Time Special 20:00—SBS 8 News
Project X 19:00—Arirang News 18:30—The Best of 19:30—5 Minutes With 19:30—2009 Hannspree 18:55—Dreaming U 08:00—Les Formidables 19:10—Power of Korea 20:35—Sports Time 20:15—Daily Drama 20:50—World Cup
21:30—Korea Travel 19:30—Documentary BackStory 20:00—World News FIM Superbike 19:55—OBS News 755 10:20—Rats 20:25—ChaChaCha 20:50—Sponge 2.0 20:55—MBC News Story
21:50—Professional 20:00—W 24/7 19:00—Future 20:30—Click World H/L 20:35—TV Explore 12:20—The Bodyguard 21:00—KBS News 9 21:55—VJ Envoys Desk 21:55—Best Friend’s
Doctor 20:30—My Happy Korea 20:00—2009 21:00—World News 20:30—Australian Open World’s Tastes From Beijing 22:10—Power of Korea 23:05—Show 21:55—MBC Sports Note 2
22:40—Hopeful Scenery 21:00—Adventure Club 21:00—World Report 21:30—Amazon Oil Rush 2009 Official Film 21:30—Entertainment 15:00—Rush Hour 3 00:00—KBS News Program News 23:05—Star Married
23:10—Cinema World 21:30—Heart to Heart 21:30—Autumn of Change 22:00—World News 21:30—Wimbledon News 17:00—Elizabeth: The 00:10—To the First Class 00:15—Sketchbook 22:00—Section TV Couple
00:00—Love Literature e 22:00—Arirang News 22:00—Amanpour 22:30—Click Official Film 2009 22:00—Best Star Music Golden Age 01:00—KBS News 01:45—Mission Entertainment 00:15—SBS Sisa
00:05—Knowledge 23:00—W 24/7 22:30—The Best of 23:00—World News 22:30—Score Tonight Show 19:30—UFC Express 01:10—Sports Sports Possible: 23:00—MBC Special Debate
Channel e 23:30—Swap Asia- BackStory 23:30—Changing Climate 23:00—NBA Regular 23:10—Criminal Mind 23:00—GP506 01:20—South Of The Kidnapping 23:55—The Bourne 01:45—SBS Night Line
00:10—New Year Uzbekistan 23:00—2009 00:00—World News Season 2009/10 00:10—Shanghai 01:30—The Sweet Sex Border Granny K Ultimatum 02:00—Game Show
Documentary 00:00—e-Sports 00:00—Another Day 00:30—Our World 01:00—Simply The Best Knights And Love
EBS Arirang CNN BBC Star Sports OBS OCN KBS 1 KBS 2 MBC SBS
06:00—Korean Show 10:00—W 24/7 10:00—Wootton Bassett 10:30—Click 05:30—Cev Beach 07:00—Ancient Mystery 07:20—The Green Mile 07:35—Window to the 06:00—Documentary 06:00—News Today 06:00—Morning Wide
06:30—How to Study 10:30—My Happy Korea 10:30—World Sport 11:00—World News Volleyball 08:00—Wonderful 11:00—Kung Fu Master South and North Mountain 07:25—Global Report 08:45—Life Master Best
07:00—Hopeful Scenery 11:00—Diplomacy 11:00—Larry King Live 11:30—Our World European Nature 13:10—Chaos 08:00—Travel With 06:30—Live Today 08:00—Economy 09:45—How to Eat and
07:30—Children’s Lounge 12:00—Another Day 12:00—World News Championship 08:55—Ani-World 15:30—Jeong Yag-yong Scenery Morning Magazine M Live Well
Program 11:30—Arirang Today 13:00—Vital Signs 12:30—My Country Tour Special 17:10—Rush Hour 3 08:30—Morning Forum 09:00—Give 08:50—Special World 11:00—Movie World
12:00—The Best Recipe 12:00—Traveler’s Korean 13:30—Political Mann 13:00—World News 06:30—Game 09:55—Omnibus 19:10—The Matrix 09:30—KBS News Everything 09:45—Infinate 12:00—SBS News
14:30—Science 12:30—Showbiz Extra 14:00—World Report 13:30—HARDtalk 07:00—2010 Rose Bowl Documentary Reloaded 10:00—Winter Story 09:30—Program (R) Challenge 12:10—SBS Encore
Experiment 13:00—Pops in Seoul 14:30—The Best of 14:00—World News Game 10:55—The Country 22:00—Speed Racer 11:00—TV Desk 10:30—I Love 11:00—Tasteful TV Special
15:00—Reality Show 13:30—Documentary BackStory 14:30—Middle East Biz 10:30—Glitch They Dream Of 00:40—Transporter 3 12:00—KBS News Movie 12:00—MBC News Documentary
15:30—EBS Family 14:00—Arirang Today 15:00—World Report 15:00—World News 11:00—Hyundai 11:55—OBS News 03:00—Terminator 3: 12:10—Gugak Stage 11:30—Program (R) 12:10—Sitcom (R) 13:10—Drama (R)
Theater 14:30—Korean 15:30—World View 15:30—Click Hopman Cup 12:05—Shanghai Rise Of The 13:00—Open Channel 17:15—Star Golden 13:30—Program (R) 15:40—SBS News
17:10—0700 Freakonomists 16:00—CNN Marketplace 16:00—World News 16:30—Global Football Knights Machines 13:30—Element Hunters Bell 15:50—MBC News 15:50—Family
18:00—Korea Travel 15:00—Bravo! ASEAN Middle East 16:30—Our World 17:00—Hua Hin 14:05—Taste Good! 14:00—Program (R) 18:30—Saturday 16:00—Show! Music 17:05—Star Junior
19:40—Quiz Show in Korea 16:30—World Sport 17:10—A Taste of Iran Centennial 15:05—Police 25
OCN Action 14:55—Drama (R) Show Center Show
20:30—Docu Prime 16:00—Our Planet 17:00—World Report 18:00—World News Invitation 16:00—Madam’s Table 17:00—KBS News 19:55—Weekend 17:05—We Are Married 18:30—Star! King
23:00—World’s Movie 17:00—Superkids 17:30—Vital Signs 18:30—Thinking Big 19:00—Simply 16:55—OBS News 05:30—A Better 17:10—Animal Kingdom Drama 18:30—Infinite 20:00—SBS 8 News
18:00—Showbiz Extra 18:00—2009 19:00—World News The Best 17:05—Family Tomorrow 2 18:00—Love Request 21:05—Entertainment Challenge 20:40—SBS Sports
19:00—Arirang News 19:00—Larry King Live 19:30—Our World 19:30—F1 Classics 18:00—Top 10 Pop Show 07:30—Sundome 19:00—KBS News Relay Station 19:55—Weekend Drama News
Listen to The 19:30—Documentary 20:00—World Report 20:00—World News 20:30—FA Cup 2009/10 18:55—World News 09:20—Drunken Master 19:10—Korea Sports 22:15—Happy 20:55—News Desk 20:50—Weekend
Korea Times 20:00—All Together 20:30—World Sport 20:30—Middle East Biz Preview Show 19:55—OBS News 755 3 20:00—KBS Special Together 21:35—Sports News Drama
on EBS Radio 21:00—Our Planet 21:00—Talk Asia 21:00—World News 21:00—FA Cup 2009/10 20:20—Comedy Theater 11:20—Inside Man 21:00—KBS News 9 2010 Stars 21:45—Weekend Drama 22:00—Smile
Morning Special 22:00—Arirang News 21:30—African Voices 21:30—Dateline London 02:45—Cev Beach 20:50—OBS Special 14:00—Super Natural 5 21:40—Special History 23:35—The Legend 22:45—Weekend Show 23:20—2010 Winter
(FM 104.1-107.9 MHz)
22:30—My Happy Korea 22:00—Amapour 22:00—World News Volleyball Documentary 20:00—Super Natural 5 Drama of Ip Man 23:55—New Year With Olympic Special
at 8-9 a.m. 23:00—Live ‘H’ 23:00—Political Mann 22:30—Equestrian World European 21:50—Live H 00:10—Exit Wounds 22:30—Special Debate 01:30—KBS Network High Kick 00:20—Chocolate
Monday-Saturday 00:00—e-Sports 23:30—World View 23:10—Story Of Maths Championship 22:50—Shanghai Noon 02:10—Pendant 00:30—KBS News Special 01:35—Culture 01:20—Movie Special
00:30—PerformArts 00:00—World Report 00:00—World News Tour 00:50—Someday 03:10—The Big Bet 00:35—Mapado Documentary Thoughts
EBS Arirang CNN BBC Star Sports OBS OCN KBS 1 KBS 2 MBC SBS
06:00—Korean Show 09:00—Our Planet 10:00—World Business 10:00—World News 05:30—Planet Speed 12:05—World’s Tastes 07:40—Alvin And The 07:00—Mountain 06:00—Program (R) 06:10—Evergreen Life 06:10—Health Special
06:30—Baduk (Go) 10:00—All Together 10:30—World Sport 10:30—Our World 2009/10 14:00—Hospital Chipmunks 07:30—Neuti Namu 07:00—KBS Sunday 07:00—MBC News and 06:40—Special
Class 11:00—Superkids 11:00—Larry King Live 11:10—A Taste Of Iran 06:00—Gucci Masters 14:55—2009 Basketball 09:40—Twilight 08:00—KBS News News Time Interview Documentary
07:25—Children’s 12:00—Traveler’s Korean 12:00—Situation Room 12:10—Story Of Maths 2009 16:55—OBS News 12:30—Jeong Yag-yong 08:10—Sunday 07:40—Program (R) 07:20—Green Silver 07:25—Sunday News
Program 12:30—Showbiz Extra 13:00—Political Mann 13:00—World News 07:00—FA Classics 17:05—Music & Movie 14:10—Speed Racer Evaluation 09:10—1 Night 08:10—Happy Time Plus
14:40—Sunday 13:30—Documentary 13:30—World Sport 13:30—HARDtalk 08:00—Behind The 17:55—Shanghai Noon 17:00—Three Kingdoms: 09:00—Experience 2 Days 09:25—Fantastic Pairs 08:10—1000 Songs
Cinema 14:00—Live ‘H’ 14:00—World Report 14:00—World News Baseline 19:55—OBS News 755 Resurrection Of 10:00—Quiz! Korea 10:40—Dream 10:45—Surprise TV Challenge
17:00—Quiz Show 15:00—Let’s Speak 14:30—BackStory 14:30—India Business 08:30—FA Cup 2009/10 20:20—Comedy Theater The Dragon 11:00—TV Evaluation Team 12:00—MBC News 09:30—TV Animal Farm
17:50—World Theme Korean 15:00—World Report 15:00—World News 09:00—Glitch Special 20:50—Documentary 19:20—Blade: Trinity 12:00—KBS News Season 2 12:10—Video Journey 10:45—Quiz Show
Travel 16:00—Our Planet 15:30—World View 15:30—Fast Track 10:00—Lives In The Fast 21:50—Discovery of Travel 22:00—Street Kings 12:10—Singing Contest 11:50—Happy 13:10—Sitcom (R) 12:00—SBS News
20:30—Cuisine 17:00—Superkids 16:00—World Report 16:00—World News Lane 22:50—Public Enemy 00:20—Portrait 14:15—Drama (R) Together 13:40—Program (R) 12:10—Choice of Life
Vision 18:00—Pops in Seoul 16:30—World Sport 16:30—Our World 10:30—Behind The 01:30—Someday of a Beauty 16:00—TV Tale 13:00—Gag Concert 16:00—MBC News 13:00—Drama (R)
21:00—Various Jobs Pops Radio 17:00—CNN Marketplace 17:10—Story Of Maths Baseline 17:00—KBS News 14:10—Number One 16:10—Gag Variety 15:00—Program (R)
22:00—My Fair Lady 19:00—Arirang News Middle East 18:00—World News 11:00—Hyundai 17:10—Animal Kingdom 15:00—Drama (R) 17:20—Sunday Sunday 16:00—SBS News
19:30—Documentary 17:30—Vital Signs 18:30—Dateline London Hopman Cup 18:00—Open Concert 17:20—Happy Night 16:10—Popular Songs
20:00—Arirang Prime 18:00—Political Mann 19:00—World News 16:00—FA Cup 2009/10 Bloomberg News on 19:00—KBS News Sunday 19:55—Weekend 17:20—I love Sunday
Seoul Economic Network SEN
21:00—Our Planet 18:30—Talk Asia 19:30—Equestrian World 17:00—Glitch (Korean)
19:10—Challenge 19:55—Weekend Drama 20:00—SBS 8 News
22:00—Arirang News 19:00—Larry King Live 20:00—World News 18:00—Game Golden Bell Drama 20:55—MBC News 20:40—Sports News
Bloomberg Asia Business Tonight:
22:30—Adventure Club 20:00—World Report 20:30—India Business 18:30—Behind The 20:00—KBS Special 21:05—Gag Concert Desk 20:50—Weekend
07:30 a.m. to 08:00 a.m.
23:00—Bravo! ASEAN 20:30—World Sport 21:00—World News Baseline Bloomberg Final Word:
21:00—KBS News 9 22:25—Ideal Style 21:35—Sports News Drama
in Korea 21:00—CNN Special 21:30—Thinking Big 19:00—FA Cup 2009/10 08:00 a.m. to 08:30 a.m. 21:40—Special History World Cup 21:45—Weekend 22:00—Smile
00:00—e-Sports 21:30—Inside Africa 22:00—World News 00:00—Cev Beach Live Market Updates from SEN! (Live): Drama 23:45—Movie: Drama 23:20—SBS Special
00:30—PerfornArts 22:00—Fareed Zakaria GPS 22:30—Our World Volleyball 08:30 a.m. to 09:30 a.m. 22:30—Hopefull 2010 3:10 to Yuma 22:45—Sisa Magazine 00:20—Miss Congeniality
3:10 to Yuma 02:00—Pops In Seoul 23:00—State of Union 23:10—A Taste Of Iran European Tour Latest Economic News from SEN! (Live): 23:30—Concert 7080 01:55—Documentary 2580 2: Armed And
03:00—Arirang Prime With John King 00:00—World News 01:00—FA Cup 2009/10 5:00 a.m. to 6:00 p.m. 00:40—KBS News 3 Days 23:35—Mission: Fabulous
KBS 2, 11:45 p.m. **Sister company of The Korea Times
04:00—e-Sports 00:00—World Report 00:30—Panorama 00:45—Encore Theater Impossible III
1
26
FRIDAY-SUNDAY, JANUARY 1-3, 2010
2. Park Ji-sung
3. Lee Seung-yeop
It wasn’t a great year for Korean football icon Park Ji-sung in 2009,
particularly the 2009-2010 season in the English Premier League. The slow decline of Korean slugger Lee Seung-yeop of
This season should have been one of opportunity for Park to take a the Yomiuri Giants reached a new low in 2009 after a few
bigger role, with Manchester United losing attacking midfielder Cris- seasons of battling injuries. However, Lee couldn’t blame
tiano Ronaldo, who was transferred to Real Madrid. his troubles in 2009 on his thumb and back ailments after
However, many questioned whether Park has the talent to put the declaring himself healthy and full of confidence early in the
ball in the back of the net. Park had been known for his playmaking season.
ability and for his unselfish play but not for his scoring touch. He also skipped the World Baseball Classic in the spring
Park missed 12 consecutive games near the start of the season, to focus instead on resurrecting his career in Nippon Pro-
due in part to a minor knee injury suffered during a World Cup quali- fessional Baseball.
fying match. The 33-year-old played well in exhibition games at the
Even now that he has returned, his role has significantly dimin- start of the season, but as the campaign went on, his play
ished but in his few appearances since his injury, the 28-year-old has declined again. And with Giants import slugger Alex
played a different style, taking more shots when the opportunities Ramirez tearing up the league, the press began compar-
present themselves, instead of setting up his teammates. ing the two players — an unfavorable comparison for
Park’s decline has coincided with the emergence of Korean Lee Lee.
Chung-yong of Bolton Wanderers, who has scored three goals in his Lee ended up spending most of the 2009 season in
first year in the English Premier League. the minors and hit just .248 with eight home runs
However, Park still remains Korea’s best player and the nation’s and 27 RBIs in 45 games in NPB.
biggest football star and certainly has the talent to rebound. Lee said that he wanted to help the team
win the championship but by the time
the playoffs rolled around, his role
until 2007, including a second-place finish in had hoped, with only Ryu Hyun-jin having a had significantly diminished. The
4. Hanwha Eagles 2006. good season. Giants still won the Japan
But the following year, the Eagles col- New boss Han Dae-hwa takes over a Series, but it came with little
The Daejeon-based Eagles were the Korea lapsed after the Beijing Olympics and missed team that has recently lost its two top hit- help from Lee.
Baseball Organization’s bottom dog for the the playoffs, finishing fifth. ters — Kim and Lee — to Japanese profes- Lee, who holds the Asian
first time in 23 years in 2009. Under manager Kim In-sik, the team sional teams. But the Eagles have acquired record for most home runs in
Since the Binggrae Eagles finished last in rebounded early last season but after losing two former Major League Baseball (MLB) a season with 56, at one time
1986, the franchise has been one of the Kim Tae-kyun to a concussion and Lee Bum- pitchers for their rotation, and batters Kim hoped to make the move
league’s most competitive teams, winning the ho to a knee injury, the Eagles faded. Tae-wan and Song Kwang-min will attempt across the Pacific to Major
Korean Series for the first time in 1999 and Making matters worse, their young to fill the void left by the two departed slug- League Baseball. But now, Lee
making the postseason each year from 2005 starters did not perform as their manager gers. needs to first prove he still
belongs in the Japanese league.
5. Choi Kyoung-ju
The name K.J. Choi was not mentioned too
often on the PGA Tour in 2009. Choi Kyoung-ju,
who was for many years Korea’s finest golfer
on the world’s best tour, was eclipsed by the
likes of Yang Yong-eun, Kevin Na and Charlie
Wie among Koreans.
After years among the world’s best, Choi didn’t
win a tournament in 2009. But he had a few
excuses. Choi claims he spent last season revamp-
ing his game, changing his form and his clubs, in
preparation for the next few years. He says he’ll
be stronger in 2010 and beyond as a result.
While Yang’s rise to golf’s elite may serve as
motivation for Choi, the 39-year-old will at least
have a fellow Korean to travel with to all the
major tournaments.
yc@koreatimes.co.kr
2
Sports FRIDAY-SUNDAY, JANUARY 1-3, 2010 27
Sportsline
Beckham Hoping to Replicate Success With AC Milan
MILAN (AP) — David Beckham hopes his “Milan can certainly win the title,” Beck-
Canada Releases second spell with AC Milan will be as good as ham said. “It will be difficult because Inter
the five months he spent on loan with the and Juventus are great teams, but we have a
Hockey Roster Italian club in 2009. good squad.
The England midfielder passed a medical “All I am thinking about is the next six
PITTSBURGH (AP) — Tuesday and has spent the past two days months here. I want to enjoy myself and help
Sidney Crosby, the training with his new teammates. Milan win the championship.”
youngest captain in NHL AC Milan resumes play Jan. 6 against Beckham will return to Old Trafford in
history to win a Stanley Genoa. February for the first time since leaving Man-
Cup, was chosen Wednes- “My experience with the club was so spe- chester United in 2003, after Milan was
day for Canada’s Olympic cial,” Beckham said Wednesday. “I missed drawn against Manchester United in the
hockey team, four years the club. I missed playing for it, I missed the Champions League.
after being left off the players and everybody associated with the It will be the first time he has played in
underachieving squad that club. the competition since 2007, when Real
finished seventh in Turin, “It was a very special experience. It was Madrid lost to Bayern Munich in the second
Italy. good last time and I hope it will be as good round.
Crosby was among the this time.” “When I found about the draw, I was near-
easiest picks for executive Beckham scored twice in 18 games for Midfielder David Beckham ly in tears,” he said. “It is a special place for
director Steve Yzerman, Milan from January to May 2009 while on me and I haven’t played there for nearly sev-
the longtime Red Wings loan from Los Angeles Galaxy in the MLS. He Leonardo has been praised for an attacking en years. I have a lot of friends at the club
captain whose choices have has repeated the move in a bid to secure his philosophy that has taken his team into sec- and a great rapport with the fans. It will be a
been debated and evaluat- place at the 2010 World Cup. ond place, eight points behind Inter Milan special evening, but we will be trying to win
ed for months in hockey- After a slow start, new Milan coach but with a game in hand. the match.”
obsessed Canada, which
virtually shut down for the
announcement.
Among those selected
Plenty Still at Stake As NFL Season Concludes
were goaltender Martin NEW YORK (AP) — Even Jaguars, Houston Texans and same situation a year ago in the Jones said. “For us to have an
Brodeur, who recently set though 10 teams have made the Miami Dolphins remain possibili- wild-card race, went into opportunity to even get in the Qatar player Hamed Ismail, left, vies for the ball with North Korean defender Ryang Myong-
the NHL record with his NFL playoffs and only two berths ties. Denver has 10 scenarios by Philadelphia and were smashed playoffs at this point in the season il during the 9th International Friendship Tournament in Doha, Wednesday. AFP-Yonhap
104th career shutout; are still open, a which it can get a wild card, half 44-6. says a lot about our coaching
defensemen Scott Nieder-
mayer and Chris Pronger;
truckload
games in this
of of those not even requiring the
Broncos to win on Sunday
An Eagles victory earns them
that bye. Dallas needs a win and
staff, says a lot about Rex and the
commitment that they have to us. North Korea Beats Qatar
forward Jarome Iginla, the weekend’s last against Kansas City. losses by Minnesota and Arizona It says a lot about the character of
star of Canada’s 2002 gold-
medal winning team; Joe
round of the reg-
ular season
Most intriguing are the Dallas
Cowboys vs. Philadelphia Eagles,
to get the week off.
Most people, including Jets
our team and guys not giving up.”
It also says a lot about having
1-0 at Friendly Tournament
Thornton, the NHL scoring could affect the and the Jets vs. Cincinnati Ben- coach Rex Ryan, thought the Jets a favorable schedule at the end By Yoon Chul whose header found the net
leader; and Corey Perry postseason lineup. gals. would have the postseason off of the season. Staff Reporter over the Qatari goalie and a
and Ryan Getzlaf, a pair of All six playoff participants in Dallas won 20-16 at Philadel- after a loss to Atlanta two weeks How badly will the defending defender.
24-year-old Anaheim the NFC have been already phia on Nov. 8, seemingly taking ago. Then everything New York Super Bowl champion Steelers North Korea won its second Hong, who plays with FC Ros-
Ducks teammates. decided but the the conference is charge of the division. But the required to remain viable for the be kicking themselves if they straight game at the 9th Interna- tov in Russia, also scored the
Niedermayer is the cap- pretty spicy, with the East crown Cowboys went 4-3 after that, playoffs happened last weekend beat Miami, finish with a 9-7 tional Friendship tournament in game’s only goal against Mali.
tain, with Pronger, Crosby about to be decided in Dallas, the while Philadelphia went 6-1 to — including the Indianapolis record and get left out of the Qatar, Thursday (KST), beating Once the East Asians had
and Iginla as alternate cap- Minnesota Vikings capable of take the NFC East lead. Sunday’s Colts waving an unbeaten season playoffs parade? A five-game host Qatar 1-0 in Doha on a taken the lead, they locked
tains. being seeded second, third or winner gets the division title and goodbye by sitting nearly every slump, including losses to door- header by Hong Yong-jo. down defensively and got the
Thornton’s San Jose fourth in the playoffs, and the perhaps a bye in the first round starter in the third quarter of a mats Kansas City and Oakland, The 2010 World Cup qualifier win.
teammates, Dany Heatley top-ranked New Orleans Saints of the playoffs. close game. The Jets rallied to will become the identity marker also defeated Mali 1-0 earlier The tournament leader will
and Patrick Marleau, were suddenly struggling. “It’s a perfect picture right hand Indianapolis its first loss, for 2009 — at least for those this week and sits in first place face Iran, which lost to Mali 2-1
also named. The AFC already has all four now,” Cowboys cornerback Mike and with a victory on Sunday who have short memories and out of four teams in the tourna- on the same day, on Sunday in
division winners and has con- Jenkins said. “I think it was set over the AFC North champion overlook what happened back in ment. the final game of the tourna-
centrated its frenzy on the wild- up real great. We’re in a good Bengals, who also might rest early February. After a scoreless first half, in ment.
card race, which has seven situation to go in and show their regulars, New York gets in. Miami won the AFC East a the 59th minute, forward Cho The total prize money for the
The Korea Times teams still in the scramble. The everybody what we’re made of. “We had a lot of tough games year ago by riding the wildcat Kum-chol penetrated into the International Friendship tour-
News on Internet Baltimore Ravens and New York Doing it (against the Eagles) is this year, a lot of tough losses, and protecting the ball. The wild- right corner of the box past a nament is $600,000, with the
Jets are in control, but if either even better. We’re in a great sit- games that we thought we would cat pretty much has disappeared Qatar defender. He sent a loop- winner earning a $250,000
http://www.koreatimes.co.kr slips, the Denver Broncos, Pitts- uation.” win and we ended up coming up and the Dolphins have suffered ing cross that linked with share.
burgh Steelers, Jacksonville Of course, they were in the short,” running back Thomas from turnovers. North Korean captain Hong, yc@koreatimes.co.kr
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28 FRIDAY-SUNDAY, JANUARY 1-3, 2010