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- Taiwan must find way in new Asia
The successive state visits to Japan by conservative South Korean President Lee Myung-bak and People's Republic of China State Chairman Hu Jintao in May shows conclusively that Northeast Asia's three major power are serious about repairing their past
- Tesco Pays GBP958 Million For 36 Korea Stores
LONDON Most of the stores will be converted to the Homeplus format over the next twelve months, it said. Tesco said the introduction of the stronger Homeplus format will drive sales and deliver synergies for the combined business and it is expected that
- Foods Weight in Consumer Price Index High in Korea
Weight of food prices in the domestic consumer price index was found to be twice those of the United States and the European Union and also heavier in comparison to those of other Asian nations such as Hong Kong, Taiwan and Singapore, indicating the
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After World War II, a republic was set up in the southern half of the Korean Peninsula while a communist-style government was installed in the north. The Korean War (1950-53) had US and other UN forces intervene to defend South Korea from North Korean attacks supported by the Chinese. An armistice was signed in 1953 splitting the peninsula at the 38th parallel known as the DMZ. Thereafter, South Korea achieved rapid economic growth, with per capita income rising to 13 times the level of North Korea. In 1997, the nation suffered a severe financial crisis from which it continues to make a solid recovery. South Korea has also maintained its commitment to democratize its political processes. In June 2000, a historic first south-north summit took place between the south's President KIM Dae-jung and the north's leader KIM Chong-il. In December 2000, President KIM Dae-jung won the Noble Peace Prize for his lifeling committment to democracy and human rights in Asia. He is the first Korean to win a Nobel Prize.
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AFP - Wireless telecommunications group Virgin Mobile USA, Inc., said Wednesday it was holding "strategic" talks with SK Telecom, South Korea's biggest mobile phone group.
Reuters - Seven NATO nations gave their backing
on Wednesday to a new cyber defense centre in Estonia, the
ex-Soviet state which last year faced weeks of attacks on its
Internet structure after a row with Russia.
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