Turning up the heat

Article Abstract:

Korean police finally crushed a student rebellion on the Yonsei University campus on August 20, 1996. A raid involving 2,000 riot police, tear gas, and 12 helicopters ended the increasingly violent confrontation. In previous years, South Korean student protestors had been urging reunification with North Korea for years mostly without hindrance. Seoul officials claim that the student organization that sponsors the protests and marches are tools and agents of the North Koreans. Others think that anger against North Korea and a change in public sentiment toward student protests is behind the change.

Political aspects, Demonstrations and protests, North Korea, Student movements, Student protests, Seoul, South Korea

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Give my your sick

Article Abstract:

The South Korean government has announced a move which will probably cause the demise of 55 companies. The government has denied the companies, which are all troubled businesses within South Korea 64 biggest chaebols, any new bank loans. The aim of the move is to eradicate parts of the chaebols which have little hope of success in the current adverse economic situation, and increase available funds for more positive aspects of business. South Korean President Kim Dae Jung also proposes that leading chaebols swap subsidiary businesses and focus on core operations.

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Kim turns up the heat

Article Abstract:

Kim Dae Jung, South Korea's president-elect, is already putting the country's chaebols, or large industrial groups, under strong pressure to revise their old-fashioned structures. The country's trade unions are set to make concessions, agreeing to legalized lay-offs for the first time, and there is now great pressure on the chaebols to match these concessions. Chaebol leaders argue that the government's high-pressure tactics are reminiscent of the days when South Korea had an authoritarian command economy.

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