laxatives

[yuvsgvoand]

Samsung Electronics announced Monday that it will invest W933,[link widoczny dla zalogowanych].8 billion to bulk up its production facilities for memory semiconductors (US$1=W928),[link widoczny dla zalogowanych].
Of that,[link widoczny dla zalogowanych], W646.5 billion will go towards building new facilities while W163.4 billion will be spent on improving existing facilities. The remaining W128.9 billion will be spent on related facilities.
Samsung plans to start installing new production lines at its plants from this month,[link widoczny dla zalogowanych].
"The company decided on the investment to meet increasing demand for memory semiconductors,[link widoczny dla zalogowanych], while increasing production and enhancing price competitiveness,[link widoczny dla zalogowanych]," a Samsung Electronics official said.
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[link widoczny dla zalogowanych] Arirang News

[link widoczny dla zalogowanych] 037

[link widoczny dla zalogowanych] [link widoczny dla zalogowanych]


The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

The government��s foreign exchange stabilization fund,[link widoczny dla zalogowanych], which is used to defend the won from volatile fluctuations against the U.S. dollar,[link widoczny dla zalogowanych], has accrued losses of W26 trillion (US$1=W1,[link widoczny dla zalogowanych],269). The reason was massive losses from investing in derivatives products in the attempt to defend the won, compounded by foreign exchange losses due to fluctuation. The forex stabilization fund draws its resources by issuing stabilization bonds, so losses incurred must be filled using taxpayers�� money.
In a report submitted to the National Assembly on Monday,[link widoczny dla zalogowanych], the Ministry of Strategy and Finance said losses by the forex stabilization fund stood at W26.37 trillion as of the end of 2007. This means it will be impossible to repay W26 trillion out of the fund��s entire debt even if it sells off all its dollar holdings and other assets.
In 2001, the forex stabilization fund��s losses stood at just W663.3 billion. But massive losses from investments in non-deliverable forward (NDF) and other derivative products sent accumulated losses up to W15.40 trillion in 2004,[link widoczny dla zalogowanych], W18.85 trillion in 2005 and to W26.03 trillion in 2006. In 2004,[link widoczny dla zalogowanych], losses from derivative products alone amounted to W4.5 trillion. A Finance Ministry official said foreign exchange losses were also incurred due to the weak dollar that continued until last year, and additional losses occurred in the process of investing in U.S. Treasury bonds,[link widoczny dla zalogowanych], where interest rates were lower than the interest rate Korea had to pay in raising the money.
It��s getting more expensive to pay the interest on the forex stabilization bonds that have been issued. Interest payments on forex stabilization bonds totaled W1.5436 trillion in 2003,[link widoczny dla zalogowanych], rising to W3.4688 trillion in 2006 and to W4.272 trillion in 2007. This has led to a vicious cycle of having to issue more forex stabilization bonds in order to raise money to pay the interest.
The National Assembly��s budget office issued reports in April and June this year showing that losses by the forex stabilization fund equaled half the money (W53 trillion) taxpayers had to shoulder to deal with the Asian financial crisis,[link widoczny dla zalogowanych]. The office pointed out that government intervention in the foreign exchange market by issuing forex stabilization bonds will drastically raise Korea��s national debt and act as a major burden on fiscal policies,[link widoczny dla zalogowanych].
In response,[link widoczny dla zalogowanych], a Finance Ministry official said Korean exporters would have suffered huge losses if the government had not dealt with foreign exchange speculators during 2003 and 2005. ��Government intervention this time around is designed to prevent the financial crisis from impacting the real economy,[link widoczny dla zalogowanych],�� he said. ��Accumulated losses at the forex stabilization fund are going to drop this year due to the won��s weakness against the dollar.��
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[link widoczny dla zalogowanych] Forestry and Fis

[link widoczny dla zalogowanych] Meanwhile

[link widoczny dla zalogowanych] US$1=W1


The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

An Italian judge has ordered the arrest of 13 U.S. citizens linked to the Central Intelligence Agency. Italian authorities charge the Americans abducted an Egyptian imam from Milan,[link widoczny dla zalogowanych], in northern Italy,[link widoczny dla zalogowanych], over two years ago.
Italian magistrates say an Egyptian imam was seized from the streets of Milan in February 2003. They say CIA agents were responsible for the abduction of the man, known as Abu Omar,[link widoczny dla zalogowanych], who was believed to belong to an Islamic terrorist group.
The Milan prosecutor's office issued arrest warrants for the 13 CIA operatives,[link widoczny dla zalogowanych], saying the kidnapping of the Egyptian imam was a blow to a terrorism investigation underway in Italy.
The U,[link widoczny dla zalogowanych].S,[link widoczny dla zalogowanych]. Embassy in Rome and government officials in Washington have declined to comment on the matter.
Italian investigators say the U.S. agents flew the cleric to Egypt, after taking him to the U.S. base at Aviano,[link widoczny dla zalogowanych], in northern Italy. He is said by family to have been tortured in an Egyptian jail.
Abu Omar was reportedly let out of jail by the Egyptian authorities due to health reasons. Disobeying requests for him to keep silent,[link widoczny dla zalogowanych], the man called his wife in Italy and an imam at a Milan mosque.
Newspaper reports say wiretaps of those conversations by the Italian police revealed how the imam was spirited away and tortured using electric shocks by the Egyptian authorities. He was taken back to prison in Egypt and has not been heard of since,[link widoczny dla zalogowanych].
Italian authorities say Egypt has not responded to two requests for information.
In Italy, investigators say details of the operation became clearer when they were able to identify the cell phones used by the Americans, and the calls they made. They also identified the hotels where they stayed in Milan and the cars they rented.
Italian officials say the U.S. agents spent over $140,000 while in Milan.
Since the September 11,[link widoczny dla zalogowanych], 2001, attacks on the United States,[link widoczny dla zalogowanych], the Central Intelligence Agency is believed to have stepped up its program of extraordinary rendition, a process in which a suspect is captured in one country and flown to another country to be interrogated by that country's intelligence service.
It is unclear whether the Italian intelligence services were aware of the CIA's Milan operation.
Former Italian President Francesco Cossigam said Saturday Italy cannot sever diplomatic relations with the United States,[link widoczny dla zalogowanych], and will likely set up an inquiry commission.

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[link widoczny dla zalogowanych] Arirang

[link widoczny dla zalogowanych] 000 h

[link widoczny dla zalogowanych]


The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

Korean brewer Hite said on Monday that it has launched a beer called "S" that is fortified with dietary fiber,[link widoczny dla zalogowanych].
The beer maker said S beer contains 0.5g of fiber per 100 ml,[link widoczny dla zalogowanych], which facilitates bowel movements and helps staying in shape.
The fiber in one bottle of S is equivalent to the amount gained from two or three cucumbers or eight strawberries,[link widoczny dla zalogowanych].
S beer comes in three sizes -- 330-ml bottles,[link widoczny dla zalogowanych], 355-ml cans,[link widoczny dla zalogowanych], and 1,[link widoczny dla zalogowanych],600-ml pet bottles. It contains four percent alcohol.
The 330-ml bottle of S beer costs W781.74 (US$1=W938),[link widoczny dla zalogowanych], which is 12.8 percent more than existing Hite beer products.

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[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]


The anxious public is now looking forward to a likely Bank of Korea rate cut on Thursday following the lead of central banks in the United States and Europe that are getting close to zero-percent interest rates.

[yuvsgvoand]

U.S. Army soldiers prepare to search an automotive yard in Mosul,[link widoczny dla zalogowanych], 360 kilometers (225 miles) northwest of Baghdad,[link widoczny dla zalogowanych], Iraq on Tuesday The U.S. military has announced the deaths of five soldiers and one sailor in Iraq, making 2007 the deadliest year for the U.S. military in Iraq since the war started in 2003.
The deaths happened Monday,[link widoczny dla zalogowanych]. More than 850 U.S,[link widoczny dla zalogowanych]. military personnel have died in Iraq this year.
The U.S. military says four of the soldiers were killed in an explosion near their vehicle in Kirkuk, while the fifth solider died in combat operations in al Anbar. The sailor died from injuries sustained in an explosion in Salah ad Din province.
In other news,[link widoczny dla zalogowanych], the U.S. military says it soon will release nine Iranians detained in Iraq who pose no further threat to Iraqi security. A military spokesman, Rear Admiral Gregory Smith,[link widoczny dla zalogowanych], said Tuesday two of those being released were detained in Irbil in January, while the others were taken into custody at various other times.
Also,[link widoczny dla zalogowanych], Iran opened a consulate in Irbil Tuesday, in the building that U.S. forces raided in January.
In other developments, the U.S. military says Iraqi and coalition forces discovered a mass grave Saturday with 22 bodies in the Lake Thar Thar region. The military says officials are trying to determine the identities and causes of death, so that their families can be notified.
Also,[link widoczny dla zalogowanych], the U.S. military says coalition forces killed eight terrorists and detained 10 suspects in operations Tuesday to disrupt terrorist networks in central and northern Iraq. It also announced that an Iraqi-led joint raid last week in Tikrit netted 39 suspects and led to the discovery of a torture cell,[link widoczny dla zalogowanych], a mobile hospital,[link widoczny dla zalogowanych], vehicle-borne bombs,[link widoczny dla zalogowanych], rocket-propelled grenades, machine guns and a Katyusha rocket.
Some information for this report was provided by AFP,[link widoczny dla zalogowanych], Reuters and AP.
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[link widoczny dla zalogowanych] incl

[link widoczny dla zalogowanych] Won Hye-young

[link widoczny dla zalogowanych] and his return


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

Shanghai Automotive Industry Corp.,[link widoczny dla zalogowanych], the majority shareholder in Ssangyong Motor,[link widoczny dla zalogowanych], has appointed product development chief Choi Hyung-tak as acting president to replace Soh Jin-kwan,[link widoczny dla zalogowanych], who was fired ahead of what workers fear could be a massive personnel shakeup.
In a board meeting on Saturday,[link widoczny dla zalogowanych], the board decided to dismiss Soh over poor business results. Korea's fourth largest carmaker posted combined net losses of W50.1 billion (US$50 million) in the first three quarters of the year.
SAIC had wanted to bring in a successor from outside but had to turn tail at the last minute because of opposition from local staff,[link widoczny dla zalogowanych].
"We decided to name Choi as acting president to improve Ssangyong's global competitiveness,[link widoczny dla zalogowanych]," SAIC president and board chairman Chen Hong said. Since joining the company in 1989,[link widoczny dla zalogowanych], Choi worked as an engineer in car development. He was behind almost all Ssangyong's new cars including the Mosso,[link widoczny dla zalogowanych], Rexton,[link widoczny dla zalogowanych], Rodius and Actyon models.
Industry insiders say it looks as though SAIC settled for a development expert to focus on its S-100 project,[link widoczny dla zalogowanych], which aims to set up a plant in China making sports utility vehicles for the Chinese market by 2007.
Meanwhile,[link widoczny dla zalogowanych], in a meeting with Chen ahead of the board meeting,[link widoczny dla zalogowanych], Ssangyong's labor union demanded SAIC keep its word to invest US$1billion in the automaker and scrap the S-100 project.
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[link widoczny dla zalogowanych] a close assoc

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych] a 51.9


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

The U.S. Secretary of State said she is "deeply concerned" about the plight of the Lebanese people and about the humanitarian situation in Lebanon after more than a week and a half of Israeli air strikes.
Condoleezza Rice met with the Lebanese prime minister for about two hours. On her way to the Middle East,[link widoczny dla zalogowanych], the secretary of state told reporters "a ceasefire is urgent," but she also said she wants a "sustainable" ceasefire, not an immediate,[link widoczny dla zalogowanych], unconditional one.
The U.S,[link widoczny dla zalogowanych]. government has come under fierce criticism in Lebanon and elsewhere for refusing to call for an immediate end to Israeli airstrikes.
Here in the southern port city of Tyre,[link widoczny dla zalogowanych], few of the Shi'ite residents in this Hezbollah stronghold have any faith in the U.S. secretary of state's efforts to broker a solution.
Khalil Mutara made his views clear while standing outside an apartment building that had just been hit by two Israeli rockets. "I think Miss Condoleezza, when she comes [to] Lebanon,[link widoczny dla zalogowanych], she didn't want to stop the war, she only want to speak and that's all. America helps Israel... to kill the people in this Lebanon,[link widoczny dla zalogowanych]," he said.
A recent report in the New York Times said the U.S,[link widoczny dla zalogowanych]. government has expedited delivery to Israel of a pre-existing order of precision guided bombs.
Roughly half a million people have been forced from their homes in southern Lebanon and south Beirut, where Israeli air strikes have flattened Shi'ite neighborhoods. The Lebanese death toll stands at more than 370, almost all civilians. On the Israeli side of the border, Hezbollah rockets have killed at least 17 civilians. About 20 Israeli troops have died in the fighting along the border.
The United Nations is appealing for $150 million in humanitarian aid to help the people displaced by the violence.
Another man, who gave his name only as Khalil, herded his and his neighbor's children into the basement of his building as several Israeli warplanes left vapor trails in the sky high above. Speaking over the unmistakable buzz of an unmanned reconnaissance aircraft,[link widoczny dla zalogowanych], he explained why he and his family have not fled to the mountains or the north. He said, "I do not think I can afford any better security than what I have here."
Although Israeli planes have dropped leaflets warning civilians to flee for their lives, many families like Khalil's cannot afford to pay hundreds of dollars for a dangerous taxi ride out of Tyre.
At the city's port, a chartered cruise ship brought eight tons of Swiss relief supplies and then evacuated several hundred people holding European and Canadian passports. Canadian sailors in camouflage ferried passengers out to the ship in little orange-and-white boats. But far more people wanted to leave than they had room for.
A Danish-Lebanese woman named Dunia Khattab and her small child leaped onto the orange-and-white dinghy, but her husband and small son,[link widoczny dla zalogowanych], Yusuf,[link widoczny dla zalogowanych], did not make it.
She begged them to let her stay behind with the rest of her family, but the boat pulled away from the dock,[link widoczny dla zalogowanych], and the family was cut in half. Cradling a weeping Yusuf in his arms,[link widoczny dla zalogowanych], her husband, Mahmoud Ahmed, said he has no idea where or when they will be reunited. "My family [is] cut now. Because now half on ship and half on land. My problem. I don't know now. My son and my wife in ship," he said.
They stood on the dock, watching the cruise ship pull away toward the horizon. Not long afterward, the bombs started to fall again, first distant and then closer.
The shelling of Tyre and the surrounding villages continued into the night.
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[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych] Hong

[link widoczny dla zalogowanych]


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

A Chinese diplomat visiting Seoul says North Korea has a strong will to stay in the six-party talks and honor the commitment it made in a Sept,[link widoczny dla zalogowanych]. 19 Joint Statement last year,[link widoczny dla zalogowanych].
In an interview with Arirang News Friday morning,[link widoczny dla zalogowanych], Chinese Foreign Ministry spokesman Liu Jiancho pointed to a lack of trust between the U.S. and North Korea and stressed the need for flexibility,[link widoczny dla zalogowanych], saying that bilateral talks will be conducive to furthering the dialogue process.
He believed that the six-party framework will not derail anytime soon,[link widoczny dla zalogowanych], but underscored the need to overcome difficulties like Washington's financial crackdown on Pyongyang.
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[link widoczny dla zalogowanych] Park

[link widoczny dla zalogowanych] Finance Minister Han

[link widoczny dla zalogowanych] a fairly stab


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

Seoul shares barely maintained their steam to inch toward a fresh record high for the second day running on Tuesday,[link widoczny dla zalogowanych], when the KOSPI index closed up a mere 1.6 points or 0.12 percent at 1,[link widoczny dla zalogowanych],341 points. The market opened lower over news of a bearish Wall Street and a surge the previous day and oscillated throughout the session before ending slightly higher.
KEPCO rose to a 52-week high and KT also saw gains after five days of losses. But most tech heavyweights lost,[link widoczny dla zalogowanych], with Samsung Electronics sliding 0.48 percent. Hynix and LG Electronics fell 1.3 and 0.92 percent. Financial stocks also performed poorly,[link widoczny dla zalogowanych], with Kookmin Bank,[link widoczny dla zalogowanych], Woori Financial Group and Shinhan Fiancial Group losing 1.51,[link widoczny dla zalogowanych], 0.73 and 3.25 percent.
The tech-heavy KOSDAQ closed down 4.63 points or 0.64 percent at 718.74 points. The dollar ended at W1,[link widoczny dla zalogowanych],016,[link widoczny dla zalogowanych],50,[link widoczny dla zalogowanych], down W1,[link widoczny dla zalogowanych],20 from the previous session.
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[link widoczny dla zalogowanych] Arirang New

[link widoczny dla zalogowanych] Arirang News

[link widoczny dla zalogowanych] then-p


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

President Bush delivers a eulogy during funeral services for former President Gerald R. Ford at the National Cathedral in Washington, 2 Jan 2007
Final respects were paid in Washington today for former President Gerald Ford, who died last Tuesday at the age of 93. Ford's body was moved from the Capitol,[link widoczny dla zalogowanych], where he had been lying in state, to Washington's National Cathedral where he was eulogized by President Bush and others. Ford's final resting place will be Grand Rapids,[link widoczny dla zalogowanych], Michigan,[link widoczny dla zalogowanych], where he grew up.
To the strains of "Hail to the Chief" and the thunder of cannon-fire, a military honor guard carried President Ford's casket down the steps of the Capitol building. The body of the 38th president was then driven through the streets of Washington to the National Cathedral for the funeral ceremony.
Former presidents Jimmy Carter, Bill Clinton,[link widoczny dla zalogowanych], and George Bush, Sr. attended the ceremony. Other dignitaries were there as well.
President Bush,[link widoczny dla zalogowanych], who escorted Mrs. Ford into the Cathedral, delivered the main eulogy. "In President Ford,[link widoczny dla zalogowanych], the world saw the best of America,[link widoczny dla zalogowanych], he said.. "And America found a man whose character and leadership would bring calm and healing to one of the most divisive moments in our nation's history."
Former President George H. W. Bush participates in funeral services for former President Gerald R. Ford at the National Cathedral in Washington, 2 Jan. 2007
President Bush senior and Ford's secretary of state, Henry Kissinger, also delivered remarks - and spoke of the late president's qualities.
Mr. Kissinger said,[link widoczny dla zalogowanych], "Gerald Ford had the virtues of small-town America: sincerity,[link widoczny dla zalogowanych], serenity and integrity. As it turned out, the absence of glibness and his artless decency became a political asset,[link widoczny dla zalogowanych], fostering an unusual closeness to leaders around the world,[link widoczny dla zalogowanych], which continued long after he left office."
Ford became president in 1974, following the resignation of Richard Nixon during the Watergate scandal. Nixon had appointed Ford vice president in 1973 to succeed Spiro Agnew, who resigned in a bribery scandal. After assuming the presidency, Ford worked to heal the bitterly divided nation - though his pardon of Richard Nixon was controversial. He ran for president in 1976 but was defeated by Jimmy Carter.
Funeral service for former President Ford at the National Cathedral in Washington
President Ford's remains will be buried Wednesday in Grand Rapids, Michigan, where he grew up. Many in Grand Rapids have placed flowers and other tributes to the former president at various points in the city.
Outside Ford's boyhood home, resident Dan Koorndyk recalled the former president.
"When I was in high school he became president. The whole Nixon-Watergate thing was happening,[link widoczny dla zalogowanych]. I thought he was a great man and the right person for the job at the time."
A private funeral service will be held at Grace Episcopal Church in Grand Rapids Wednesday, following by a private burial at the Gerald R. Ford Presidential Museum.
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[link widoczny dla zalogowanych] even speaking conservatively

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych] Arirang News


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

Prospects on the local bourse remain rather obscure amid unfavorable economic conditions worldwide. While investors contemplate their options,[link widoczny dla zalogowanych], market observers are cautioning against any drastic moves.
Korea's main KOSPI stock index,[link widoczny dla zalogowanych], which less than a year ago stood at above the 2,[link widoczny dla zalogowanych],000 mark, now barely hovers around 1,[link widoczny dla zalogowanych],500. Even market optimists have lowered their expectations for the rest of this year by some 500 points from that of last year to around 1,800.
So what's the best move for investors,[link widoczny dla zalogowanych]? Analysts say stability is the key in turbulent times and investors are cautioned against either suddenly pulling out of the market or bargain hunting,[link widoczny dla zalogowanych].
A strategist says what investors should do with their stocks or installment-type equity funds depends on how long they plan to keep them,[link widoczny dla zalogowanych]. Many Koreans are now turning to less-risky financial products that grant interest on principal balances,[link widoczny dla zalogowanych].
One such item is the traditional savings account. According to the Bank of Korea,[link widoczny dla zalogowanych], total deposits at banks around the country increased by US$22 billion in April from the previous month to nearly $850 billion. That's the biggest jump in the past 16 months.
A similar hot product is the cash management account or CMA, which is a savings account placed at a brokerage instead of a bank. CMA balances at securities firms broke $30 billion in May,[link widoczny dla zalogowanych], the largest figure since September 2006.
Last but not least there are also money market funds,[link widoczny dla zalogowanych], which invest in short-term debt securities. As of this month investors have put more than $70 billion into these funds, up $16 billion from February. All three products are ideal for stable investment.
The aggressive investment in stock markets seen in the past five years is not a good idea for at least a year or two. In the meantime,[link widoczny dla zalogowanych], experts recommend products that provide stable interest earnings while hedging current investments.
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[link widoczny dla zalogowanych] Koichiro Iizuk

[link widoczny dla zalogowanych] Arirang News

[link widoczny dla zalogowanych] but it allows us to claim plausibly that we can do that in the coming years


In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

[yuvsgvoand]

The United States formally re-established diplomatic ties with Libya this month, three years after that country agreed to dismantle its nuclear program. Some high profile voices say Libya provides a model for the kind of policies North Korea should adopt.
Secretary of State Condoleezza Rice this month promoted Libya as a model to so-called "rogue nations" with nuclear ambitions. The United States normalized ties with Libya, after the north African country renounced terrorism and agreed to scrap its nuclear weapons desires.
Assistant Secretary of State David Welch says Libya shows there is more to be gained by dismantling nuclear programs than pursuing them.
"When countries make a decision to adhere to international norms of behavior, they will reap concrete benefits. Libya serves as an important model,[link widoczny dla zalogowanych], as we push for changes in policy by other countries, such as Iran and North Korea," said Welch.
South Korean Foreign Minister Ban Ki-moon,[link widoczny dla zalogowanych], here in Seoul, also champions the Libya model for the communist North. He says Libya is an example of the bright future that awaits nations that renounce weapons of mass destruction,[link widoczny dla zalogowanych], and urges North Korea to follow suit.
Like North Korea, Libya spent decades as an international outcast - isolated and under sanctions.
The U.N. imposed sanctions on Libya following the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, in which 270 people were killed. Libya eventually turned over some of its intelligence agents for trial, and paid compensation to the victims' families.
Some analysts agree that Libya is a model, but more for U.S. negotiators to follow than for North Korea.
Former State Department official Bruce Jentleson, who was involved in talks with Libya in the 1990s, says the key to success with Libyan leader Moammar Gadhafi was to aim for policy, rather than regime, change.
"Here we had Libya, the original, sort of, rogue of rogues. And the kind of profound policy changes he [Gadhafi] has made, getting out of the terrorism business and completely dismantling his WMDs, is pretty amazing. Not that he has become a nice guy. But, it shows you can have policy change, without regime change," he noted.
Jentleson says the current White House needs to be mindful of this when dealing with North Korean leader Kim Jong Il in stalled nuclear disarmament talks.
"The Bush administration often has this notion that, the bigger the club, the more likely the other guy is going to change his ways. And with Gadhafi,[link widoczny dla zalogowanych], we only got the policy change when we told him that the big club of regime change was being put aside," Jentleson said.
President Bush described North Korea, along with Iran and Iraq, as part of an "axis of evil" in 2002 - a little more than a year before he invaded Iraq and deposed dictator Saddam Hussein.
Some analysts suggest that Iraq's example has been counter-productive, in that it only reinforced North Korea's desire to have a "nuclear deterrent" to prevent Washington from attempting Iraq-style change in Pyongyang.
And experts say that, while a military option was available with Iraq and Libya, the U.S. and its allies do not have a credible threat of force with North Korea.
Jun Bong-Geun, with Seoul's Institute of Foreign Affairs and National Security, says,[link widoczny dla zalogowanych], military options are limited, because North Korea has already announced it possesses nuclear weapons. Experts widely believe Pyongyang has at least a handful of nuclear bombs, though assessments differ about whether North Korea has the means to deliver them to a target.
Even without nuclear weapons,[link widoczny dla zalogowanych], military analysts agree North Korean conventional artillery and missiles could inflict hundreds of thousands of casualties in South Korea and Japan as a possible retaliation for a military strike.
David Mack, who was the deputy assistant secretary of state for Near Eastern affairs in the early 1990s, says, North Korea's nuclear development may be at too late a stage to make its situation comparable to Libya.
"In effect, North Korea had already done what we were trying to deter with regard to Libya, that is covert development of a nuclear weapon. So,[link widoczny dla zalogowanych], in the case of North Korea, to a certain extent, the horse is already out of the stable," said Mack.
Another key difference between Libya and North Korea is that Libya enjoys an abundant supply of oil, giving it a bargaining chip and influence after it abandoned its nuclear ambitions.
By comparison,[link widoczny dla zalogowanych], Jun Bong-geun,[link widoczny dla zalogowanych], at Seoul's Institute of Foreign Affairs, says North Korea has no major economic resources to offer or to trade.
Jun says North Korea cannot be expected to give up its nuclear programs as a first move,[link widoczny dla zalogowanych], because those programs are the North's only real source of international bargaining leverage.
But, he says, the United States may persuade the North to disarm in gradual phases. Trading step-by-step benefits for gradual disarmament,[link widoczny dla zalogowanych], he says, will build trust with the North, and help its leaders understand the benefits of joining the global community.
Washington indicated a willingness to embrace such a step-by-step approach when it committed to an "actions-for-actions, words-for-words" formula last September. The United States and its partners say they are ready to discuss wide-ranging incentives for the North, including massive energy assistance, security guarantees and an eventual peace treaty to formally end the 1950s Korean War.
Many experts agree the Libya experience provides a lesson for both Pyongyang and Washington in what diplomats have long described as "the art of the possible." Both sides will have to make some compromises,[link widoczny dla zalogowanych], they say, in order to replace decades of distrust with a working road map.
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In a Democratic Party financial meeting on Wednesday, Chairman Chung Se-kyun said, "Strategy and Finance Minister Kang Man-soo, the chief government economic policy maker, has won the president's trust but not that of market players, financial officials and the people.

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