Reuters blog archive
from Global News Journal:
By Jack Kim
For about eight straight years I’ve been covering North Korea, one of the world’s most closed countries with a human rights record that is roundly criticised as one of the worst on the globe.
So it came as a surprise when a North Korean “guide” said on my seventh visit to the communist state that when it comes to restricting freedom of movement, South Korea’s spy agency makes life tougher for North Korean visitors to the capitalist neighbour.
“They even follow you into the hygiene room and wait there until you’re finished!” a North Korean handler said as his voice rose in indignation when describing the treatment given to North Korean visitors to the South.
South Korea’s National Intelligence Service agents limit a North Korean visitor’s movement from floor to floor and ban any kind of excursion unless in a group tour. They also follow visitors into public restrooms.
from Changing China:
Im's eyesight is listed at 20/200 by the Korea Archery Federation, which basically means he can see at 20 feet what a person with perfect vision can see at 200 feet.
Lehman Brothers is looking for fresh capital in South Korea, the Wall Street Journal reports. If the investment bank does end up tapping South Korea, it will have taken slightly over a decade for the 1997 multibillion loan from the IMF, backed by Wall Street and the Federal Reserve, to come full circle. The Journal says Lehman is looking to state-run Korea Development Bank and Woori Financial Group as it searches for funds to ward off a Bear Stearnsian crisis of confidence. The IMF demanded strict economic reforms for its money. A South Korean lender, like the Chinese and Arab investors bailing out Citi and Merrill Lynch, might just want a juicier cut.
The best part of waking up is Folgers in your cup -- with a side of Smuckers jelly. The maker of Jif peanut butter and Crisco oil said it would buy Folgers from Procter & Gamble for stock valued at $2.95 billion plus the assumption of $350 million in debt. J.M. Smucker & Co also acquired Jif and Crisco from P&G.