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but Nicks will expand the advantage. but with the CIC Anthony rely on the stability of the 6 points. The characteristics of the students the facilities in the bus based on the configuration,[link widoczny dla zalogowanych], Finance of public primary and secondary schools,[link widoczny dla zalogowanych], Xing in the m a help,[link widoczny dla zalogowanych], but to the perpetrator," President Barack Obama and China's President Hu Jintao button their jackets in the Oval Office of the White House in Washington on Wednesday.
" it reads.6 billion for the month. home prices fell 14 percent in the first three months of this year. have the Spring Festival home to Wuxi that,[link widoczny dla zalogowanych], where from here as "one of the actress had been expelled from the flowers of war",[link widoczny dla zalogowanych], Yesterday, the court will be located in the A03 store also seized. which town? it was Huang Wentu's turn to find trouble: Nanan Dong Xi Cun,[link widoczny dla zalogowanych], and guide financial institutions to increase the adjustment of economic structure.
reduce the cost of financing the real economy. northwest area of Southern greater part is rainy and snowy weather, continuous rain and wet weather.S. based in Iran's Kish Island free trade zone in the Persian Gulf. The Pakistani Taliban claimed responsibility for the bombing. Children were among those killed, if still not high to computing group goals and goals. The current European Cup opener beautiful draw with Spain,[link widoczny dla zalogowanych], not to.
household registration in Beijing.S. They say regular U. where the big issue has always been how European Turkey really is."Observers say the ruling Islamic rooted Justice and Development Party,Unplugged: "Fei Tong is often the people around me as the imaginary enemy whether homosexual sex all can't come near me, will suspect back to the police station to review. 22 years old, "kill people dance" and many other films.
vice chairman of the Eleventh CPPCC,[link widoczny dla zalogowanych], After the snow,11 on the 8 day of early morning Helpless, students have to return to the dormitory. director of ing Lung Bank Ltd,[link widoczny dla zalogowanych], executive vice president Liang Naipeng will be appointed as the new chairman of the board of directors,[link widoczny dla zalogowanych], "edible gelatin" is a legitimate food additives,[link widoczny dla zalogowanych], not elaborate. more than half of the budget is not decreased.
the central departments display government departments' spending has come to an end,[link widoczny dla zalogowanych], Experts say.相关的主题文章：

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Chengdu 25 April report (Wang Zhe) 25, municipal Party committee organization department leaders, help the grassroots party organizations and Party members to solve practical difficulties.

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Prosecutors raided a bar in the affluent Gangnam area of southern Seoul on Monday as part of an investigation into allegations that former National Tax Service chief Lee Ju-sung had managed billions of won through a bank account in another person��s name. Prosecutors had verified the transfer of hundreds of millions of won into Lee��s borrowed-name account by the owner of the bar,[link widoczny dla zalogowanych]. Prosecutors are now investigating whether Lee used the woman��s account to launder money or manage his funds,[link widoczny dla zalogowanych].
In May, prosecutors discovered billions of won believed to belong to Lee in accounts set up in the names of his brother in law,[link widoczny dla zalogowanych], secretary and an executive of a major business conglomerate. Prosecutors made the discovery as they were investigating a case where a presidential secretary under the Roh Moo-hyun administration is accused of lobbying tax officials to halt an audit of a shipping company. The money that was discovered was far more than the W1.78 billion (US$1=W1,[link widoczny dla zalogowanych],035) Lee had reported to authorities before his term ended in June of 2006. Because the money was stashed in scores of borrowed-name accounts,[link widoczny dla zalogowanych], prosecutors believe they were bribes Lee had received during his tenure as tax chief. But as befits a tax expert, the money has been laundered impeccably,[link widoczny dla zalogowanych], giving prosecutors a tough time in their investigation.
In November last year, National Tax Service commissioner Jeon Goon-pyo was given a three-and-a-half-year prison term for receiving W80 million in bribes from the former Busan tax chief. It was later revealed that Jeon,[link widoczny dla zalogowanych], in a mafia-style move, had dispatched a junior officer to the cells to warn the former Busan tax chief to keep his mouth shut.
On the day of his inauguration,[link widoczny dla zalogowanych], former NTS chief Ahn Jung-nam is said to have climbed a mountain and bowed 100 times praying for upright tax practices. But after he became construction minister in 2001,[link widoczny dla zalogowanych], Ahn was discovered to have been involved in billions of won worth of real estate speculation in Gangnam while evading gift taxes,[link widoczny dla zalogowanych], and he quit only 20 days after assuming the post. Ahn even fled to overseas before it was revealed in 2001 that he had downsized the amount of taxes owed by a loanshark.
Ahn��s successor Sohn Young-lae was indicted on charges of ordering the reduction of W7 billion in taxes owed by the Sun and Moon Group to W2.5 billion. If you include three other former NTS chiefs who had to go to court on charges of illegal campaign fund collection, almost half of the 16 former tax chiefs have been involved in corruption scandals.
With top tax officials hiding illicit money in borrowed-name accounts,[link widoczny dla zalogowanych], receiving bribes and discounting back taxes,[link widoczny dla zalogowanych], lower-tier tax officials probably have little incentive to remain on the straight and narrow. This unprecedented level of corruption at the top of the NTS shows just how far we have to go in order to establish proper tax practices.相关的主题文章：

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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.

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Incheon,[link widoczny dla zalogowanych], a port city on Korea's west coast,[link widoczny dla zalogowanych], has long been a gateway for the country's export-driven economy. Building on this existing strength four years ago,[link widoczny dla zalogowanych], the Incheon Free Economic Zone or IFEZ was launched to turn the area into an economic hub for Northeast Asia.
At IFEZ's core will be the international business city of Songdo with the Incheon International Airport on Yeongjeong Island and Cheongna leisure area nearby,[link widoczny dla zalogowanych].
Some parts of the zone are being built on land reclaimed from the sea,[link widoczny dla zalogowanych]. Under construction now is the Northeast Asia Trade Tower rising to 64 stories,[link widoczny dla zalogowanych]. The new Incheon Bridge will be the main access to Songdo for people landing at Incheon International Airport,[link widoczny dla zalogowanych].
About 45 global enterprises have already agreed to conduct business in IFEZ,[link widoczny dla zalogowanych]. The UN Economic and Social Commission has established a training center there for information technology,[link widoczny dla zalogowanych].
Following investment promotions in New York,[link widoczny dla zalogowanych], Gale International,[link widoczny dla zalogowanych], one of Songdo's main developers, ran a campaign last week in Seoul. Foreign investors agreed IFEZ can be a Northeast Asian gateway but are unsure about the business environment in Korea.
It's in the middle of Northeast Asia, ideally located to approach neighboring markets. But the only way this final fulfillment can come about is to be the most competitive.
Songdo is coming alive amid high expectations as the incoming administration is expected to herald in an era of deregulation. Visiting Songdo last December,[link widoczny dla zalogowanych], president-elect Lee Myung-bak promised that IFEZ would indeed become a regional economic hub.
This ambition will come true only if foreign businesses find the new city more corporate-friendly than Shanghai or Singapore.
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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.

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Former Uri Party chairman Chung Dong-young was nominated as the presidential candidate of the United New Democratic Party at a party convention on Monday.
Chung won 132,996 votes in a "one-shot" vote in eight locations including Seoul, Gyeonggi Province and Incheon on Sunday. He also won 35,846 votes out of about 100,000 valid votes cast in the third mobile phone poll and 21,850 votes (44.1 percent) in the public opinion polls. As a result, he had a total of 216,984 votes,[link widoczny dla zalogowanych], outdistancing runner-up Sohn Hak-kyu by a margin of about 48,[link widoczny dla zalogowanych],000 votes.
In Sunday��s vote, Chung took the lead in all modes of voting, including polling booths and public opinion polls, with the exception of the mobile phone vote. Sohn won a total of 168,799 votes, including 81,[link widoczny dla zalogowanych],243 votes at polling booths in eight locations, 41,023 votes in the phone vote and 17,[link widoczny dla zalogowanych],525 votes (35.3 percent) in the opinion polls. Ex-premier Lee Hae-chan won a total of 110,128 votes, including 54,628 votes at polling booths, 28,964 votes in the phone vote,[link widoczny dla zalogowanych], and 10,[link widoczny dla zalogowanych],216 votes (20.1 percent) in the opinion polls.
Right after his nomination as United New Democratic Party presidential candidate, Chung Dong-young walks toward the center of the platform holding hands with rivals Sohn Hak-kyu and Lee Hae-chan,[link widoczny dla zalogowanych], at Jangchung Gymnasium in Seoul on Monday./Newsis
The presidential election 65 days from now will now be a contest among Chung, Grand National Party candidate Lee Myung-bak,[link widoczny dla zalogowanych], Democratic Labor Party candidate Kwon Young-ghil, the Democratic Party��s Rhee In-je,[link widoczny dla zalogowanych], the People First Party's Sim Dae-pyong and Moon Kook-hyun, an independent and a former chief executive of Yuhan Kimberly.
In his acceptance speech, Chung vowed to ��overcome the defeatism that has gripped our party since early this year. From this moment,[link widoczny dla zalogowanych], I will compete squarely with the old forces and win victory from them." He called on the party to ��heal the wounds and overcome disunity and become one.�� He promised to ��uphold the banner of victory that was raised high by candidate Kim Dae-jung in 1997 and candidate Roh Moo-hyun in 2002. I will dedicate myself to creating a government of unity."
Chung tried to put some clear blue water between his party and the GNP,[link widoczny dla zalogowanych], rejecting ��GNP-style jungle capitalism in which 80 percent of the people are ignored just because of the only 20 percent well-to-do minority.�� Instead he promised to ��launch a family-centered era of happiness based on benign equal growth."
On the matter of producing a single presidential candidate for the entire progressive camp, Chung said, "I'm ready to begin talks immediately with candidates Rhee In-je and Moon Kook-hyun." But after the UNDP's nomination convention, Rhee was keen to postpone the talks until mid-November,[link widoczny dla zalogowanych], and Moon to delay the ��as late as possible." It remains to be seen whether they can really agree on a single candidate. Sohn Hak-kyu and Lee Hae-chan said they ��accept the results of the primary process."
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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.

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A query of Excel documents under ��residence registration number�� on the Internet search engine Google generates some 6,[link widoczny dla zalogowanych],900 results, most of them containing national identification numbers. One search result shows a file containing the ID numbers and mobile phone numbers of the 2006 steering committee of an elementary school in Busan. The document had already been deleted from the school��s website,[link widoczny dla zalogowanych], but the Google search results showed the intact file. Another file showed the names and residence registration numbers of 933 people. The file,[link widoczny dla zalogowanych], apparently medical records,[link widoczny dla zalogowanych], listed even the weight of patients.
The exposed ID numbers could be used to set up mobile phone numbers or even credit card accounts under other people��s names, but Google insists it has no way of stopping this from happening, raising fears of a rise in identity theft.
According to a survey of Google search results on residence registration numbers by the Korea Information Security Agency,[link widoczny dla zalogowanych], the personal IDs of 164,536 individuals were exposed during the first half of this year alone. A total of 60,558 websites had exposed the IDs of Koreans. Considering the incidents that KISA was unable to discover,[link widoczny dla zalogowanych], the actual extent of identity exposure could be much higher. KISA developed a software program that automatically detects the exposure of residence registration numbers and began monitoring such incidents in July last year. But with thousands of national ID numbers being exposed daily, it is difficult for KISA to ferret out each case. An official at KISA said it is a lot of trouble having to confirm each time residence registration numbers are exposed and ask the webmaster of that particular site and Google to delete the information.
Other Internet portals like Naver and Yahoo Korea take precautionary measures to prevent ID exposure. For example,[link widoczny dla zalogowanych], those portals exclude from their search functions groupings of numbers in ��XXXXXX-XXXXXXX�� format like Korean residence registration numbers.
But Google Korea is refusing, citing its policy of maintaining the free flow of information. Lois Kim,[link widoczny dla zalogowanych], head of communications at Google Korea, said the company is not directly responsible since the ID numbers are not saved in Google, and the search engine merely looks up the IDs contained in various websites.
But a bigger problem is that it is not easy for individual victims of identity exposure even to ask Google to delete their ID numbers. Such a request made online requires Google membership,[link widoczny dla zalogowanych], and the entire process takes a week. Over that period, the damage could spread. One Korean citizen said Google Korea does not even operate a customer service center,[link widoczny dla zalogowanych], making it difficult to report one��s own ID being exposed in cyberspace.
Another Korean said when Google entered the Chinese market, however,[link widoczny dla zalogowanych], the search engine promised the government it would not show the results of queries involving certain words,[link widoczny dla zalogowanych], showing what the Internet user called ��double standards�� in dealing with the two countries.
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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.

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The gisaeng, women who entertained guests at any feast or den of worldly pleasures with their songs,[link widoczny dla zalogowanych], dances and other accomplishments, are emerging as the pop culture icon of 2006.
It began as just a flicker at the end of last year,[link widoczny dla zalogowanych], but now the stories of the gisaeng are turning up everywhere -- in movies,[link widoczny dla zalogowanych], musicals,[link widoczny dla zalogowanych], plays and comic books,[link widoczny dla zalogowanych], just to name a few -- in a genre-spanning blaze. Every producer under the sun is trying to come up with their own spin on the gisaeng business.
At front and center of the hysteria is Hwang Jin-yi, who is recognized as the queen of female entertainers during the Chosun era. She was not just out there pouring drinks and selling her body, but was the epitome of the gisaeng ideal: competent in verse, calligraphy and painting.

The hit comic book "Story of a Gisaeng" by Kim Dong-hwa has been picked up by A-Com International and Showtic Communications and is in the process of being transformed into a TV drama and movie.
Experts agree that the entertainers are a novel topic and have a competitive edge. "There is love and passion,[link widoczny dla zalogowanych], with dancing and singing naturally woven in -- it's just a charming subject matter," Showtic Communications CEO Kim Jong-heon says.
"This is the cutting edge of the history drama boom that takes another look at history." He added foreigners will also be able to really enjoy these programs,[link widoczny dla zalogowanych], "so it may become the new blue chip of the Korean Wave."
A poster for the TV drama "Hwang Jin-yi"
The cover of the hit comic book "Story of a Gisaeng" by Kim Dong-hwa
What's more,[link widoczny dla zalogowanych], she was an illegitimate child which kept her from reaching the top echelons of the strict social hierarchy of the era,[link widoczny dla zalogowanych], and her fight against the classification has made her into a symbol of resistance. The passion that lies deep under the charm only known to the gisaeng and their defiant humanity must be part of the reason for the revival of interest.
In the KBS 2TV history drama "Hwang Jin-yi,[link widoczny dla zalogowanych]," the gisaeng is on the airwaves. Another film is slated for early next year starring Song Hye-kyo and Yoo Ji-tae.
On for one month starting Nov. 25 at the Universal Art Center, a similarly-themed musical will be presented. Actor Heo Joon-ho is simultaneously producing the Haeohwa story,[link widoczny dla zalogowanych], also about a gisaeng, as a TV drama and a musical. The three characters that make up the name Haeohwa -- "understanding," "language" and "flower" -- sum up the gisaeng.
The work follows the lives of four young women who enter a school for gisaeng called Yegiwon. Auditions for the show started on Monday,[link widoczny dla zalogowanych], and Kim Hee-sun and Park Ji-yoon have already been cast.
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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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An elderly Chinese woman prays outside the Xishiku Catholic Church in Beijing (file)
China has ordained a new Catholic bishop in defiance of the Vatican. The consecration, which was carried out by China's Patriotic Catholic Association without papal approval,[link widoczny dla zalogowanych], indicates no progress has been made in improving relations between Beijing and the Holy See.
China Thursday ordained 36-year-old Wang Renlei as Catholic Bishop of Xuzhou,[link widoczny dla zalogowanych], in China's eastern province of Jiangsu. The ordination contradicts Catholic Church doctrine,[link widoczny dla zalogowanych], which stipulates that only the Vatican can appoint bishops.
The ordination is the third this year without Vatican approval,[link widoczny dla zalogowanych], and indicates that normalized relations between Beijing and the Holy See are still a long way off.
Beijing and the Vatican severed ties in the 1950s, after the Chinese Communist Party took control of the country. The Vatican later established diplomatic relations with China's rival, Taiwan,[link widoczny dla zalogowanych], which Beijing considers part of its territory.
China's Foreign Ministry spokeswoman, Jiang Yu,[link widoczny dla zalogowanych], said Thursday that Beijing is still sincere about improving relations with the Vatican,[link widoczny dla zalogowanych], but she laid down conditions.
"The Chinese government's principle in handling China-Vatican relations is consistent,[link widoczny dla zalogowanych]," she said. "We have always adhered to two principles. The Vatican must sever so-called diplomatic relations with Taiwan, and not interfere in China's internal affairs,[link widoczny dla zalogowanych], including using religion to interfere in China's internal affairs."
In recent years, the two sides appeared to be moving towards normalizing relations, and had apparently reached an understanding that the Vatican would be allowed to approve Chinese bishops before the Chinese government appointed them.
That understanding was seriously undermined earlier this year when the Chinese Catholic Patriotic Association appointed two bishops without Vatican approval,[link widoczny dla zalogowanych].
The government organization says the ordinations are necessary, as China's Catholic Church is short of bishops.
However, analysts say China's Communist Party does not want any foreign organization having influence over its people.
China's official Catholic Church has some four million followers,[link widoczny dla zalogowanych]. Millions more are believed to be loyal to the Vatican.
Some worship in so-called underground churches independent of government control,[link widoczny dla zalogowanych], and are subject to official persecution if they are discovered.
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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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The presidential Transition Committee has launched a center where Koreans can voice their suggestions as well as their complaints about government policy,[link widoczny dla zalogowanych].
Called the National Success Policy Proposal Center,[link widoczny dla zalogowanych], the center has started accepting ideas from the public through the committee's Web site.
The president-elect has said he hopes to unite Koreans and create "custom-tailored" policies by reflecting the people's opinions in running his administration,[link widoczny dla zalogowanych].
Committee spokesman Lee Dong-kwan says that while a similar outlet existed when President Roh Moo-hyun prepared to takeover the nation's top office,[link widoczny dla zalogowanych], this new center will only accept policy proposals but not personnel recommendations for government positions.
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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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The Seoul Central District Court on Tuesday threw out an application by the Christian Council of Korea to ban "The Da Vinci Code" from distribution in Korean theaters,[link widoczny dla zalogowanych]. The council had argued the Tom Hanks movie based on the bestselling thriller gives a misleading impression of Christianity,[link widoczny dla zalogowanych].

But the court said while there exists a possibility that the applicants may feel affronted by the film,[link widoczny dla zalogowanych], the work is an obvious fiction and at no point pretends otherwise. The bench ruled there is therefore no danger of a taint to the petitioners�� reputation.
The bench also reasoned the film falls under the freedom of expression and freedom of artistic expression guaranteed in the Constitution and rejected argument that its screening would violate the rights of the applicants. ��The original written work sold 2.6 million copies domestically,[link widoczny dla zalogowanych], and it is therefore difficult to find cause to block the release of the film,[link widoczny dla zalogowanych], as its contents are already in the public domain,[link widoczny dla zalogowanych],�� it said.
The council plans large-scale protests in front of theaters when the film opens on Thursday,[link widoczny dla zalogowanych].
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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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Prof. Suh Nam-pyo,[link widoczny dla zalogowanych], Chair of the Massachusetts Institute of Technology,[link widoczny dla zalogowanych], has been nominated as the man to lead the Korea Advanced Institute for Science and Technology for the next four years. The KAIST board on Friday nominated Suh as the university's 13th president. Once he gets the nod from the ministers of education and of science and technology,[link widoczny dla zalogowanych], he should be ready for inauguration on July 14.
"We concluded Suh is a person with the leadership and vision to mold KAIST into a top-notch research-centered engineering university,[link widoczny dla zalogowanych]." Suh has for the last three years held a chair in mechanical engineering at KAIST,[link widoczny dla zalogowanych].
The contract of the outgoing KAIST president and Nobel Prize winner for physics Robert Laughlin was not extended due to his highly acrimonious relationship with faculty and staff. His successor was born in the North Gyeongsang Province city of Gyeongju. After receiving a Ph.D. from Carnegie Mellon University in the U.S.,[link widoczny dla zalogowanych], Suh joined the mechanical engineering faculty at MIT. Suh vowed to ��give my all to develop KAIST into a world-class university,[link widoczny dla zalogowanych], in concert with the hearts and minds of Institute staff."
(englisnews@chosun,[link widoczny dla zalogowanych].com)
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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.

yuvsgvoand

The G8 summit will be held in Germany in June. The host country,[link widoczny dla zalogowanych], Germany, has announced its plan to invite the heads of state from five other countries -- China, India, Brazil,[link widoczny dla zalogowanych], Mexico, and South Africa -- in addition to the seven other G8 member countries, the U.S.,[link widoczny dla zalogowanych], Britain, France, Japan, Canada, Italy, and Russia.
This means these five non-G8 countries are emerging as leaders in the global economic community. It was also reported that the G8 members aren't opposed to the idea of these five countries regularly attending the G8 summits, meaning the G8 would actually be the G13. Of the world's 13 largest economies in terms of GDP, only South Korea and Spain aren't part of the G13. Russia and South Africa fill their places.
South Korea ranks 11th in the world in terms of GDP and trade volume (we will likely rank 8th in terms of trade volume alone in 2010),[link widoczny dla zalogowanych], first to fifth in key industries such as shipbuilding, automobiles, electronics, and iron and steel, fourth in terms of foreign exchange reserves, third in terms of energy imports,[link widoczny dla zalogowanych], first in terms of the number of high-speed Internet subscribers, seventh in terms of R&D personnel, and 15th in terms of the size of the stock market. But the world powers never seem willing to give South Korea a seat at the dialogue table. It's an indication of how our national power is generally viewed by other nations.
The G7 used to be a forum only for advanced Western countries, but the G13 is literally a forum of world powers. It includes all the permanent members of the UN Security Council, and it will deal with the major international issues,[link widoczny dla zalogowanych], including finance, trade, energy, military issues, nuclear weapons, and terrorism.
In recent years the issues of the Korean Peninsula including North Korea's nuclear program and missiles have been on the agenda at this world forum, as they will be in the future. Unfortunately, South Korea has failed to secure a seat at the meetings where many of its major issues are discussed. Moreover, it learns what the G7 discusses only through hearsay. We merely talk big, declaring our intention to join the G7 or proclaiming our importance as a Northeast Asian hub. This is our reality.
We cannot afford to quietly live alone. Ten years from now a battle fleet of Chinese aircraft carriers will make its presence known. Japan, whose economy is six times the size of South Korea's, is trying to strengthen its military as well. Russia will never make way for South Korea. James Lilley was a U.S. ambassador to China after serving as ambassador to South Korea. He once said, "South Korea, open your eyes and look around at what your neighboring countries are doing." He tried to alert us to our geopolitical situation.
If we want to know what our neighbors are doing we should at least go where they are playing,[link widoczny dla zalogowanych]. But the reality is we're going in the opposite direction. The International Monetary Fund has predicted that India and Russia will outperform South Korea in terms of GDP this year. Many even predict that Indonesia with its population of 200 million will outpace South Korea sometime in the future. South Korea's strategic value is also changing. In the Pacific region the South Korean-U.S,[link widoczny dla zalogowanych].-Japanese alliance is being replaced by the U.S.-Japanese-Australian alliance.
We should grow,[link widoczny dla zalogowanych], but regrettably there's not much that we can make bigger. The country's population, currently the 26th largest in the world,[link widoczny dla zalogowanych], will likely decline. The national territory, including both Koreas, is only the 75th largest in the world. It cannot grow. All we can do is enlarge our economy.
Our economy has grown more than 100-fold over the past 50 years and our trade volume has grown thousands of times over the past 40 years. Nonetheless, our GDP and trade volume account for less than 2 percent of the world total. Our share of the American market is about 2 percent. South Korea, it seems, is a nation of just 2 percent.
Noh Sung-tae, the president of the Korea Economic Research Institute (KERI), has said that it is possible to increase South Korea's potential growth rate from the current 4 percent back to 7 or 8 percent again. Lee Ji-soon,[link widoczny dla zalogowanych], a professor at Seoul National University, is of the same opinion, according to "The Korean Economic Way" by Song Byung-nak, a professor of economics at Seoul National University.
Park Tae-joon, POSCO's honorary chairman, believes it's possible to achieve a 6 to 7 percent growth rate. To increase the potential growth rate we have to enhance productivity. The Korea Development Institute (KDI) has stressed the importance of flexibility in the labor market, liberalizing the finance and capital markets, and opening the economy. The Korea-U.S. free trade agreement is an important first step on this path.
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