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South Korea Development And Redevelopment

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BUSINESS
April 22, 1991 | GEORGE WHITE, TIMES STAFF WRITER
American firms are streaming to the Middle East in a frantic quest for up to $100 billion in construction contracts to repair war-torn Kuwait over the next five years, a rebuilding program touted as the most expensive in history. However, amid recent announcements by Taiwan, the Kuwaiti reconstruction effort may not even be the most expensive building program of the 1990s.
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BUSINESS
April 29, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Asia's developing countries will continue to be the economic stars among the world's economies this year, posting robust growth rates. But rising labor costs, slower export growth and other problems will generally reduce their rates of expansion compared to last year. That's among the many conclusions reached by the Asian Development Bank, a 49-member-nation institution based in Manila that provides funds and technical assistance to Asia Pacific nations.
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BUSINESS
April 29, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Asia's developing countries will continue to be the economic stars among the world's economies this year, posting robust growth rates. But rising labor costs, slower export growth and other problems will generally reduce their rates of expansion compared to last year. That's among the many conclusions reached by the Asian Development Bank, a 49-member-nation institution based in Manila that provides funds and technical assistance to Asia Pacific nations.
BUSINESS
April 22, 1991 | GEORGE WHITE, TIMES STAFF WRITER
American firms are streaming to the Middle East in a frantic quest for up to $100 billion in construction contracts to repair war-torn Kuwait over the next five years, a rebuilding program touted as the most expensive in history. However, amid recent announcements by Taiwan, the Kuwaiti reconstruction effort may not even be the most expensive building program of the 1990s.
NEWS
March 23, 1988
South Korean prosecutors opened an investigation into fraud, influence peddling and financial scandals allegedly involving the brother of former President Chun Doo Hwan. The brother, Chun Kyung Hwan, formerly ran the Saemaul Undong development organization, whose officials are suspected of diverting funds to profit-oriented projects, land speculation and other activities. Chun Doo Hwan, who was succeeded as president by Roh Tae Woo on Feb. 25, left Seoul for a U.S. visit.
NEWS
November 3, 1987 | NICK B. WILLIAMS Jr., Times Staff Writer
Near the end of a hard dirt road, in a depression among the rice paddies, lies Kwangju City Cemetery. A sign, written in Korean and English, identifies a knoll covered with simple black headstones. "This is Graveyard III," the sign says. "This place has become an eternal sacred land where 101 of thousands of democratic patriots lie buried. They were bitterly slain with the military dictator's firearms."
NEWS
March 31, 1988 | Associated Press
The younger brother of former President Chun Doo Hwan was arrested early today on corruption and embezzlement charges in connection with a multimillion-dollar financial scandal, South Korean prosecutors said. Court sources, speaking on condition of anonymity, said warrants for the arrest of Chun Kyung Hwan and three of his aides and associates were issued shortly after midnight and served early this morning.
BUSINESS
April 5, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The Securities and Exchange Commission has initiated an investigation into Northrop's payment of $6.25 million in 1984 to a South Korean strongman in an effort to sell jet fighters, according to the firm's proxy statement issued late Thursday. The firm also disclosed in the proxy that it severed a consulting agreement with former Chairman Thomas V. Jones during 1990, even though it must pay Jones $540,000 over the next two years.
BUSINESS
April 5, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The Securities and Exchange Commission has initiated an investigation into Northrop's payment of $6.25 million in 1984 to a South Korean strongman in an effort to sell jet fighters, according to the firm's proxy statement issued late Thursday. The firm also disclosed in the proxy that it severed a consulting agreement with former Chairman Thomas V. Jones during 1990, even though it must pay Jones $540,000 over the next two years.
NEWS
March 31, 1988 | Associated Press
The younger brother of former President Chun Doo Hwan was arrested early today on corruption and embezzlement charges in connection with a multimillion-dollar financial scandal, South Korean prosecutors said. Court sources, speaking on condition of anonymity, said warrants for the arrest of Chun Kyung Hwan and three of his aides and associates were issued shortly after midnight and served early this morning.
NEWS
March 30, 1988
The brother of former South Korean President Chun Doo Hwan has admitted to embezzling millions of dollars and will be charged with corruption, prosecutors said. Chun Kyung Hwan made a partial confession after being interrogated for 20 hours about his activities as head of the Saemaul rural development program, senior prosecutor Kang Won Il said.
NEWS
November 3, 1987 | NICK B. WILLIAMS Jr., Times Staff Writer
Near the end of a hard dirt road, in a depression among the rice paddies, lies Kwangju City Cemetery. A sign, written in Korean and English, identifies a knoll covered with simple black headstones. "This is Graveyard III," the sign says. "This place has become an eternal sacred land where 101 of thousands of democratic patriots lie buried. They were bitterly slain with the military dictator's firearms."
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