The high cost of democracy

Article Abstract:

A decision by the constitutional court to endorse South Korean President Roh Moo Hyun's impeachment that might lower the bar for ousting presidents in the future and thus chronically destabilize South KoreaEs democracy is a concern among many observers. The main concern of the caretaker administrations is stability and the integrity of decision-making in an unprecedented leadership vacuum.

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Cashing in on the Korean dream

Article Abstract:

Fly-in teams arranged a series of cross-lease transactions with SK shipping for liquefied natural gas carriers while Macquarie Bank entered the Korean market with typical caution. Impressed by the opportunities in post-crisis Korea, Macquarie followed the standard strategy of setting up a series of alliances with well-established financial institutions.

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Democracy evolves in South Korea

Article Abstract:

Political state of affairs of South Korea, in the backdrop of recent elections, is detailed. Economic and political implications of President Roh Moo Hyun's administration are also discussed. Implications of election trends, against his Uri Party are examined.

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