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North Korea rejected a proposal from South Korea's new conservative president to establish liaison offices in both countries

SEOUL, South Korea—North Korea rejected a proposal from South Korea's new conservative president to establish liaison offices in both countries calling it a public relations exercise aimed at covering up deteriorating ties on the divided peninsula.

The proposal was Lee's first overture to the communist nation.

Korea is connected by air to every major capital in the world

37 international airlines

over 1,500 flights into and out of Korea every week

With apologies for not reporting on this well in advance, but with hopes that this post will allow for some advance planning for next year's events, here's a bit on the 2007 International Korean Adoptee Association's Gathering that took place during the week of July 31st- August 5th in Seoul, South Korea.

Korea recently pulled through an economic storm that began in late 1997. This crisis, which roiled markets all across Asia, had threatened Korea's remarkable economic achievements

Korea, once known to be one of the world's poorest agrarian societies, has undertaken economic development in earnest since 1962. In less than four decades, it achieved what has become known as the "Miracle on the Hangang River" - an incredible process that dramatically transformed the Korean economy while marking a turning point in Korea's history.

With a history as one of the fastest growing economies in the world, Korea is working to become the focal point of a powerful Asian economic bloc during the 21st century

current research interests include real interest rates in Korea

1) the period of Malthusian stagnation up to 1910, when Japan annexed Korea; 2) the colonial period from 1910-45, when the country embarked upon modern economic growth; and 3) the post colonial decades, when living standards improved rapidly in South Korea, while North Korea returned to the world of disease and starvation.

oting has begun across South Korea in parliamentary elections that observers say are critical to the country's economic and political future. The elections come amid now-robust economic performance, as well as on the heels of the announcement of improved ties with North Korea. Rival candidates made last-ditch appeals for votes as the world focused on the first-ever summit between the two Koreas.

Another pressing issue for Kim's 2-year-old government is the reform of South Korea's inefficient economic systems, especially its family-owned conglomerates, or chaebol. About a dozen of the conglomerates collapsed under debts in 1997, forcing South Korea to accept a record $58 billion bailout package from the International Monetary Fund.

President Kim has publicly said reunions of those separated family members will top the agenda. Only 50 people from each Korea were allowed to cross the border in 1985 for the first temporary family reunions. No further reunions have since been arranged because of military and political tensions. The Korean border, the world's most heavily armed, is sealed with nearly 2 million troops deployed on both sides.

South Korea did create some important government enterprises; i.e., Pohang Iron and Steel Company, Korea Telecommunications Authority, Korea Electric Power Corporation, the Office of the Railroad, and Korea Monopoly Corporation (for tobacco and ginseng products). The public sector provided 80-90 percent of the financial services, two thirds of the gas, electricity and water supplies, 30 percent of transportation and communications, 30 percent of mining, and 15 percent of manufacturing.