Click Here to Go Directly to the Story




U.S. EDITION
Full Table of Contents
Cover Story
Up Front
Readers Report
Books
Technology & You
Economic Viewpoint
Business Outlook
News: Analysis & Commentary
In Business This Week
Washington Outlook



International Business
International Outlook
Legal Affairs
Finance
Sports Business
Entertainment
Science & Technology
Information Technology
BusinessWeek Investor
Dividends
The Barker Portfolio
Inside Wall Street
Figures of the Week
Editorials


INTERNATIONAL EDITIONS
International -- Readers Report
International -- Asian Business
International -- European Business
International -- Finance
International -- Int'l Figures of the Week




FEBRUARY 10, 2003

International -- Readers Report


  STORY TOOLS
Printer-Friendly Version
E-Mail This Story

On This Page
Another Korean War? Don't Even Think about It

For Too Many CEOs, "Nothing Succeeds Like Failure"


Another Korean War? Don't Even Think about It

I was pleased to see "A pragmatic overture to Pyongyang" (Editorials, Jan. 20). Another war on the Korean Peninsula--with conventional and nuclear weapons--would devastate both Koreas and greatly damage surrounding countries. The 12 million residents of the Seoul metropolitan area and 8 million other South Koreans live within the range of North Korea's artillery. North Korea maintains more than 13,000 artillery pieces and airplanes in underground tunnels along the Demilitarized Zone.

If South Korea were destroyed, the world would lose a dynamic and democratic country that its 47 million freedom-loving people have built with a great deal of U.S. support. South Korea has become a shining showcase of democracy and economic power to the people living in non-democratic countries around the globe. It therefore would be foolish not to seek peaceful resolutions of the North Korea crisis. To achieve that goal, it is imperative for the U.S. to actively engage China, Russia, and Japan. Prosperity and stability in the region will help North Korea gradually open its door to the international community. Eventually, the outcome of the U.S. engaging North Korea now would be democracy and a market economy in the region.

Byong Moon Kim
Director, Korean-American
Today & Tomorrow Center
St. Paul, Minn.

Your "50-year face-off" timeline on Korean history ("The other Korean crisis," Asian Edition Cover Story, Jan. 20), states: "1950-1953: North Korea invades South. U.S. and China fight proxy war on Korean soil." Some 40,000 U.S. soldiers died during the Korean War, along with several thousand more allied troops; an estimated 400,000 Chinese troops were killed.

Describing that as a proxy war is plain wrong.
Alexander Campbell
London

There must be a flaw, because this suggestion seems too simple: Why doesn't the U.S. buy North Korea's exports? Everything. Surely, we can outbid Yemen. If North Korea's foreign trade totals $2.3 billion, we could buy all of it for less than a rounding error in the cost of a possible war. We can use their missiles to test Star Wars, scrap the small arms, destroy the drugs and counterfeit currency, and still come out ahead. We might even be able to exert long-term influence to shift that output to useful, peaceful products.

Ed Wilhite
Champaign, Ill.


Back to Top

For Too Many CEOs, "Nothing Succeeds Like Failure"

"The Welch legacy" reports that Gary C. Wendt--who was supposed to be the savior of Conseco Inc.--led it instead into bankruptcy ("The best (and worst) managers of the year," Cover Story, Jan. 13). Wendt obtained a $45 million "hiring premium" from Conseco, and after 2 1/2 years, abandoned it in dire shape while he departed with a bundle. For some CEOs, such as Wendt, "nothing succeeds like failure."

Raymond Maurel
Paris




Back to Top


TODAY'S MOST POPULAR STORIES

  1. Apple's Schiller Defends iPhone App Approval Process
  2. Developers Look Past Apple's Jammed iPhone App Store
  3. Wall Street: Is It Good to Apologize for Greed?
  4. Picks of the Week: Intel, RIM, Wells Fargo
  5. Cisco's Extreme Ambitions

Get Free RSS Feed >>
  MARKET INFO

Portfolio Service Update

Stock Lookup

Enter name or ticker



Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.