Monday, May 21, 2012
LTW - SK Nukes, Foreign Murderers, Yeosu Expo, & Generic Viagra
1) U.S. plans nuke bomb in South Korea
The U.S. House Armed Services Committee called for the re-introduction of nuclear weapons to South Korea. The U.S. pulled out nuclear weapons in South Korea in 1991 after two Koreas signed on the denuclearization of the peninsula. Obama being the supporter of negotiations to dismantle North Korea’s nuclear weapons, it is doubtful Obama government would actually send the weapons to South Korea. North Korea carried out nuclear test in 2006 and 2009, and is thought to be preparing the third one.
2) More foreigners commit murders in Korea
According to statistics by police, 7.9% of all murders in Korea are committed by foreigners even though foreigners account for just 2.8 percent of the population. Violent crimes such as murder or rape took 31% of the crimes committed by foreigners in Korea, compared to 22% of the crimes committed by local Koreans. Police plans to make more patrols in areas which have large foreign populations.
1) Expo grand opening in Yeosu
Yeosu, a small sea port city in the southern tip of Korean peninsula with 300K people, began a 3 month journey of 2012 Yeosu Expo with the participation of 105 countries and an expected crowd of 100,000 visitors a day. CNN named it the top place to visit in 2012, and Lonely Planet described the Yeosu Expo as one of the top things to do this year. This is the 2nd Expo in Korea after Daejeon Expo in 1993.
2) Korean firms to market generic Viagra
As Pfizer’s patent on Viagra expires this month, 15 local pharmaceutical firms are launching generic versions of Viagra with 28 different product names. They are about one-third cheaper than the original. Since its debut in Korea in 1999, a total of 36 million pills of Viagra have been sold, and many more fake Viagra smuggled from China.
3. Auto Industry
1) Hyundai Beijing under fire
The production at Hyundai’s Beijing No.1 plant came to a complete stop as a fire broke out at its paint shop on May 8. The fire was put out within two hours without any casualties. There was a fear that some 1,300 units a day production of Accent, Elantra and Sonata from the No.1 plant would be down for weeks, but Hyundai made it in three days. How? Hyundai sent the vehicles from welding shop in No.1 plant to the paint shop in No.3 plant 30km away like piggyback on the trucks, and transported painted bodies back to the assembly shop in No.1 plant. The new No.3 plant was going to be fully operational in July, but Hyundai is using its paint shop many weeks in advance.