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Some background info:

Several weeks ago, Hyundai Asan fired its vice president Kim Yun-kyu, accusing him of using corporate funds for personal use, after an internal audit. Vice president Kim strongly protested and N. Korea come to Kim's rescue, vehemently insisting that there would be no more joint business venture with Hyundai unless Kim is reinstated to his former position. N. Korea went in great length to save Kim Yun-kyu. Hyundai Asan elaborated that it is not solely due to misuse of fund, but some unconscionable breach of trust, which is the real reason. However, they did not spell out what it is. For a while, it seemed that several years of Hyundai's N. Korean venture would be gone, because N. Korea made repeated overtures to other S. Korean corporations such as Lotte Travel and Korea Tourism Corporation to replace Hyundai. It did not work. Now N. Korea is slowly turning around and extending olive branch to Hyundai again.

Then comes this allegation of N. Korea demanding top secret design for S. Korea's high-tech navy ship. This kind of bombshell allegation by lawmakers are not always accurate. However, this seems to fit the context. At least, it is the nice candidate for explaining dubious maneuverings surrounding Kim Yun-kyu's sacking. It is possible that Kim Yun-kyu strongly pressed for accommodating N. Korean demand at all cost. He is said to be a shady operator, according to what I heard.

1 posted on 10/25/2005 5:20:10 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; AmericanInTokyo; OahuBreeze; yonif; risk; Steel Wolf; nuconvert; MizSterious; ...

Ping!


2 posted on 10/25/2005 5:20:54 AM PDT by TigerLikesRooster
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To: TigerLikesRooster

Cat's out of the bag, Bump


3 posted on 10/25/2005 5:34:10 AM PDT by nuconvert (No More Axis of Evil by Christmas ! TLR) [there's a lot of bad people in the pistachio business])
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To: TigerLikesRooster
It is possible that Kim Yun-kyu strongly pressed for accommodating N. Korean demand at all cost. He is said to be a shady operator, according to what I heard.

Kim Jong-Il is shadier than he is! If this theory is correct, then Hyundai Asan President Hyun Jong-eun, for showing real manhood in standing up to a squeeze play put on by the North Koreans and their ally, his faithless VP, may be at personal risk.

The North Koreans have shown a distinct flair for assassination and mayhem as state tools in the past.

4 posted on 10/25/2005 5:43:53 AM PDT by lentulusgracchus ("Whatever." -- sinkspur)
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To: TigerLikesRooster
Why is the S. Korean government so anxious to accommodate Kim Jong Il? It would seem the real traitors are within the S. Korean government.
6 posted on 10/25/2005 6:27:55 AM PDT by monday
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To: TigerLikesRooster
Information to be immediately passed to their Chinese handlers. What the hell are we doing letting the Koreans build those ships anyway?

We are so stupid.

8 posted on 10/25/2005 7:42:37 AM PDT by Carry_Okie (There are people in power who are REALLY stupid.)
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To: TigerLikesRooster
It appears that the security of an important element of our defense, the most proven element of our navy's anti-missile capability, is at the mercy of whether Korean corporations hold ranks. If only one of them caves to Kim Jong Il in return for access to slave labor, then the dam will fail our of fear of competition and the NKs will have free access to those military secrets we've been stupid enough to outsource.

Which of the Chaebol is in the weakest position?

9 posted on 10/25/2005 7:49:47 AM PDT by Carry_Okie (There are people in power who are REALLY stupid.)
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To: TigerLikesRooster

Why doesn't SK simply buy the AEGIS system OFF THE SHELF...? Or is the US busy subsidizing it's own competitor?


16 posted on 10/25/2005 5:07:11 PM PDT by gaijin
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