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22 posts categorized "Korea"

January 11, 2009

Korean finance blogger arrested for being right

A Korean blogger who predicted the fall of Lehman Brothers has been arrested by the government.

Among governments struggling to contain the global financial crisis, South Korea set a rare and controversial example over the weekend by arresting a popular blogger who was accused of undermining the financial markets but worshipped by many Koreans as an online guru.

But when some of his predictions on the markets proved right, he gained a huge following among South Koreans fretting over an uncertain economic future....

For months, both the media and the authorities have scrambled to identify Minerva, who has uploaded more than 100 anonymous postings in Daum, the country's second-largest Web portal. He achieved a prophet's status after he predicted the collapse of the U.S. investment bank Lehman Brothers, the crash of the Korean currency and the effects of the toxic U.S. mortgage crisis eventually engulfing South Korea.

Newspapers reported his predictions. The government scrambled to dispute his claims. Governing party lawmakers called for his arrest while financial market analysts admitted to avidly following his coverage. His commentaries typically attracted 100,000 viewers per posting....

Park Dae Sung's arrest on Saturday on charges of spreading false online information with a harmful intent - a crime punishable by up to five years in prison - came as the South Korean government was escalating its efforts to fight the fallout of the global financial turmoil.

As Robin Hanson comments, "Does anyone think Park would have been jailed for a mistaken optimistic claim, or that government officials will be jailed for making false claims?"

[via Overcoming Bias]

March 13, 2003

I'm back

The flight was fine, I got some sleep, breezed through customs, and now am back at work.

I've got a ton of stuff to post, and will do so over the next few days. I expect I'll just revise my previous entries, so that the postings follow the chronological flow of the trip. More anon.

In flight time

LATER, AIRPLANE TIME. The live map of our route shows the International Date Line not far from us: just on this side of the horizon.

Night fell with amazing speed: we're flying into the terminator, rather than with the sun, as we did on Sunday. It emphasizes the way that after a couple hours, transoceanic flights feel like they cease having any relationship to either their departure points or their destinations. Even as they're little portable pieces of Airport Culture (that world consisting of airline people, frequent travelers, and those pieces of material culture and retail that seem almost exactly the same no matter where you go), they become their own little worlds, metal cocoons with miscalibrated time-space coordinates and confused biorhythms.

At least the movies are different this time around. I finally got to see "Star Trek: Nemesis," my other choices being "Stuart Little 2," "The Scorpion King," "Clockstoppers" (whatever that is), and something called "The Transporter," about a Mafia driver whogasp!defies his boss, or something. (Mainly it's an excuse for lots of car chases that end with police cars crashing into each other.)

What else did I want to mention? Ah, yes: The lamb was really very good.

Leaving on a jet plane

FLIGHT 838, NARITA TO SFO, 5:05 local time. I'm now on the plane, waiting to back away from the terminal.

Just got the menu. Let's see. What to eat, what to eat? I think the crispy scallop poststickers and tasai with oyster sauce sounds good, but I'm torn between the filet mignon with roasted corn and sausage ragout, and the Malaysian herb-crusted rack of lamb with Sarawak pineapple salsa.

[dramatic pause]

BWAHAHAHAHA!

The thing I REALLY could get used to about flying first class isn't the nice lounge, or the food, or having someone basically turn on a beverage tap a few minutes after takeoff.

It's not having to wait in lines.

I never actually paid any real attention to how first class travelers are treatedannouncements to "first-class passengers" being part of the background noise of airportsbut it turns out that when you fly first class, you Don't Have To Wait. There's this near-empty line that you get to stand in (you can't see it when you're standing in the economy line); you wait at most a couple seconds; someone takes your ticket; then you're on your way. While boarding at Narita, we had to wait for a full two minutes with the business class travelers. It suddenly felt like I was packed in amber.

First class is for travelers what standards are to goods: both are social technologies that lowers transaction costs and speeds movement.

March 12, 2003

Same lounge, same machine

NARITA AIRPORT. Back in my home away from home, the United Red Carpet lounge. It's very interesting how we develop incredibly specific information about spaces in the course of our travels: Anyone who wants to hook up a keychain drive in the Red Carpet Lounge should know that the PC on the far right side is the one that you want.

After we got settled into the lounge, I spent a little time playing tourist, and bought a kimono for Elizabeth (I'd told her I might get her a Korean dress, and I figure this is close enough; I just hope it fits her), and some CDs of the music I'd heard on the way over here. They CDs were more expensive than their American counterparts (today's exchange rate is about 115 yen to the dollar, which is not good-- all this concern about war is hitting the markets hard), and I just heard that there's a place in San Francisco's Japantown that sells the same things.

But now I've renewed my connection with Japanese consumer electronics culture, however tenuously. Maybe the next time I come over here I can work out a long layover, go to the Akihabara, and emerge 18 hours later, encrusted in the latest gear.

Besides, if a silicon exoskeleton is good enough for mollusks, it should be good enough for me.

On the road again

On the plane, headed to Japan.

Continue reading "On the road again" »

Quick hi from Incheon

I'm at Incheon airport, ready to fly back to the States. This has been a very good trip, though very short. It's certainly been eye-opening, both for what I've seen in Korea (Seoul is definitely one of those places where the future already exist), and as a brief piece of fieldwork in the Land of Luxury Travel.

And on that note: The dim sum in the Singapore Airlines first class lounge is pretty damn good, I must say.

From here, it's on to Narita, and then back to San Francisco. And my real life, thank goodness.

I've got a million notes, and will start writing them up on the plane. More from Narita.

Leaving on a jet plane

I'm off to San Francisco this morning. It'll take about 12 hours to get back across the Pacific, but thanks to the quirkiness of the international date line, I'll be returning yesterday-- or earlier this morning. It's not the kind of thing you normally have to think about.

More from Narita, I hope.

March 11, 2003

Day 2 in Korea

So now it's Wednesday morning, and I'm about to start my second day of meetings. I'll write about it at length later, but I had what may have been the most extraordinary dinner of my life last night at a Chinese restaurant in Suwon. The lobster and shark fin soup may have been the high point.

March 10, 2003

Finding the future in Kangnam

Tonight after dinner we went to Kangnam, a neighborhood in the south of Seoul (the city is bisected by the Han River; the Shilla is in the north). Kangnam is a very hip place, full of crowds of young kids. We started out walking down Kangnamdero, one of those great Asian city avenues heavy with crowds and ablaze with neon signs.


[Walking south on Kangnamdero]

Continue reading "Finding the future in Kangnam" »

The future is already here

The last time I was in Seoul was in 1998, in the depths of the IMF crisis. Of course, it's always interesting to visit a new place, but Korea was not at its best then: it was in the worst economic depression in years, the North Koreans were acting up, and there was even starting to be a problem with homelessness (previously unheard-of). This time around, my futurist's radar was going off constantly. William Gibson has a lovely saying that the future is already here, it's just not evenly distributed. This is a place, I kept thinking, where the future is already here.

It reminded me of something I saw a couple years ago, that was my first signal that something interesting was going on in Seoul. I bought the game Descent 3, one of those games whose rules are: 1) pilot a spaceship around the solar system, and 2) blow up everything that isn't you. After playing it for a few days, I got to a level that was set in... Seoul. Of course, it bore as much relationship to the real Seoul as the level that took place on Mars bears to the Red Planet, but still: some hip young designers, obsessed with making a game that would be a hit and continue a hugely profitable line, thought that it made sense to set a level in Seoul.

What rhymes with Caspar Weinberger?

That was something that Milo the Penguin struggled with in "Bloom County." I'm reminded of it because I saw Weinberger in the lobby of the hotel this morning. What a weird world.....

Greetings from the Shilla

Well, I've made it to Seoul, and am in the Shilla. I'm actually in the business center, which is full of people checking their e-mail after long flights. Clearly, a new business ritual has developed.

More when I'm more conscious.

On to Seoul

[on UAL 837, Narita to Seoul]


So... much... space...

So I managed to download all the earlier stuff onto my blog, thanks to an Internet terminal in the United lounge and an open USB port. I bought a little flash memory drive before I left, thinking it would come in handy. I had no idea. I grabbed the previous entries, moved them onto the drive, then carried it over to the desktop machine, plugged it in, and despite the opacity of Windows Kanji Edition, was up and running in a couple minutes. It's not quite blogging in real time, but it's sufficiently road warriorish to make me feel like a real man.

Continue reading "On to Seoul" »

March 09, 2003

Greetings from Narita

I:m sitting in Narita Airport, having a brief layover on my way to Seoul. I:ve got a very extensive set of notes on the trip, which I:ll upload at a later date.

The Japanese keyboard seems to hid the apostrophe. My e-mail has had an oddly stilted quality as a result....


One of the computers I used to blog from Narita, until I locked it into hiragana mode, and couldn't get it back to English

Pop pop pop music

I'm listening to the Japanese pop station, which is like tuning into an alternate planet of music.

It's like there's a world whose greatest musical influences are Whitney Huston, the first two Asia albums, 1980s British pop (both the New Romanticism of Crowded House and Spandau Ballet, and the techno sound of the Pet Shop Boys-basically, think tenors in sharp suits with lots of hair gel), Elton John, and Quincy Jones. It's an updated version of older Asian pop-there's still lots of sentimentality and enough string accompaniment to make even Phil Spector ache for a Philip Glass-like minimalism-but it strikes me as a lot more sophisticated.

There's an amazing fidelity of the sound: if you focus on the production tricks, the use of computerized drum tracks, and blazing guitar solos, the songs would fit right into a (slightly eclectic) Top 40 station, or one of those stations whose call sign is some kind of play on "the quiet storm." Clearly, artists on the other side of the Pacific have figured out that, as Brian Eno puts it, "the studio is an instrument." But, not to put too fine a point on it, they're singing in Japanese-but with unexpected switches into English.

Then there are some remarkable surprises: an a capella group called The Gospellers that could go head to head with Manhattan Transfer; a jazz quartet doing a quiet, understated cover of "Love is Here to Stay" that could have been from the "Kind of Blue" sessions (I swear they reincarnated Bill Evans for the track); and a song called "Storms" that I can only describe as hip-hop on the Silk Road.

But this eclecticism should be no particular surprise, given how amazing east Asian architects, filmmakers, product designers, and others have been at taking things developed in the West, putting a new spin on them, and returning something that is at once familiar and transformed. The best Jackie Chan movies are a combination of Buster Keaton, Peking Opera, and spy thriller; Arata Isozaki's buildings combine recognizable modern and postmodern elements with Japanese architectural ideas. Culture can have roots and wings (to use a term coined by my friend Gregg Zachary).

What really blows me away are the women singers, who have picked up some serious attitude from the likes of Oleta Adams and Toni Braxton. This isn't just emulation; it's a declaration of independence, with a key change after the sax solo. You go, girl.

This feeling of entering some Pan-Pacific world started when I got into the international terminal, and started noticing that most of the airport employees, and about 80% of the passengers, were Asian. I suppose it's no big surprise, given that this is a major hub to Asia; but this felt less like an "influence" and more like a piece of the New Asia grafted onto the California coast. Usually I don't even think about the Japanese or Chinese influence in the Bay Area, even though I must pass five sushi bars on my way to work: it's just something there, offering a comfortable level of diversity (and excellent food). But the absence of the ordinary background of Blockbusters and suburban houses in which such influence is usually embedded made this stand out more.


The international terminal at SFO. My entrance into a trans-Pacific world

I have no sense of what time I should think it is; a lot of people on the flight are asleep, but I tried briefly and failed to fall asleep. My body thinks it's early evening; I get the feeling I'm going to be in for some serious confusion later today (or this morning, or whatever) when I hit Seoul at my body's equivalent of 4 AM.

My video screen is giving me advice on little callisthenic exercises I can do to keep the circulation going, and avoid cramping. It's pretty amusing.

9:15 PST. We're now 40 minutes from Narita. I'm looking out the window, and seeing either whitecaps, or very tiny icebergs.

Mapping exercises

Just past international dateline, off coast of Russia, 5 PM PST. I know we're just over the dateline because I can see it on the little map on my video screen.

This voyage tracker is something I first saw on my last trip to Korea in 1998, but this is the first time I've gotten my own personal screen for following our progress. It's kind of cool: I like the sense of being able to see what's going on, even if most of the information is pretty meaningless to me (is a 21 mph headwind a lot or a little? Should it be -44 degrees below zero out there, or warmer?).


The map

Yet more from Narita

2:30 Japan time. Sitting in the first-class passenger lounge at Narita Airport.


Welcome to Narita! You'll be leaving in an hour

I'm reminded of the end of Michael Lewis' "Liar's Poker," when he begins to have nightmares about chewing out the concierge at a luxury hotel because his bed isn't turned down and the towels aren't scratchy enough. My earlier protestations notwithstanding, I'm beginning to see how people get used to this kind of life.


The buffet in the first class lounge. I recommend the futomaki

Continue reading "Yet more from Narita" »

Would you like to fly...

11:00 AM, aboard UA 837. I'm in danger of going into the travel equivalent of diabetic shock. I'm merely in business class-my bid to upgrade to first having been rejected-but still, this is absurd....


Who left all this cool stuff on my chair? And why do the blankets need to be shrink-wrapped?

Continue reading "Would you like to fly..." »

Greetings from SFO

I'm at the airport, ready to go to Korea. Or reasonably ready. I think. This is the first international trip I've taken since the children arrived-though going to Philadelphia would count as foreign in some people's eyes-and so I'm a little rusty. They've even built a new airport in Korea since I was there last: I flew out of Kimpo in 1998, and am flying into Inchon.

Continue reading "Greetings from SFO" »

March 05, 2003

Korea, here I come

I'm getting things together for the Korea trip: I bought a Lonely Planet guide to Seoul this morning, have been e-mailing various friends or colleagues over there about spending some time doing some "deep hanging out" in PC baangs, and calculating how little clothing, toiletries, etc. I can get away with taking. Since I'm going to be staying at the Shilla, it's not like they won't have nicer stuff than I own myself....

I've also never been to a city that was under the threat of destruction by mad, isolated Communist dictators. That will either be a non-event, or it'll lead to a mad dash to the American embassy or Inchon airport.

February 28, 2003

Your flight is delayed

The trip to Seoul is delayed a week. Which is good, because that gives me more time to work on the various presentations I'll be giving, and try to work out a little "deep hanging out," as John Markoff calls it.

It's also good because my daughter is now sick. I'm staying home with her, which hardly counts as a "sick day" for me, because basically I just have to give her medicine, change to videos on a regular basis, then go back to my e-mail, cell phone, and various readings. Fortunately I don't have to do it often, but I hardly feel like I lose much work when I stay home with one of the children.

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