Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Olympics
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Photos of the week
Our top photos of the week. See more
Images of July
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Samsung to unveil new Galaxy Note in late August
02 Aug 2012
China calls in U.S. diplomat over South China Sea
04 Aug 2012
Syrian leader Assad's planes pound vital prize of Aleppo
|
4:14am EDT
Eye on Iran and Syria, Israel hardens missile shield
1:31am EDT
University brings capitalism to reclusive North Korea
04 Aug 2012
Discussed
222
Exclusive: Obama authorizes secret U.S. support for Syrian rebels
160
Union leader strives to ease Obama’s ”white guy problem”
105
Chick-fil-A faces ”kiss-in” protest in gay marriage flap
Sponsored Links
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more
The surface of Mars
The continuing search for signs of life on the Red Planet. Slideshow
Olympic bloopers
Olympic athletes succumb to gravity when they flip, trip or fall. Slideshow
University brings capitalism to reclusive North Korea
Tweet
Share this
Email
Print
Related News
North Korea's Kim tells China, economy a priority
Fri, Aug 3 2012
With grey skies over North Korea, leader puts on a happy face
Fri, Aug 3 2012
UPDATE 2-Olympics-Soccer-U.S. women forget politics, beat N.Korea
Tue, Jul 31 2012
U.N. team to tour flood-hit North Korea, no word from leader Kim
Tue, Jul 31 2012
CORRECTED-(OFFICIAL)-UPDATE 1-UN team to visit North Korea flood areas
Mon, Jul 30 2012
Analysis & Opinion
Business ethics need to move beyond what’s illegal
Trailer park worth $30 million
Related Topics
World »
North Korea »
North Korean leader Kim Jong-Un (R) talks with Wang Jiarui (not seen in photo), the head of the International Liaison Department of China's Communist Party, during their meeting in Pyongyang August 2, 2012 in this picture released by the North's official KCNA news agency on August 3, 2012.
Credit: Reuters/KCNA
By Ju-min Park
SEOUL |
Sat Aug 4, 2012 9:18pm EDT
SEOUL (Reuters) - Capitalism, in hermit North Korea, is normally associated with moral and economic ruin.
The Korea-born American who heads Pyongyang's only private university is trying to change that. He believes he has the support of the man many think is emerging as the real power in the North, whose new leaders are pondering how to save their broken economy from collapse.
The Pyongyang University of Science and Technology, co-founded by Chan-mo Park, is teaching dozens of North Koreans the skills of a modern market economy, something the impoverished state has managed for decades to avoid.
"I want whatever they learn to be used to revive their country's economy," Park told Reuters in an interview in Seoul, one of the world's most wired cities in sharp contrast to Pyongyang which even though it is home to North Korea's elite, struggles to provide its residents with power or heating.
"We emphasize practicality and commercialization of their knowledge," said the 77-year-old computer scientist, who used to be president of a South Korean university.
Park's comments come as speculation grows young leader Kim Jong-un, who took over the ruling family dynasty on the death of his father in December, is planning to experiment with economic reforms in a country which is constantly on the edge of famine.
Much of the interest has been on his uncle, Jang Song-thaek, who seen as having huge influence of the running of the country and who is believed to favor economic reforms.
For video link: link.reuters.com/pek79s
The university began life at the turn of the century when relations between the two Koreas were starting to warm after decades of bitter divide.
It finally opened its doors in October 2010 and now has 300 undergraduate and 70 graduate students in its three departments: electronic and computer engineering, international finance and management and agriculture and life sciences.
The students are handpicked from those who have studied at least two years at the country's top state colleges. So far all the students are men, but it is considering building a dormitory for women.
"International finance and management study is very popular. Maybe it is because the dean (of that department) ... told students in a seminar: 'If you do this, you can make lots of money'," a smiling Park said.
"Students study very hard to learn (about the Western economy). Although they have some weaknesses in basics, they have no problem to catch up because they are good at math."
Everything, including tuition and living costs at dormitories, is free. Students have a monthly $10 cash card to buy snacks at the cafeteria.
Although the North Korean government provides no funding, it did mobilize 1,000 soldiers to construct the campus, which has 17 buildings, above one of which hangs a sign eulogizing new leader Kim.
The students, Park says, are industrious and keen to learn.
Asked if they found capitalism an alien concept, he said: "Even students from the information technology field already know they should learn about the economy to make money."
SEEING CHANGE
Park has been to Pyongyang dozens of times, most recently in July, and says he is seeing change in what is one of the world's most secretive and tightly controlled societies.
"When I took the subway, I was allowed to film freely with my video camera. In the past, even still cameras were prohibited. We were allowed to dance with ordinary citizens," he added.
Even the about 50 professors, many of them from Western countries, were finding the strain of being under constant surveillance beginning to fade.
He singled out Jang Song-thaek, uncle of young leader Kim Jong-un.
"I am thinking and hoping that Jang can help his nephew to lead North Korea in a new direction of globalization," said Park.
Jang married into North Korea's ruling family and is thought to have spent time in exile after losing favor for proposing economic reforms that analysts say were opposed by the military.
He later returned and was placed near the top of the hierarchy by then leader Kim Jong-il who was preparing the ground for his son to take over.
It is a position which many analysts say gives the uncle huge power and who is expected to try to drive through reforms to the economy.
Park said he first met Jang in 2002 in South Korea when he was part of an economic delegation of high-ranking North Korean officials.
"I showed my laboratory. At that time, I found that he was gentle and different from other North Koreans who lived only inside the North, since he studied four years in Russia."
In April, they met again at a major celebration in Pyongyang. He said it was Jang whom he believed was behind support for the university's focus on globalization.
GOOGLE AROUND THE WEB
Unlike most of the rest of the heavily controlled society, for whom use of the Internet is largely proscribed, the students can google their way around the Web.
Park acknowledges those who question the wisdom of providing such knowledge in North Korea, which has long been internationally sanctioned for its nuclear weapon and missile programs and penchant for cyber attacks.
"We have only one IP address, so students can't spend a long time for the internet. They only use it for their study," Park said.
The official line, however, remains deeply suspicious of an economic system where markets rather than the state have a major say.
"The lifestyle based on the law of the jungle and all descriptions of immorality and depravity are turning capitalist society into the world of violence and crimes ... capitalism is on its way to ruin," was the view of one recent article in the state daily Rodong Sinmun.
(Editing by Jonathan Thatcher)
World
North Korea
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.