Fuel Prices

Trade Protests in South Korea

Throughout the past 40 days, South Koreans have vehemently opposed a government proposal to lift a five-year suspension on the import of U.S. beef. Fear of meat tainted with mad cow disease prompted 100,000 Koreans to take to the streets of Seoul. Korea suspended the imports in 2003 when the first case of mad cow was discovered in American beef.

The public outcry over the proposal to lift the ban is President Lee Myung Bak's first big challenge as he tries to improve relations between the U.S. and South Korea. Though the president and his administration took office in February, already the uproar has prompted the president’s entire cabinet to offer their resignations. The divisive trade deal and a trucker’s strike over the surging price of fuel could further slow the South Korean economy.

This Al Jazeera video shows some of the more striking images from the demonstrations and gives an overview of the political climate that has led to the near- daily protests.

From the Archives

Basra Fishermen Suffer Security Squeeze and Fuel Price Hike

Topics: Globalization, Energy and Oil
Countries: Iraq
Previously filed under: Europe and Middle East, General Globalization
Soaring fuel prices and increased security in Iraqi waters make it difficult for Basra fishermen to support their families.

Stories We're Watching

US Remittances Keep Haiti Afloat

IRIN News - Fri, 03/12/2010 - 07:44
Haiti's economy depends on the estimated $1.5 billion a year in remittances sent home by its million-strong diaspora. Dilip Ratha, lead economist at the World Bank said the figure could be even higher, accounting for perhaps half the national income.

World Food Program won’t Renew Some Somalia Contracts

New York Times - Thu, 03/11/2010 - 06:14
World Food Program officials said it would welcome an independent investigation into its Somalia operations after a report that up to half the food aid was being diverted.

Farming for Alternative Livelihoods

IRIN News - Fri, 03/12/2010 - 07:44
Young unemployed men are finding opportunities in a project that also aims to introduce sustainable farming methods to Indonesia's agricultural sector.

Early Iraq Election Results Reported

CNN - Thu, 03/11/2010 - 12:12
Two of Iraq's 18 provinces announced early results, which put the group led by Prime Minister Nuri al-Maliki in the lead.

U.N. Study Finds Food Aid Bypasses Somalia’s Needy

New York Times - Wed, 03/10/2010 - 04:20
As much as half the food aid sent to Somalia is diverted to a web of corrupt contractors, a report found.

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