Seoul Lights Up for the Holiday Season - Korea.net
Seoul Lights Up for the Holiday Season - Korea.net
Seoul Lights Up for the Holiday Season - Korea.net
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BOOKS<br />
Goguryeo: In Search of Its Culture and History<br />
Author: Jeon Ho-tae<br />
Publisher: Hollym<br />
Page: 288<br />
Price: 35,000 won<br />
Long Long Time Ago<br />
Publisher: Hollym<br />
Page: 128<br />
Price: 15,000 won<br />
The author explores one of <strong>the</strong> most<br />
powerful and prosperous times in<br />
<strong>Korea</strong>n history by examining mural<br />
paintings found on <strong>the</strong> walls of ancient<br />
tombs.<br />
Located in North <strong>Korea</strong>n cities of<br />
Pyongyang and Nampo, <strong>the</strong> Complex<br />
of Goguryeo Tombs consists of 30 individual<br />
tombs from Goguryeo, one of<br />
<strong>the</strong> Three Kingdoms running from 57<br />
B.C. to A.D. 668.<br />
In 2004, it was designated as <strong>the</strong> first UNESCO World Heritage site in <strong>the</strong><br />
country.<br />
The tombs are assumed to have been used as a burial site <strong>for</strong> kings, queens<br />
and o<strong>the</strong>r members of <strong>the</strong> royal family and contain beautifully colored mural<br />
paintings showing daily life and mythologies of <strong>the</strong> time.<br />
The author, a professor of history and culture at <strong>the</strong> University of Ulsan and<br />
curator at <strong>the</strong> National Museum of <strong>Korea</strong>, specializes in ancient cultural history<br />
and has published numerous articles on Goguryeo tomb murals and ancient<br />
Chinese art. ■<br />
A total of 20 most loved <strong>Korea</strong>n folk tales<br />
have been collected in this illustrated book.<br />
Readers can meet a variety of beloved characters<br />
that have made <strong>Korea</strong>n children happy<br />
and excited <strong>for</strong> generations: a rabbit who outwits<br />
a tiger; a bro<strong>the</strong>r and a sister who became<br />
<strong>the</strong> Sun and <strong>the</strong> Moon respectively; a<br />
tortoise and a hare who are totally different<br />
from <strong>the</strong> ones in Aesop’s fable. Illustrator Kim<br />
Dong-sung, who majored in Oriental painting<br />
at Hongik University, has created beautiful illustrations<br />
by using a dreamy ink painting,<br />
adding to <strong>the</strong> fun. ■<br />
Big Bang in Capital Market<br />
Edited by The <strong>Korea</strong> Herald<br />
Publisher: Jimoondang<br />
Page:<br />
Price: 15,000 won<br />
The recent downfall of top U.S. investment banks calls into question <strong>the</strong> validity of <strong>the</strong> <strong>Korea</strong>n<br />
Government’s scheme to foster investment banks as a catalyst <strong>for</strong> capital market growth. Isn’t<br />
<strong>the</strong> plan based on a wrong model? Hasn’t <strong>the</strong> era of investment banks come to an end with <strong>the</strong><br />
ongoing turmoil on Wall Street?<br />
To <strong>the</strong>se questions, this book gives unambiguous answers. The researchers of <strong>the</strong> <strong>Korea</strong><br />
Securities Research Institute, who jointly authored <strong>the</strong> book, argue that it is not investment banking<br />
per se that is challenged. What has been found defective is <strong>the</strong> Wall Street model of investment<br />
banking. The authors provide a pe<strong>net</strong>rating analysis of <strong>the</strong> problems of what <strong>the</strong>y call Wall<br />
Street’s “free lunch model” and offer astute policy recommendations <strong>for</strong> financial regulators.<br />
They also stress that financial companies should foster a sound risk management culture.<br />
What made <strong>the</strong> difference between Goldman Sachs survival and Merrill Lynch’s failure, <strong>the</strong>y explain,<br />
was <strong>the</strong> attitude toward risk management.<br />
For fur<strong>the</strong>r in<strong>for</strong>mation, visit www.koreaherald.com. ■<br />
56 KOREA DECEMBER 2008<br />
DECEMBER 2008 KOREA 57